The company, which has offices in New York and Palo Alto, said it will use the additional cash "to invest in product development for MongoDB and the MongoDB Monitoring Service and to better support its rapidly growing community and user base worldwide."
MongoDB is the dominant "NoSQL" database; demand for the software is growing rapidly. 10gen said it has had 50% sequential sales growth for the past five quarters. The company said it has grown its team over 400% since January 2011 and now has 130 employees.
“We want to change the database market, to make MongoDB the best way for companies to build new applications,” CEO Dwight Merriman said in a statement. “Our goal is to give tech teams not only a database that scales to any big data level required but also helps developers be productive and more nimble. That has been the vision of the MongoDB open source community and we want to continue to help make that happen.”
