Company to Deliver on Global Demand for MongoDB so Enterprises and Web Properties Can Tackle Their Big Data Challenges
NEW YORK, NY and SAN FRANCISCO, CA--(Marketwire - Sep 12, 2011) - 10gen, which sponsors leading open source non-relational database MongoDB, today announced it has secured $20 million in financing, led by Sequoia Capital and with participation from 10gen's other existing investors Flybridge Capital and Union Square Ventures. The infusion of capital will enable the company to meet growing global demand for MongoDB across enterprises, media, gaming and government organizations by expanding customer service and research and development in Europe and Asia, and the addition of new offices in Ireland and the United Kingdom. 10gen also continues to build its leadership team, appointing technology veteran Erik Frieberg to the role of vice president of marketing and alliances.
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About 10gen
10gen develops MongoDB, and offers production support, training, and consulting for the database. Thousands of leading Web 2.0 companies as well as major Fortune 500 enterprises have adopted MongoDB. 10gen is funded by Sequoia Capital, Flybridge Capital Partners, and Union Square Ventures. For more information, visit www.10gen.com or www.mongodb.org.
About Sequoia Capital
Sequoia Capital provides venture capital funding to founders of startups who want to turn business ideas into enduring companies. As the "Entrepreneurs Behind the Entrepreneurs," Sequoia Capital's Partners have worked with innovators such as Steve Jobs of Apple Computer, Larry Ellison of Oracle, Bob Swanson of Linear Technology, Sandy Lerner and Len Bozack of Cisco Systems, Dan Warmenhoven of NetApp, Jerry Yang and David Filo of Yahoo!, Jen-Hsun Huang of NVIDIA, Michael Marks of Flextronics, Larry Page and Sergey Brin of Google, Chad Hurley and Steve Chen of YouTube, Dominic Orr and Keerti Melkote of Aruba Networks, Tony Hsieh of Zappos, Omar Hamoui of Admob, Steve Streit of Green Dot and Reid Hoffman and Jeff Weiner of LinkedIn. To learn more about Sequoia Capital visit www.sequoiacap.com/us.
Flybridge Capital Partners
Flybridge Capital Partners is an early-stage venture capital firm whose mission is to assist entrepreneurs in growing innovative, global companies. With $560 million under management, the firm is focused on investing in consumer, energy, healthcare and information technology markets and is led by a team with domain expertise and more than half a century of combined experience in venture capital. www.flybridge.com.
Union Square Ventures
Union Square Ventures is an early stage venture capital firm located in New York City. USV invests in web-based services that disrupt markets by capitalizing on ubiquitous connectivity and innovative business models.
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Media Contact:
Sam Hallock
Schwartz Communications
415-817-2583
10gen@schwartzcomm.com