Couchbase raises $ 30 million, targets IPO
Couchbase, the operational database (NoSQL) that supplies the big names of the Internet, has completed its seventh fundraising (Series F) of $ 30 million from its historic investors Accel Partners, Adams Street Partners, Ignition Partners , Mayfield Fund, North Bridge Venture Partners and West Summit. Sorenson Capital is joining as a new shareholder. In total, she says she has raised 146 million dollars.
The market: mobile and IoT in the sights
Among its clients, Couchbase includes large Internet infrastructure providers such as Amadeus, AT&T, Walmart, Dixons, Nike, Cisco, Comcast, Concur, or Disney, but also small and medium-sized digital companies. In fact, it is placed in a particularly large market that it estimates at nearly “115 billion dollars by 2019”. The Californian company is also benefiting from the explosion of uses on the mobile, but also in the IoT.
Couchbase is one of the Top 5 NoSQL sellers and is part of the Fortune 500 in the United States. Others such as DataStax, MongoDB, MarkLogic, Cloudant also weigh on the market.
The objectives of the Start-up
Couchbase wants to invest in the development of its technologies. “This round of financing will allow us to bring us a positive cash flow and should be our last fundraising before an IPO”, specifies Bob Wiederhold, CEO of Couchbase.
Seat: Mountain View
Founders: Raymond Young, Rod Ebrahimi
Competitors: DataStax, MongoDB, MarkLogic, Cloudant
Creation date: 2009