Couchbase, a Mountain View, California-based database company, has secured $14m in Series C financing.
The round, which brings the total sum raised by the company to date to $30m, was led by Ignition Partners, with participation from existing investors Accel Partners, Mayfield Fund, and North Bridge Venture Partners. Couchbase has also reserved an additional $1m for investment from strategic customers and partners.
The company intends to use the capital to:
– further invest in NoSQL product development,
– increase adoption and growth of Couchbase in enterprise organizations,
– expand internationally,
– support its growing community through expanded technical education and community events.
Led by CEO Bob Wiederhold, as well as CouchDB creator and CTO Damien Katz, Couchbase offers database solutions – based on Apache CouchDB, Membase, and Memcached open source software- for building scalable web and mobile applications. Web businesses using Couchbase include Zynga, AOL, the BBC and ShareThis.
FinSMEs
10/08/2011