Super-resilient database provider Cockroach Labs Inc. says it’s now worth $5 billion after closing on a bumper $278 million late-stage funding round today led by Greenoaks.

Altimeter, BOND, Benchmark, Coatue, FirstMark, GV, Index Ventures, Lone Pine Capital, Redpoint, and Tiger Global also participated in the Series F round, bringing Cockroach Labs’ total amount raised to date to $633 million.

Cockroach Labs is the creator of the open-source CockroachDB, a cloud-native Structured Query Language database that’s noted for its high resiliency and its compatibility with Kubernetes, which is open-source software used to manage modern, container-based applications. The name is a nod to CockroachDB’s resilience, with the company claiming the database will remain accessible even in the event of a major technical malfunction, such as if an entire rack of servers inside a data center goes offline.

The key to CockroachDB’s high resilience is its distributed architecture. Deployments consist of multiple small database instances as opposed to one centralized operation. Those instances are spread across multiple locations to ensure no disruption.

As a result, if one instance does go offline for whatever reason, user requests are rerouted to another. CockroachDB also adds a second feature called multi-active availability, which helps prevent data accuracy errors that may occur when a malfunctioning database instance is repaired and reconnected to the rest of the deployment.

Cockroach Labs offers three flavors of its database. These include CockroachDB Self-hosted, CockroachDB Dedicated and CockroachDB Serverless. There’s also a managed option called CockroachCloud, which provides CockroachDB-as-a-service on Amazon Web Services and Google Cloud.

Cockroach Labs explained it was able to raise such a big round thanks to the tremendous growth it has enjoyed. Over the last year, the company reckons it has tripled its annual recurring revenue, with cloud revenues growing more than 500% in the last quarter alone, though it didn’t provide specific numbers.

Now with more than 200 paying customers, half of those are said to run their applications on the CockroachDB Dedicated fully managed service. Meanwhile, CockroachDB Serverless, launched earlier this year, has added more than 10,000 new users to the platform.

The fast growth of CockroachDB means it has a strong opportunity to capture a database management systems software market that’s expected to be worth $104.5 billion by 2025, according to forecast by International Data Corp.

Some of Cockroach Lab’s biggest new customers include Comcast Corp., eBay Inc., Nubank (Nu Pagamentos S.A.), Devsisters Corp., Norfolk Southern Corp. and Starburst Data Inc.

Another new customer is Mythical Games Inc., which said it chose CockroachDB because it needed a database that was highly performant and always accessible to its online universe of videogame players.

“There is no room for downtime or degradation when supporting multiple game titles across many studios,” said Chris Downs, Mythical Games’ co-founder and director of site reliability engineering. “With its zero-downtime upgrades and scaling, easy to use multiregion configuration and excellent support team, CockroachDB helps us accomplish all of the above — keeping data close to the players while being highly available and able to scale transparently.”

Cockroach Labs co-founder and Chief Executive Spencer Kimball said people today require always-on and near-instantaneous experiences from any location on the planet. “Meeting those expectations requires a more resilient, scalable, geographically distributed data platform,”he added.

Cockroach Labs will use today’s funding to continue expanding, by investing in its platform and by hiring across all of its teams.

Image: Cockroach Labs