10gen, the company behind the popular MongoDB database, has netted an undisclosed amount of new money from blue chip investors Intel and Red Hat. 10gen CEO Dwight Merriman would not comment on the amount of this strategic investment other than to say it’s “smaller than the last round.” But, he noted that the very fact that industry powers like Intel and Red Hat are backing MongoDB means that “NoSQL is not a niche, it’s going to be widely used … Mongo and NOSQL are a big part of cloud databases, which Intel cares about … and it’s the most popular NoSQL product.”
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SOFTWARE DEVELOPER 10 Gen has announced funding from Intel and Red Hat to support its growing MongoDB operations.
10 Gen has developed significant interest with its main NoSQL product, MongoDB. That success has resulted in the firm gaining funding from Intel Capital and Red Hat in order to support the MongoDB community, though it wouldn't reveal the size of the investment.
With 10 Gen's MongoDB being one of the most visible NoSQL products on the market, the firm has been slowly building up its presence in the traditionally conservative database market that is dominated by IBM Oracle. Unlike Oracle's relational databases that use columns and rows to store data, NoSQL databases treat data as objects, each with its own schema.
10gen, the company that started the MongoDB project, has just announced it received a strategic investment from two significant technology groups: Intel Capital and Red Hat.
With these funds, the company said it would use the funds to further develop its product while supporting its community and user base. Furthermore, the new investors are significant because it marks Intel Capital’s first investment in the NoSQL market while furthering the collaboration between RedHat and 10gen.
With 500 paying customers, the company has seen some advancement in the NoSQL marketplace and with adoption of MongoDB, an alternative platform to traditional relational databases that claims to offer much better agility and vertical scalability. Max Schireson, president of 10gen, said that his company is seeing a rapid expansion from its initial customer set from the likes of Shutterfly and Foursquare to more prominent ones like Craigslist and eBay, in addition to banks, telecommunication firms, health organizations, and more.
Database startup 10gen just signed up Red Hat, the open-source software company, and Intel, the chipmaker, as investors, the startup announced today.
10gen makes MongoDB, a relatively new kind of database known as NoSQL. NoSQL's name contrasts it to SQL, a language used to access conventional structured databases.
NoSQL is one of the hottest new things to hit the enterprise and Web apps. It lets applications easily scoop up and analyze massive amounts of information from all sorts of sources using low-cost servers—which makes it well-suited to so-called "big data" problems.
Big Data is smoking hot. Today, 10Gen the company behind the commercialization of MongoDB,announced a strategic investment from Intel Capital and Red Hat. MongoDB is part of the database wars we are seeing in the Big Data space. SiliconANGLE and Wikibon have been released research that Mongo is growing in popularity than Hadoop.
Daily updates on local executives on the move. Column includes head shots and biographies.
In the past few years, New York City has become a tech hotspot. And while it hasn't had any LinkedIn or Facebook-size exits, it has produced a few IPOs and near-billion-dollar acquisitions.
It's become the home to some of tech's most promising new companies, from Etsy to Makerbot to Kickstarter. Early stage investors like David Tisch, Joshua Kushner, First Round Capital, and Lerer Ventures are playing a large part in helping fuel the fire.
All in, it's been a great year for New York Tech. So we created the Silicon Alley 100 to celebrate people who did the coolest things in 2012. And this year, the list is ranked.
#20 Dwight Merriman, Eliot Horowitz
Like many people, I cheer any sign of Oracle's downfall and chuckle at the thought of Larry Ellison having some misadventure on the high seas. Who doesn't? But the sad fact is that, despite all the buildup, NoSQL and big data do not threaten Oracle or the RDBMS paradigm in the near term.
On the other hand, there's a decent chance NoSQL will take a big bite out of Oracle RAC (Real Application Clusters). Here's why.
10gen, the company behind MongoDB, the NoSQL database used by companies from Craigslist to Foursquare to Disney to Thrillist, is adding some serious enterprise and open-source software talent to its executive roster to help build momentum worldwide. The new faces include Ed Albanese, who headed business development for super-hot Hadoop startup Cloudera and is now VP of business development for 10gen. Albanese also spent time at VMware, Microsoft and Keane.