SYS-CON MEDIA Authors: Carmen Gonzalez, Sean Houghton, Glenn Rossman, Ignacio M. Llorente, Xenia von Wedel

News Feed Item

Couchbase Secures $60 Million in Funding to Capture Larger Share of $16 Billion Big Data Market

Couchbase, Inc., provider of the most complete NoSQL database, today announced a $60 Million series E round of financing. The round was led by two new investors, WestSummit and Accel Growth Fund and brings the total amount of Couchbase funding to $115 Million. All existing venture capital investors also participated in this round of financing.

The new investment is further evidence of the growth of the global big data market which is segmented into two halves: operational data management, largely led by NoSQL vendors and analytical data processing, led by Hadoop vendors. The operational data management segment of big data is starting to accelerate at a much faster pace, driven by large enterprise adoption of NoSQL.

“Global adoption of NoSQL for operational big data initiatives is just beginning. Business have spent years trying to get Oracle to efficiently scale, or looked to MongoDB to experiment with small projects on non relational infrastructures,” said Bob Wiederhold, CEO Couchbase. “But, as these companies become more dependent on applications that simply cannot perform or scale on MongoDB or Oracle, they are turning to Couchbase. That is because Couchbase Server is designed and built to deliver the scale and performance needed by next generation infrastructure.”

Couchbase Uniquely Positioned to Win Operational Big Data Market Share

IDC predicts that the market for big data will reach $16.1 billion in 2014, growing 6 times faster than the overall IT market, with software accounting for 24% of the big data market. While Hadoop drives the analytical segment of big data, NoSQL is the catalyst for operational data management. Rapid acceleration in the growth of the NoSQL market is driven by multiple factors, the biggest being enterprise adoption of next generation architectures that support big data initiatives.

“Accel is interested in finding the leaders for the big data market,” said Kevin Efrusy, Partner at Accel Partners. “Couchbase is in a great position to disrupt the database market. It is building momentum with Oracle replacements and demonstrating continued competitive success over other NoSQL vendors.”

Couchbase is uniquely positioned to become the de facto general purpose NoSQL database of choice. Its flagship product, Couchbase Server, is architected to consolidate multiple layers of functionality delivering the simplicity of a key value database, the flexibility of a document database and the read speed of an in-memory database. This layer consolidation means Couchbase Server is singularly able to support multiple big-data use cases, making it an ideal choice for enterprises re-platforming for their next generation projects on a single infrastructure that is future-proof and cost effective.

Evolving Mobile Revolution

Support for mobile applications is at the top of every IT agenda, and these mobile initiatives are evolving to include new requirements. A typical mobile data strategy even a year ago, assumed that data would be kept in the cloud. But now there is a shift happening at an accelerating pace, where data needs to be always available. That creates a requirement for storing big data on a device, machine, wearable, etc. and being able to sync it with data stored in the cloud, or on other devices.

With its May launch of Couchbase Mobile, Couchbase leapfrogged the competition by delivering an end-to-end operational big data management platform that supports both cloud and edge based computing. With Couchbase Mobile, enterprises have the ability to manage data via the world’s first and only NoSQL mobile database, and if needed, sync data to the cloud through Couchbase Sync Gateway. With its first-to-market NoSQL mobile database, Couchbase is positioned to take significant share of the huge mobile market.

Investing in Growth

Couchbase has experienced incredible growth over the past year. Sales have increased 400%, the company has doubled its employee base, added 8 offices around the world and won strategic deals at large enterprise accounts. Couchbase will use this new round of funding to further its lead in innovation, as well as enabling global enterprise adoption of NoSQL and big data initiatives. This will include continued product investments, expanded regional technical support operations and scaling its marketing and sales teams.

Both investment funds are new to supporting Couchbase. Accel Growth III is a new $1 billion fund focused on investing in later stage companies that are driving important new trends in technology adoption. WestSummit is funded by its partners located across the US and China. Leveraging its strong global network, it focuses on helping build growth stage technology companies into global market leaders. Raymond Yang, co-founder and managing partner at WestSummit will join the Couchbase Board of Directors.

“Our investment in Couchbase is testament to our belief that organizations around the world are moving to next generation architectures,” said Raymond Yang, Co-Founder and Managing Partner at WestSummit. “China, and broader Asia, represent a huge market, and we believe Couchbase is well positioned to take leading share of this opportunity. As an investor and board member, I’m looking forward to supporting their APAC growth.”

Additional Resources

About Couchbase

Couchbase provides the world’s most complete, most scalable and best performing NoSQL database. Couchbase Server is designed from a simple yet bold vision: build the first and best, general-purpose NoSQL database. That goal has resulted in an industry leading solution that includes a shared nothing architecture, a single node-type, a built in caching layer, true auto-sharding and the world’s first NoSQL mobile offering: Couchbase Mobile, a complete NoSQL mobile solution comprised of Couchbase Server, Couchbase Sync Gateway and Couchbase Lite. Couchbase Server and all Couchbase Mobile products are open source projects. Couchbase counts many of the worlds biggest brands as its customers, including Amadeus, Bally’s, Beats Music, Cisco, Comcast, Concur, Disney, eBay / PayPal, Neiman Marcus, Orbitz, Rakuten / Viber, Sky, Tencent and Verizon, as well as hundreds of other household names worldwide. Couchbase is headquartered in Silicon Valley, and has raised $115 million in funding from Accel Partners, Adams Street Partners, Ignition Partners, Mayfield Fund, North Bridge Venture Partners and WestSummit. www.couchbase.com

