- Cockroach Labs, the NYC-based company behind CockroachDB, the leading cloud-native distributed SQL database, raised $160m in funding
- The round, which brings Cockroach Labs total funding to $355m at a valuation of $2 billion, was-led by Altimeter Capital
- The company also intends to use the funds to expand operations, business reach and develop the product
- CockroachDB also provides organizations both large and small with a transactional database with a cloud-native, distributed SQL architecture, multi-cloud flexibility
- It is used by enterprises in areas including communications, gaming and entertainment, e-commerce, and financial services
- The list includes Equifax, Bose, Comcast, among others
