NoSQL Strikes again. Looks like this new, non-relational database technology has come onto the technology market strongly for its features and inherent advantages. It’s good to see some product diversification on the software market. It keeps everyone on the alert and makes for incentive-based efforts to innovate and improve what’s already out there in an effort to compete.
Open Source Database Company 10Gen Raises $42 Million Round
10gen, creator of the open source MongoDB database software, this morning said it has raised $42 million in new capital in a venture round led byNew Enterprise Associates. Also participating in the deal are existing investors Sequoia Capital, Flybridge Capital and Union Square Ventures. The company has now raised more than $73 million in venture capital since inception. (read more)
Not bad for a plucky “little” open source project…
