NoSQL Database Company MongoDB Snags $150 Million in Funding

NoSQL database vendor MongoDB today announced it has secured $150 million in financing, which the company described as the largest single funding round for any database vendor, NoSQL or otherwise.

According to MongoDB, this funding round was led by a global financial services company, as well as funds and accounts advised by T. Rowe Price Associates, Inc., additional new investors Altimeter Capital and, and participation from existing investors Intel Capital, NEA, Red Hat and Sequoia Capital.
MongoDB, which is headquartered in Palo Alto and New York, will direct this funding toward the core MongoDB project, as well as toward the MongoDB Management Service, which provides tools and services to operate MongoDB at scale, and to growing its user base globally.

Thousands of organizations now use the MongoDB document-oriented database and it is commonly used for operational and analytical big data, content management and delivery, mobile and social infrastructure, user data management and as a data hub. To learn more, visit