WestSummit, Accel lead $60m round for database technology company Couchbase


couchbaseWestSummit and Accel Growth Fund have led a $60m Series E round for Couchbase, bringing the NoSQL database provider’s fundraising total $115m.

The company said that operational data management segment of big data is starting to accelerate at a much faster pace, driven by large enterprise adoption of NoSQL.

According to IDC, the big data market will reached $16.1bn in 2014, growing six times faster than the IT market.

Couchbase said that its main product, Couchbase Server, delivers the simplicity of a key value database, the flexibility of a document database and the read speed of an in-memory database.

Accel partner Kevin Efrusy said, “Accel is interested in finding the leaders for the big data market. Couchbase is in a great position to disrupt the database market. It is building momentum with Oracle replacements and demonstrating continued competitive success over other NoSQL vendors.

The company raised its $25m Series D in August last year with Accel Partners, Mayfield Fund, Ignition Partners and North Bridge Venture Partners participating in the round, which was led by Adams street Partners.

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