Cockroach Labs Raises $87 Million of New Investment, Capping a Year of Exceptional Growth

Cockroach Labs has secured $87 million in a series D financing round, co-led by Altimeter Capital and Bond Capital, marking significant growth for the company and underscoring the increasing demand for cloud-native databases. Founded on the premise that modern applications require databases with distributed architecture for resilience and scalability, Cockroach Labs has experienced validation through open-source adoption and increasing deployment by companies like Equifax, Bose, and Comcast. The new funding will enhance product development, focusing on improving PostgreSQL compatibility, language integrations, and their database-as-a-service offering, Cockroach Cloud. This investment comes amidst the COVID-19 pandemic, which has accelerated digital transformation and heightened the need for robust data solutions. Cockroach Labs is committed to supporting its community and customers by continuing to innovate and expand its capabilities to meet the demands of a cloud-native future.

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