Wednesday, March 16, 2016

Couchbase Raises $30 Million for NoSQL Databases

Couchbase, a start-up based in Mountain View, California, raised $30 million in a series F round of funding.

Couchbase offers a NoSQL database architected to consolidate multiple layers of functionality delivering the simplicity, speed and performance of a key value database, the flexibility of a document database, the ultra-low latency of a cache, and end-to-end mobile support with on-device storage and synchronization.

The new funding was led by Sorenson Capital with current investors participating in the round, including Accel Partners, Adams Street Partners, Ignition Partners, Mayfield Fund, North Bridge Venture Partners and West Summit. This capital will be used to accelerate sales, and expand technical support and engineering investments as Couchbase extends its leadership as the de facto standard operational database for Digital Economy businesses.

“Our business, built on customers focused on winning in the Digital Economy, is very strong. This funding round will take us to cash flow positive and should be our last round prior to an IPO,” said Bob Wiederhold, Couchbase CEO. “To be successful in the Digital Economy, businesses need to build great Web, mobile and IoT applications that deliver great user experiences that critically depend on the capabilities of the underlying operational database. Developers, architects and CIOs across every industry realize this, and are selecting Couchbase over our competitors as their operational database for modernizing their technology platforms.”

http://www.couchbase.com/

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