Performance and scalability are table stakes in the big-data market. To stand out, products and vendors have to offer something more. For MongoDB, that something extra is ease of use and speed of development, according to 10Gen, the company that developed the NoSQL database, and it says these qualities have put the product at the head of the pack in a fast-growing market.
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A growing need for flexible databases has brought 10gen Inc. a fresh $42 million in financing. New Enterprise Associates led the New York-based company's Series E round, which also included participation from existing investors Flybridge Capital Partners, Sequoia Capital and Union Square Ventures.
10gen, the creator and commercial entity behind the popular MongoDB database, has raised another $42 million and wants to take the technology to an application near you. New Enterprise Associates led the round, with 10gen’s existing investors also participating. The round brings 10gen’s total funding to $73 million, which should help 10gen double down on research and development so it can cement MongoDB as the NoSQL database of choice for businesses of all types and maybe even make it a household name.
If you aren't paying attention to a market called big data—and in particular a company called 10gen—then wake up! The company wouldn't comment publicly on the valuation but does see itself "building a Red Hat-type of company" in the database market. This is upwards of a $1 billion opportunity," says 10gen president Max Schireson. (Schireson hails from MarkLogic and Oracle).
If you had any doubt that the Big Data and NoSQL database market continue to remain red hot, look no further than today's announcement that 10gen, makers of the open source MongoDB, raised a staggering $42 million.
Sequoia Capital’s Luis Robles says 10gen “is going to be a winner in the noSQL space, and the database market in general." Millions of downloads and thousands of production deployments are evidence that 10Gen is emerging as a market leader in the big data ecosystem.
Business Intelligence player Pentaho and MongoDB developer 10gen have announced native integration between their respective products.
My first job was in portfolio management at HSBC. I made the move into IT when I started in B2B hardware sales for manufacturer Evesham Technology. I like to think that I’ve been part of the open-source revolution for a few years now, bringing a more ethical structure to the world of technology than the old proprietary systems did.
Mongo is the SF architect’s default database choice, and not surprisingly its trending heavily on Indeed.com. Other NoSQL technologies are seeing similar growth- interestingly Jan 2010 seems to have been the trigger when NoSQL become a significant job trend. The graph below isn’t a scientific or comprehensive list of NoSQL technologies- I just thought it made the point about the date inflexion point. Anyone know what happened that month to kick things off? I should also dig in on location – to see where these Mongo jobs are.