US-based distributed database technology provider Cockroach Labs received $87m in a series D round yesterday featuring GV, an early-stage corporate venturing subsidiary of technology conglomerate Alphabet.
Altimeter Capital and Bond Capital co-led the round. GV was not listed in Cockroach’s official release, though the corporate was identified as a participant by TechCrunch, which additionally named Benchmark, Index Ventures, Sequoia Capital and Tiger Capital as backers.
Cockroach Labs has developed an open-source, cloud-native database technology that offers consistency and resilience even when faced with unexpected usage spikes. The series D capital will go towards product development, including the company’s database-as-a-service offering.
The company has now raised more than $195m. GV previously backed a $55m series C round in August 2019 that was led by Altimeter and also included Tiger Global Management, Benchmark, Index, Redpoint Ventures, FirstMark Capital and Work-Bench.
GV also took part in a $27m series B round in 2017 that was led by Redpoint and further attracted FirstMark, Index, Work-Bench and Benchmark.
The corporate also supplied funding as part of a $20m series A1 round in 2016, investing alongside Index, Sequoia, FirstMark and Benchmark. The latter had led a $6.3m series A round in 2015 that included GV, Sequoia and FirstMark.
