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    • Source: MongoDB Inc.

      • MongoDB, Inc. is an American software company that develops and provides commercial support for the source-available database engine MongoDB, a NoSQL database that stores data in JSON-like documents with flexible schemas. MongoDB, Inc. is a member of the MACH Alliance.


      History


      The company was first established in 2007 as 10gen. Based in New York City, 10gen was founded by former DoubleClick founder and CTO Dwight Merriman and former DoubleClick CEO and Gilt Groupe founder Kevin P. Ryan with former DoubleClick engineer and ShopWiki founder and CTO Eliot Horowitz and received $81 million in venture capital funding from Flybridge Capital Partners, In-Q-Tel, Intel Capital, New Enterprise Associates (NEA), Red Hat, Sequoia Capital, and Union Square Ventures. 10gen originally aimed to build a platform as a service architecture based entirely on open source components; however, the company was unable to find an existing database platform that met their "principles" for a cloud architecture. As a result, the company began to develop a document-oriented database system it called MongoDB. After realizing the potential of the software on its own, 10gen's team decided to scrap its cloud platform and focus on maintaining MongoDB instead. In February 2009, 10gen released MongoDB as an open source project. 10gen opened its first west coast office in August 2010, having offices in Palo Alto, Reston, London, Dublin, Barcelona, and Sydney by 2012.
      In September 2012, 10gen was in The Wall Street Journal's The Next Big Thing 2012.
      On August 27, 2013, 10gen announced that it would change its name to MongoDB Inc., associating itself more closely with what became its flagship products.
      On August 5, 2014, Dev Ittycheria was appointed president and chief executive officer.
      By 2017, MongoDB had raised $311 million in funding from venture capitalists. MongoDB filed for an initial public offering on September 21, 2017 and went public on NASDAQ that October 20th. It raised $192 million, valuing the company at $1.6 billion overall. Its market capitalization varied greatly afterwards, reaching $39 billion in 2021 and coming back down to $10 billion by 2024.
      MongoDB acquired database engine company WiredTiger in 2014, followed by database-as-a-service company MLab for $68 million in 2018. The following year, in 2019, MongoDB acquired a mobile-focused database company called Realm for $39 million.
      A secondary public offering was held on June 29, 2021. In 2022, MongoDB established its own venture capital fund.


      CIA backing concern


      MongoDB Inc., then known as 10gen, has received funding from the U.S. Government through the CIA-sponsored venture capital arm In-Q-Tel. This has been a source of concern in India.


      References




      External links


      Official website
      Business data for MongoDB, Inc.:

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