MongoDB Raises Additional $80 Million, Sovereign Fund Leads Round
MongoDB was founded in 2007 as 10gen. The company was created by former DoubleClick founder and chief technology officer Dwight Merriman. Other founders are Kevin Ryan and Eliot Horowitz. In August 2013, 10gen changed its name to MongoDB, to reflect its flagship product. Some of MongoDB’s customers are Autodesk, ADP, Bosch, Expedia, Forbes, MetLife, Otto and Salesforce.
New York-based MongoDB, Inc. has raised an additional US$ 80 million in funding. The series F round of preferred stock attracted existing investors such as, Altimeter Capital, New Enterprise Associates (NEA), Sequoia Capital and funds managed by T. Rowe Price Associates, Inc. New investors include Goldman Sachs and a sovereign wealth fund which led the round.[ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]
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