Newsletters




Couchbase Secures $30 Million in Funding Led by Sorenson Capital


Bookmark and Share

Couchbase, a provider of NoSQL database technology, has secured $30 million in a series F round of funding led by Sorenson Capital. “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, in a statement released by the company.

This round also had current investors participating, including Accel Partners, Adams Street Partners, Ignition Partners, Mayfield Fund, North Bridge Venture Partners, and West Summit. The capital will be used to accelerate sales, and expand technical support and engineering investments, the company said.

“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,” said Wiederhold.

A recent report by 451 Research shows the operational database market is expected to reach almost $50 billion by 2019, and, according to Couchbase, companies adapting to the digital economy are driving this growth. 

However, technology that supports digital economy businesses is being adopted at different rates. Couchbase views the digital economy in four categories: Digital Startups, Digital Leaders, Digital Transformers and Digital Laggards. The Couchbase technology is positioned to become the operational database of choice for the Digital Startups, Digital Leaders and Digital Transformers, the company says, because its NoSQL database is 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. 

For more information about Couchbase, go to www.couchbase.com/about.


Sponsors