Couchbase, provider of a NoSQL database for storing and delivering several kinds of data at scale, announced today a substantial $60 million funding round, one that could help the startup’s technology become more widely used.
With roots in the open-source CouchDB database, Couchbase stores data in JSON documents. This has caught on as an alternative to the relational style of databases that IBM, Oracle, and SAP have employed for decades.
With the new money, Couchbase aims to grasp a larger share of the big data market. Surely other startups pushing NoSQL databases have the same wish.
Investors have been recently lent support to several, including MongoDB, Orchestrate, Redis Labs, and RethinkDB.
June 5th: The AI Audit in NYC
Join us next week in NYC to engage with top executive leaders, delving into strategies for auditing AI models to ensure fairness, optimal performance, and ethical compliance across diverse organizations. Secure your attendance for this exclusive invite-only event.
Couchbase customers include Cisco, eBay, PayPal, Verizon, Viber, and Walmart.
WestSummit and Accel Growth Fund led the new round. All of Couchbase’s previous venture investors, including Ignition Partners, Mayfield Fund, and North Bridge Venture Partners, also participated.
To date, Couchbase has raised $115 million. That figure factors in the $25 million round from last August.
