NoSQL Leader Couchbase Raises $25 Million
August 28th, 2013 By: John Rath
NoSQL database leader Couchbase announced that it has closed on a $25 million series D funding round led by Adams Sweet Partners and joined by existing investors Accel Partners, Mayfield Fund, North Bridge Venture Partners and Ignition Partners.
“Since the 2.0 release of Couchbase last December, Couchbase’s growth has been remarkable,” said Robin Murray, general partner of Adams Street Partners. “The delivery of document database extensions and cross data center replication features together with existing leadership in scalability and performance has allowed them to win big orders at many high profile enterprise accounts and immediately attracted our attention.”
Sales have grown more than 400 percent and the company has won several high-visibility competitive enterprise accounts. Couchbase has been known to be used by companies such as AOL, Cisco, LinkedIn, Orbitz and Salesforce.com. Couchbase will use the funds to expand international sales and marketing operations as well as support key strategic product initiatives. These initiatives will be announced in the coming weeks. It will also use the funding to expand its local presence in North America,Europe, Israel, Japan, and Korea and open offices in China, India, Brazil, and Argentina.
“We have seen a significant increase in the adoption of NoSQL by enterprises,” said Bob Wiederhold, CEO of Couchbase. “They are doing deep strategic evaluations of NoSQL technologies and our leadership in providing easy scalability, consistently high performance, and cross data center replication has allowed us to consistently win these evaluations. This funding will allow us to rapidly expand the number of enterprises we serve around the world.”