Couchbase completes $105m funding to fuel cloud innovation

Couchbase has completed a $105 million all-equity Series G round of fundraising.

The round was led by GPI Capital and also included existing investors Accel, Sorenson Capital, North Bridge Venture Partners, Glynn Capital, Adams Street Partners and Mayfield.

Proceeds from this financing will be used to expand product development and global go-to-market capabilities.

More than 500 enterprises - including American Express, Cisco, Sky, Disney, LinkedIn and Tesco - rely on the Couchbase NoSQL database.

The company said it will complement feature development in its server and mobile database platform with Couchbase Cloud, a fully managed Database-as-a-Service offering.

“To be competitive today, enterprises must transform digitally and use technology to get closer to their customers and improve the productivity of their workforces," said president and chief executive Matt Cain.

"To do so, they require a cloud-native database built specifically to support modern web, mobile and Internet of Things applications - developers and enterprise architects rely on Couchbase to enable agile application development on a platform that performs at scale, from the public cloud to the edge, and provides operational simplicity and reliability."

He added: "Completing this funding round in the current climate is a testament to the importance of modern databases and the relevance of Couchbase as we continue our path to becoming a large, public company.”

Alex Migon, partner of GPI Capital and new member of the company’s board of directors, stated: “Couchbase has developed a truly enterprise grade product, with leading support for cutting-edge application development and deployment needs - we are thrilled to contribute to the next stage of the company’s growth.”

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