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MongoDB Raises $150 Million

By TechTaffy Desk

MongoDB has secured $150 million in financing, led by a global financial services company (rumored to be Fidelity Investments). T. Rowe Price, Altimeter Capital, and Salesforce also participated in the investments, as did existing investors Intel Capital, NEA, Red Hat and Sequoia Capital.

This brings the company’s total investments to $231 million, since the company’s inception in 2007.

The company says it will use the funds to further invest in the core MongoDB project, as well as in MongoDB Management Service, a suite of tools and services to operate MongoDB at scale, among other things.

“Adoption of MongoDB has grown explosively over the last few years,” said Max Schireson, CEO at MongoDB.

MongoDB’s open source community has seen over 5 million downloads, 100,000 online education registrations, 20,000 user group members and 20,000 MongoDB Days attendees, according to numbers released by the company.

The company currently has more than 320 employees worldwide.

[Image courtesy: MongoDB]

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