Company
Date Published
Author
Matt Asay
Word count
886
Language
English
Hacker News points
None

Summary

MongoDB has raised $150 million in funding from a variety of investors, including Salesforce.com, T.Rowe Price, EMC, Sequoia, Red Hat, NEA, Flybridge, etc., to solidify its position as the industry's leading NoSQL database and fastest-growing Big Data community. This investment will help MongoDB accelerate growth and invest in improving its product for both developers and operations professionals. The company aims to address the needs of modern applications that rely on bigger data sets moving faster than traditional relational databases can handle, and to build maturity in the market dominated by 30-year-old technologies with large partner ecosystems and big companies understanding their enterprise customers' needs.