It’s shaping up to be a big year at Cockroach Labs. We launched CockroachDB 19.1 and improved our ability to serve global businesses including Lush, Bose, and WeWork. We grew to four offices worldwide and surpassed the 100 employee mark. We changed our licensing to simultaneously serve the developer community while growing the company. And today, we’re proud to announce that Cockroach Labs has secured $55 million in Series C funding. The round is led by Altimeter Capital, Tiger Global, and existing investor GV, with additional participation from our existing investors at Benchmark, Index Ventures, Redpoint Ventures, FirstMark Capital, and Work-Bench.
We started our journey to Make Data Easy in 2015. Over the past four years, our roadmap and strategy have evolved in the direction of supporting this mission. This round of funding will help us redouble our efforts on that front. As we work with more and more customers, it’s become clear that making data easy encompasses a larger host of commitments. It means making deployment easy. It means making performance easy. It means making resiliency easy. This funding will allow us to build products that answer those needs, and accelerate our growth in the database space and beyond.
So what can you expect from us in the coming year? We’re sparking conversations about what multi-cloud deployments look like and how to make them work at ESCAPE/19 this October. We’re improving upon our Managed CockroachDB product, which will further enable developers to launch a database without much upfront planning and investment. We’re expanding our distributed team, and are hiring across all departments in the United States and Europe.
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