Couchbase raises $105M Series G funding round

Couchbase raises $105M Series G funding round

Couchbase, the Santa Clara-based company behind the eponymous NoSQL cloud database service, today revealed that it has actually raised a $105 million all-equity Series G round “to expand product development and international go-to-market capabilities.” The oversubscribed round was led by GPI Capital, with participation from existing investors Accel, Sorenson Capital, North Bridge Venture Partners, Glynn Capital, […] With this, the company has now raised an overall of$251 million, according to Crunchbase. Couchbase likewise today announced that, over the course of the last financial year, it saw 70% total agreement value growth, more than 50% brand-new service development and over 35% development in average subscription deal size.”To be competitive today, enterprises should change digitally, and use innovation to get closer to their customers and enhance the performance of their workforces,” Couchbase President and CEO Matt Cain said in today’s statement. One function that has always made Couchbase stand out is Couchbase Mobile, which extends the service to the cloud.”We are delighted to partner with Couchbase and view Couchbase Server’s highly performant, dispersed architecture as purpose-built to support mission-critical usage cases at scale,” stated Alex Migon, a partner at GPI Capital and a brand-new member of the business’s board of directors….