Welcome!

Eclipse Authors: Liz McMillan, Elizabeth White, XebiaLabs Blog, Ken Fogel, Sematext Blog

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.

@ThingsExpo Stories
Basho Technologies has announced the latest release of Basho Riak TS, version 1.3. Riak TS is an enterprise-grade NoSQL database optimized for Internet of Things (IoT). The open source version enables developers to download the software for free and use it in production as well as make contributions to the code and develop applications around Riak TS. Enhancements to Riak TS make it quick, easy and cost-effective to spin up an instance to test new ideas and build IoT applications. In addition to...
Identity is in everything and customers are looking to their providers to ensure the security of their identities, transactions and data. With the increased reliance on cloud-based services, service providers must build security and trust into their offerings, adding value to customers and improving the user experience. Making identity, security and privacy easy for customers provides a unique advantage over the competition.
"We've discovered that after shows 80% if leads that people get, 80% of the conversations end up on the show floor, meaning people forget about it, people forget who they talk to, people forget that there are actual business opportunities to be had here so we try to help out and keep the conversations going," explained Jeff Mesnik, Founder and President of ContentMX, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
"There's a growing demand from users for things to be faster. When you think about all the transactions or interactions users will have with your product and everything that is between those transactions and interactions - what drives us at Catchpoint Systems is the idea to measure that and to analyze it," explained Leo Vasiliou, Director of Web Performance Engineering at Catchpoint Systems, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York Ci...
Internet of @ThingsExpo, taking place November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with the 19th International Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world and ThingsExpo Silicon Valley Call for Papers is now open.
I wanted to gather all of my Internet of Things (IOT) blogs into a single blog (that I could later use with my University of San Francisco (USF) Big Data “MBA” course). However as I started to pull these blogs together, I realized that my IOT discussion lacked a vision; it lacked an end point towards which an organization could drive their IOT envisioning, proof of value, app dev, data engineering and data science efforts. And I think that the IOT end point is really quite simple…
"My role is working with customers, helping them go through this digital transformation. I spend a lot of time talking to banks, big industries, manufacturers working through how they are integrating and transforming their IT platforms and moving them forward," explained William Morrish, General Manager Product Sales at Interoute, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
You think you know what’s in your data. But do you? Most organizations are now aware of the business intelligence represented by their data. Data science stands to take this to a level you never thought of – literally. The techniques of data science, when used with the capabilities of Big Data technologies, can make connections you had not yet imagined, helping you discover new insights and ask new questions of your data. In his session at @ThingsExpo, Sarbjit Sarkaria, data science team lead ...
Extracting business value from Internet of Things (IoT) data doesn’t happen overnight. There are several requirements that must be satisfied, including IoT device enablement, data analysis, real-time detection of complex events and automated orchestration of actions. Unfortunately, too many companies fall short in achieving their business goals by implementing incomplete solutions or not focusing on tangible use cases. In his general session at @ThingsExpo, Dave McCarthy, Director of Products...
WebRTC is bringing significant change to the communications landscape that will bridge the worlds of web and telephony, making the Internet the new standard for communications. Cloud9 took the road less traveled and used WebRTC to create a downloadable enterprise-grade communications platform that is changing the communication dynamic in the financial sector. In his session at @ThingsExpo, Leo Papadopoulos, CTO of Cloud9, discussed the importance of WebRTC and how it enables companies to focus...
Verizon Communications Inc. (NYSE, Nasdaq: VZ) and Yahoo! Inc. (Nasdaq: YHOO) have entered into a definitive agreement under which Verizon will acquire Yahoo's operating business for approximately $4.83 billion in cash, subject to customary closing adjustments. Yahoo informs, connects and entertains a global audience of more than 1 billion monthly active users** -- including 600 million monthly active mobile users*** through its search, communications and digital content products. Yahoo also co...
A critical component of any IoT project is what to do with all the data being generated. This data needs to be captured, processed, structured, and stored in a way to facilitate different kinds of queries. Traditional data warehouse and analytical systems are mature technologies that can be used to handle certain kinds of queries, but they are not always well suited to many problems, particularly when there is a need for real-time insights.
Amazon has gradually rolled out parts of its IoT offerings in the last year, but these are just the tip of the iceberg. In addition to optimizing their back-end AWS offerings, Amazon is laying the ground work to be a major force in IoT – especially in the connected home and office. Amazon is extending its reach by building on its dominant Cloud IoT platform, its Dash Button strategy, recently announced Replenishment Services, the Echo/Alexa voice recognition control platform, the 6-7 strategic...
The best-practices for building IoT applications with Go Code that attendees can use to build their own IoT applications. In his session at @ThingsExpo, Indraneel Mitra, Senior Solutions Architect & Technology Evangelist at Cognizant, provided valuable information and resources for both novice and experienced developers on how to get started with IoT and Golang in a day. He also provided information on how to use Intel Arduino Kit, Go Robotics API and AWS IoT stack to build an application tha...
IoT generates lots of temporal data. But how do you unlock its value? You need to discover patterns that are repeatable in vast quantities of data, understand their meaning, and implement scalable monitoring across multiple data streams in order to monetize the discoveries and insights. Motif discovery and deep learning platforms are emerging to visualize sensor data, to search for patterns and to build application that can monitor real time streams efficiently. In his session at @ThingsExpo, ...
SYS-CON Events announced today that LeaseWeb USA, a cloud Infrastructure-as-a-Service (IaaS) provider, will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. LeaseWeb is one of the world's largest hosting brands. The company helps customers define, develop and deploy IT infrastructure tailored to their exact business needs, by combining various kinds cloud solutions.
SYS-CON Events announced today that 910Telecom will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Housed in the classic Denver Gas & Electric Building, 910 15th St., 910Telecom is a carrier-neutral telecom hotel located in the heart of Denver. Adjacent to CenturyLink, AT&T, and Denver Main, 910Telecom offers connectivity to all major carriers, Internet service providers, Internet backbones and ...
Big Data, cloud, analytics, contextual information, wearable tech, sensors, mobility, and WebRTC: together, these advances have created a perfect storm of technologies that are disrupting and transforming classic communications models and ecosystems. In his session at @ThingsExpo, Erik Perotti, Senior Manager of New Ventures on Plantronics’ Innovation team, provided an overview of this technological shift, including associated business and consumer communications impacts, and opportunities it ...
SYS-CON Events announced today that Venafi, the Immune System for the Internet™ and the leading provider of Next Generation Trust Protection, will exhibit at @DevOpsSummit at 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Venafi is the Immune System for the Internet™ that protects the foundation of all cybersecurity – cryptographic keys and digital certificates – so they can’t be misused by bad guys in attacks...
It’s 2016: buildings are smart, connected and the IoT is fundamentally altering how control and operating systems work and speak to each other. Platforms across the enterprise are networked via inexpensive sensors to collect massive amounts of data for analytics, information management, and insights that can be used to continuously improve operations. In his session at @ThingsExpo, Brian Chemel, Co-Founder and CTO of Digital Lumens, will explore: The benefits sensor-networked systems bring to ...