November 14, 2012

Intel Capital And Red Hat Invest In 10Gen, Bringing Total To $76M For The NoSQL Database Company

Intel Capital and Red Hat have invested in 10Gen bringing the total raised by the company to $76 million. 10Gen is the sponsor for MongoDB, the popular open source NoSQL database.

An exact amount of the investment was not disclosed, but according to CrunchBase and other sources, 10Gen had raised $73.4 million prior to todayâs news. That would peg this new investment at $2.6 million between the two companies. In May of this year, New Enterprise Associates led a $42 million round with existing investors. In-Q-Tel followed in September with an undisclosed round.

The Series E investment will go toward product development and worldwide community development.

Read more at TechCrunch
Click Here!