Cockroach Labs, a New York-based company behind the leading cloud-native distributed SQL database CockroachDB, announced its Series F for $278 million in new funding at a valuation of $5 billion.
The investment round was led by Greenoaks, with participation from Altimeter, BOND, Benchmark, Coatue, FirstMark, GV, Index Ventures, J.P. Morgan, Lone Pine Capital, Redpoint Ventures, and Tiger Global.
This round brings Cockroach Labs' total funding to $633 million. The funds will be used to support Cockroach Labs' ongoing investments in the development of their innovative and fast-growing cloud database as well as its continued customer growth and expansion into new markets.
This latest funding and significant valuation reflect Cockroach Labs’ accelerated growth and the massive opportunity for the company to become a leader in the emerging cloud database-as-a-service market.
Company: Cockroach Labs
Raised: $278.0M
Round: Series F
Funding Month: December 2021
Lead Investors: Greenoaks
Additional Investors: Altimeter, BOND, Benchmark, Coatue, FirstMark, GV, Index Ventures, J.P. Morgan, Lone Pine Capital, Redpoint Ventures, and Tiger Global
Company Website: https://www.cockroachlabs.com/
Software Category: cloud database-as-a-service
About the Company: Cockroach Labs is the creator of CockroachDB, the most highly evolved, cloud-native, distributed SQL database on the planet. Helping companies of all sizes — and the apps they develop — to scale fast, survive failures, and thrive everywhere. CockroachDB is in use at some of the world’s largest enterprises across all industries, including some of the most recognized companies in banking, media & entertainment, retail, and technology. Headquartered in New York City, Cockroach Labs is backed by Altimeter, Benchmark, Greenoaks, GV, Firstmark, Index Ventures, Lone Pine, Redpoint Ventures, Sequoia Capital, Tiger Global, and Workbench.
Source: https://www.cockroachlabs.com/news/press-release-series-f-funding/