Sunday, January 17, 2021

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Cockroach Labs: Raises $160M in Funding; Valued at $2 Billion

  • 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

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