MongoDB, capitalizing on the popularity of its online database software, raised $150 million in a venture-funding round that would make it the most valuable Internet startup in New York.
The deal attracted new investors such as EMC and Salesforce.com, along with previous backers Red Hat, Intel, New Enterprise Associates and Sequoia Capital, according to MongoDB. The round values the company at $1.2 billion, said two people familiar with the matter, who asked not to be identified because the valuation isn’t public.
MongoDB has been quietly building a global database business — with its sales and headcount more than doubling each year, Chief Executive Officer Max Schireson said. The company is making inroads with its lower-cost software, aiming to threaten the dominance of Oracle Corp.’s relational databases, he said. Read more…
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Read more : MongoDB Catapults to Top of NYC Startups With $1.2 Billion Valuation
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