More Stories By Business Wire

Copyright © 2009 Business Wire. All rights reserved. Republication or redistribution of Business Wire content is expressly prohibited without the prior written consent of Business Wire. Business Wire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
“DevOps is really about the business. The business is under pressure today, competitively in the marketplace to respond to the expectations of the customer. The business is driving IT and the problem is that IT isn't responding fast enough," explained Mark Levy, Senior Product Marketing Manager at Serena Software, in this SYS-CON.tv interview at DevOps Summit, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
DevOps Summit 2015 New York, co-located with the 16th International Cloud Expo - to be held June 9-11, 2015, at the Javits Center in New York City, NY - announces that it is now accepting Keynote Proposals. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to wait for long development cycles that produce software that is obsolete...
“We help people build clusters, in the classical sense of the cluster. We help people put a full stack on top of every single one of those machines. We do the full bare metal install," explained Greg Bruno, Vice President of Engineering and co-founder of StackIQ, in this SYS-CON.tv interview at 15th Cloud Expo, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
The cloud is becoming the de-facto way for enterprises to leverage common infrastructure while innovating and one of the biggest obstacles facing public cloud computing is security. In his session at 15th Cloud Expo, Jeff Aliber, a global marketing executive at Verizon, discussed how the best place for web security is in the cloud. Benefits include: Functions as the first layer of defense Easy operation –CNAME change Implement an integrated solution Best architecture for addressing network-l...
Mobile commerce traffic is surpassing desktop, yet less than 20% of sales in the U.S. are mobile commerce sales. In his session at 15th Cloud Expo, Dan Franklin, Segment Manager, Commerce, at Verizon Digital Media Services, defined mobile devices and discussed how next generation means simplification. It means taking your digital content and turning it into instantly gratifying experiences.
“In the past year we've seen a lot of stabilization of WebRTC. You can now use it in production with a far greater degree of certainty. A lot of the real developments in the past year have been in things like the data channel, which will enable a whole new type of application," explained Peter Dunkley, Technical Director at Acision, in this SYS-CON.tv interview at @ThingsExpo, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
SYS-CON Events announced today that Windstream, a leading provider of advanced network and cloud communications, has been named “Silver Sponsor” of SYS-CON's 16th International Cloud Expo®, which will take place on June 9–11, 2015, at the Javits Center in New York, NY. Windstream (Nasdaq: WIN), a FORTUNE 500 and S&P 500 company, is a leading provider of advanced network communications, including cloud computing and managed services, to businesses nationwide. The company also offers broadband, p...
The major cloud platforms defy a simple, side-by-side analysis. Each of the major IaaS public-cloud platforms offers their own unique strengths and functionality. Options for on-site private cloud are diverse as well, and must be designed and deployed while taking existing legacy architecture and infrastructure into account. Then the reality is that most enterprises are embarking on a hybrid cloud strategy and programs. In this Power Panel at 15th Cloud Expo (http://www.CloudComputingExpo.com...
Verizon Enterprise Solutions is simplifying the cloud-purchasing experience for its clients, with the launch of Verizon Cloud Marketplace, a key foundational component of the company's robust ecosystem of enterprise-class technologies. The online storefront will initially feature pre-built cloud-based services from AppDynamics, Hitachi Data Systems, Juniper Networks, PfSense and Tervela. Available globally to enterprises using Verizon Cloud, Verizon Cloud Marketplace provides a one-stop shop fo...
Leysin American School is an exclusive, private boarding school located in Leysin, Switzerland. Leysin selected an OpenStack-powered, private cloud as a service to manage multiple applications and provide development environments for students across the institution. Seeking to meet rigid data sovereignty and data integrity requirements while offering flexible, on-demand cloud resources to users, Leysin identified OpenStack as the clear choice to round out the school's cloud strategy. Additional...
The Internet of Things is not new. Historically, smart businesses have used its basic concept of leveraging data to drive better decision making and have capitalized on those insights to realize additional revenue opportunities. So, what has changed to make the Internet of Things one of the hottest topics in tech? In his session at @ThingsExpo, Chris Gray, Director, Embedded and Internet of Things, discussed the underlying factors that are driving the economics of intelligent systems. Discover ...
SYS-CON Media announced today that Aruna Ravichandran, VP of Marketing, Application Performance Management and DevOps at CA Technologies, has joined DevOps Journal’s authors. DevOps Journal is focused on this critical enterprise IT topic in the world of cloud computing. DevOps Journal brings valuable information to DevOps professionals who are transforming the way enterprise IT is done. Aruna's inaugural article "Four Essential Cultural Hacks for DevOps Newbies" discusses how to demonstrate the...
"Our premise is Docker is not enough. That's not a bad thing - we actually love Docker. At ActiveState all our products are based on open source technology and Docker is an up-and-coming piece of open source technology," explained Bart Copeland, President & CEO of ActiveState Software, in this SYS-CON.tv interview at DevOps Summit at Cloud Expo®, held Nov 4-6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
"BSQUARE is in the business of selling software solutions for smart connected devices. It's obvious that IoT has moved from being a technology to being a fundamental part of business, and in the last 18 months people have said let's figure out how to do it and let's put some focus on it, " explained Dave Wagstaff, VP & Chief Architect, at BSQUARE Corporation, in this SYS-CON.tv interview at @ThingsExpo, held Nov 4-6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
The move in recent years to cloud computing services and architectures has added significant pace to the application development and deployment environment. When enterprise IT can spin up large computing instances in just minutes, developers can also design and deploy in small time frames that were unimaginable a few years ago. The consequent move toward lean, agile, and fast development leads to the need for the development and operations sides to work very closely together. Thus, DevOps become...