by Angela Guess
NoSQL leader Couchbase has raised $14 million in Series C funding, a recent announcement reports. The round of financing was “led by venture capital firm Ignition Partners with participation from the company’s existing investors Accel Partners, Mayfield Fund, and North Bridge Venture Partners. The company has also reserved an additional $1 million for investment from strategic customers and partners. The new funding will be used to further invest in NoSQL product development, support the adoption and growth of Couchbase in enterprise organizations, and support international expansion.”
Bob Wiederhold, CEO of Couchbase stated, “Since the merger that formed Couchbase earlier this year, the adoption and production deployments of Couchbase technology have been very strong and accelerating… With the recent release of Couchbase Server 2.0, our groundbreaking NoSQL solution, we expect our business to accelerate even further. The additional financing gives us the ability to invest more aggressively in this rapidly growing market and continue to anticipate and meet the needs of customers who rely on Couchbase NoSQL technology.”
photo credit: Couchbase
