Cockroach Labs, a New York-based software firm that builds a cloud-based SQL database known as CockroachDB for modern cloud applications, has secured US$ 278 million in a Series F funding round led by Greenoaks on 16 December 2021.
Investors: The latest investment round featured Greenoaks as the lead investor with participation from Redpoint, Tiger Global Management, Index Ventures, GV, Firstmark, Coatue, Bond, JPMorgan Chase & Co., Benchmark and others. The startup has managed to raise, in total, US$ 633 million to date.
Purpose of the funding: The firm seeks to deploy the proceeds from the investment round towards meeting its planned investments for the progress of its rapidly-growing and innovative cloud database and continued growth of customer base and expand into new markets.
About Cockroach Labs
Brought to existence in 2015 by Benjamin Darnell, Spencer Kimball and Peter Mattis, CockroachDB aids businesses and the apps they develop to scale rapidly, endure failures, survive and prosper everywhere. It has become the preferred choice to cater to the evolving requirements of most innovative development teams, from the smallest firm to the biggest giant and every other firm in between. The company has entered into collaborations with AWS and Google, two of the biggest cloud providers. It has emerged as Google Cloud Run’s premier database partner. CockroachDB, employed across all domains, includes several recognized corporations in media and entertainment, retail, technology and banking.
What the Founder has to say: “We are on the brink of undergoing a fundamental shift in the industry. We are witnessing a shift in market behaviour to a cloud-first mentality as businesses are developing innovative and complex data-enabled applications, and on-demand services have become essential for businesses. CockroachDB was developed on purpose to cater to this new world. Our exponential growth in the last few years is a testimony to our emergence as a leader in the market.”- Spencer Kimball, CEO and Co-Founder of Cockroach Labs.
What the Investor has to say: “We have been supporting Cockroach Labs since 2015 as we have faith in the firm’s vision and leadership team to develop a new database for a cloud-first world. We have strongly believed that a distributed and elastic database would be priceless for companies of all sizes in the last six years. This faith has now transformed into a reality. We are exhilarated to witness Cockroach Labs’ prominence and future growth in the market.”- Peter Fenton, General Partner at Benchmark.
For more extensive analysis and Market Intelligence reports feel free to approach us or visit our website: Venture Capital Market Intelligence Reports | VCBay.
We try our best to fact check and bring the best, well-researched and non-plagiarized content to you. Please let us know
-if there are any discrepancies in any of our published stories,
-how we can improve,
-what stories you would like us to cover and what information you are looking for, in the comments section below or through our contact form! We look forward to your feedback and thank you for stopping by!
Next Article
