Company behind cloud-native DB munches up $273m in new funding
Cockroach Labs, the unfortunately named firm behind the distributed RDBMS CockroachDB, is ending the year as it began – with a massive inhalation of investor cash. Merely a twinkle in the eye of Google engineers a decade ago, the self-proclaimed cloud-native distributed SQL database biz has hit a nominal $5bn valuation with a $273m funding round. Series F was led by Greenoaks with participation from Altimeter, BOND, Benchmark, Coatue, FirstMark, GV, Index Ventures, Lone Pine Capital, Redpoint, and Tiger Global. It brings Cockroach Labs’ total funding to date to $628.1m. With customers including Comcast, eBay, and Nubank, Cockroach Labs has tripled its annual recurring revenue in the last year, seeing a 500 per cent growth in cloud revenue in the last quarter as customers shifted spending to the transactional database-as-a-service.
