US-based big data technology provider MongoDB, previously backed by cloud computing software provider Salesforce.com and chip maker Intel’s corporate venturing unit Intel Capital, has raised $80m in series F funding.
The round was led by an unnamed sovereign wealth fund, and included investment banking firm Goldman Sachs, alternative asset management firm Altimeter Capital, venture capital firms New Enterprise Associates and Sequoia Capital, and funds managed by T. Rowe Price Associates.
Salesforce, Intel Capital and open source software developer Red Hat were among the investors in the company’s series F round, which raised $150m in 2013.
Intel Capital first invested in the $7.7m first tranche of a $50m round raised by MongoDB in 2012 under its previous name of 10gen, alongside Red Hat and In-Q-Tel, the US intelligence agencies’ quasi-corporate venturing unit.
MongoDB has now raised a total of approximately $311m in funding since its incorporation in 2007. The company commercially exploits a type of large-scale database management software known as NoSQL. It has some 2,000 customers, including Adobe, Amazon, Forbes, Buzzfeed, Cisco, Dropbox and Salesforce.
Dev Ittycheria, president and chief executive of MongoDB, said: “MongoDB was designed to make it easy to develop applications that require rapid change, massive scale, always-on operation, and support for a large variety of unstructured and semi-structured data, all at significantly lower costs.”
The round, raised last month, was disclosed yesterday. Another NoSQL technology company, Basho Technologies, raised $25m from private equity from Georgetown Partners today, while similar companies to have raised funding in the past year include Couchbase and Datastax.