MongoDB 10gen Gets Endorsement & Strategic Investment from Intel Capital and Red Hat
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 released research that show that Mongo is growing more popular than Hadoop. See our TrendConnect research at the bottom of this post for that data.
According to the 10gen they will use the funds to further invest in product development for MongoDB and to better support its rapidly growing community and user base worldwide. The funding agreement marks Intel Capital’s first investment in the NoSQL market, and for Red Hat, expands the technical and go-to-market collaboration that exists between the two companies.
“We are pleased to welcome Intel Capital and Red Hat as strategic investors,” said Max Schireson, president of 10gen. “We look forward to our new relationship with Intel Capital and to collaborating more closely with Red Hat to better enable and support our joint customers with integrated solutions and technologies.”
Note: If you’re interested in our new SiliconANGLE Wikibon Research Report in Big Data see the sample report for our service TrendConnect. For more comprehensive information goto Wikibon.org/BigData for all the latest cutting edge info on this growing segment.
MongoDB bridges the gap between relational database management systems (RDBMS) and key-value stores — instead of storing data in tables and rows, MongoDB stores data in documents with dynamic schemas. Thousands of organizations of all sizes are using MongoDB for a range of scenarios including operational intelligence, content management, product data management, high volume data feeds, user data management, Hadoop and more.
Commenting on the investment, Lisa Lambert, vice president of Intel Capital and managing director of the Software and Services sector, said: “The NoSQL marketplace has gone through a huge transformation from a community driven market to running production systems for some of the world’s largest infrastructures. With its agile, scalable technology, 10gen is uniquely positioned to take advantage of growing enterprise demand for a high performance data store. We look forward to collaborating with 10gen and helping accelerate penetration of MongoDB on Intel Architecture across enterprises worldwide.”
Here is my interview with the president of 10gen Max Schireson on SiliconANGLE TV at Oracle Openworld 2012
Breaking Analysis – MyAngle:
10gen is doing very well as a company and they have had zero money problems so this financing is just a topping off the tank with strategic money from partners who care about the future of big data – Intel and Red Hat. Intel cares because Big Data has created more demand for more “cores” or compute across all parts of the network. Red Hat cares because open source platforms really matter.
10gen is growing extremely fast and is making a name for itself as easy to use software for developers. Over the past year they had about 25 employees now they have 175 people. They recently added Ed Albanese and Matt Asay two strong executives to take 10gen to the next level.
MongoDB and 10gen’s biggest challenge is to scale and mature the operations of a hypergrowth startup. Revenue growth is doing extremely well according to the President Max Schireson. They have evolved their business from the “cool” web companies to big banks and enterprises. MongoDB is a direct competitor toward Hadoop and other unstructured environments. In particular, LAMP stack developers love MongoDB for the simplicity while others criticize that MongoDB is not scalable.
We are fans of MongoDB because they hit a nice market segment with a simple and ease to use product. They are based in Palo Alto, California. Investors include: Sequoia, Union Square, NEA, Flybridge, and now Intel Capital, Red Hat.
If you’re interested in our new SiliconANGLE Wikibon Research Report in Big Data see the sample report for our service TrendConnect. For more comprehensive information goto Wikibon.org/BigData for all the latest cutting edge info on this growing segment.
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