Provider of a Database-as-a-Service platform intended to offer cloud database services. The company's Database-as-a-Service platform automated provisioning and scaling of MongoDB databases, backup and recovery, 24/7 monitoring and alerting, web-based management tools, and expert support, enabling businesses to developers to focus their attention on product development instead of operations.
Generating Revenue
Privately Held (backing)
Pending Transaction (M&A)
The company reached a definitive agreement to be acquired by MongoDB (NAS: MDB) for $68 million on October 9, 2018. Earlier, the company raised $5 million of Series B venture funding from undisclosed investors on November 29, 2012, putting the company's pre-money valuation at $19.5 million.
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