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Database start-up 10gen plans to hire 60 new employees by the end of 2012 after raising $42 million in new financing in May. The funding was led by New Enterprise Associates and included existing investors Sequoia Capital, Flybridge Capital Partners and Union Square Ventures...

The company plans to hire software engineers with experience in C++, Ruby, Java and C. There will also be openings in sales. The company currently has 160 employees split between New York, Palo Alto, Calif., and Europe.

Mr. Ryan and Dwight Merriman run a start-up factory called AlleyCorp, after Silicon Alley, a nickname given to New York’s answer to Silicon Valley. It has churned out companies that have almost nothing in common, from e-commerce to publishing to database software....10gen, which makes MongoDB, open-source database software that is used by companies like Disney and Foursquare, was valued at $500 million by venture capitalists who invested $50 million in May. These companies contribute to New York’s growing role as an Internet hub, particularly for the new generation of online media and retail companies.

Five years ago the typical database requirement was met by an expert in a well-known relational database technology like Oracle or SQL, and if you talked to people about massively scaled non-structured data they would have thought you were crazy – and yet, here we are. Not only are there new exciting names such as Cloudera Hadoop, or 10gen MongoDB but even larger than the names and types of technology I am listing is the pace of innovation. It requires us to constantly learn something new and unlearn something that can hold us back.

10gen was selected to the AlwaysOn Global 250 Top Private Companies list for 2012, in the "Cloud and Infrastructure" category. Companies are selected for inclusion by the AlwaysOn editorial staff, as well as VCs and industry experts.