Cockroach Labs, provider of the distributed SQL database CockroachDB, is receiving $55 million in series C funding, enabling the company to further grow CockroachDB.
The round is led by Altimeter Capital, Tiger Global, and existing investor GV, with participation from existing investors Benchmark, Index Ventures, Redpoint Ventures, FirstMark Capital, and Work-Bench, and brings Cockroach Labs’ total funding to $108.5 million.
This financing will be used to continue building a suite of products and services that ease the pains of managing global data, including development on the database-as-a-service Managed CockroachDB.
"As organizations transition to the cloud, they eventually find that legacy relational databases are difficult to scale, inflexible to deploy, and fail to take full advantage of modern cloud capabilities,” said Spencer Kimball, CEO and co-founder. "This funding will accelerate our growth within and well beyond the database space, paving the way for CockroachDB to become the preferred platform for global enterprises.”
The company’s flagship product, CockroachDB, is a geo-distributed SQL database that ensures both high availability and redundancy in case of an outage, guaranteeing optimal performance and business continuity.
CockroachDB’s unique ability to localize data within availability zones allows global businesses to provide every customer with a local experience while ensuring regulatory compliance, an increasing concern for companies as international data localization laws evolve.
Since its founding in 2015, Cockroach Labs has developed an ardent following among database administrators, chief architects, developers, and academics by offering a source-available product that is geo-distributed, cloud-native, and speaks SQL.
Cockroach Labs currently employs more than 100 people across four offices in the United States and Europe.
For more information about this news, visit www.cockroachlabs.com.