Couchbase raises $60 million in funding
Couchbase has raised $60 million in a new round of funding from new investors like WestSummit and Accel Growth Fund. Couchbase plans to use the funding to expand internationally and continue R&D activities. Couchbase is an operational data management company that is led by chief executive Bob Wiederhold.
“You have huge numbers of simultaneous users of your applications so you’ve got huge numbers of database operations that a database needs to support,” said Wiederhold. Couchbase has the ability to scale up to meet new demand as the distributed databases. Couchbase will focus on the rollout of its mobile technologies, which launched in May. The mobile database that Couchbase is now selling into the market enables applications on a mobile device to work even when they are not connected to the Internet.
WestSummit co-founder and managing partner Raymond Yang will be joining a seat on the Couchbase board of directors. Couchbase has raised over $100 million to data from investors like Accel Partners, Mayfield Fund, North Bridge Venture Partners, Ignition Partners, and Adams Street Partners.