MongoDB, Inc. is an American software company that develops and provides commercial support for the source-available database engine MongoDB, a database for unstructured data.[2] Over the years, the company has expanded the product from its NoSQL roots to have broader appeal to enterprise customers, such as adding ACID and transactions.[3]
 MongoDB's office in Palo Alto, California | |
| Formerly | 10gen, Inc. (2007–2013) |
|---|---|
| Company type | Public |
| |
| Industry | Software |
| Founded | 2007 |
| Founders | |
| Headquarters | Paramount Plaza New York City, U.S. |
Area served | Worldwide |
Key people |
|
| Products | MongoDB |
| Revenue |  US$2.01?billion (2025) |
 US$?216?million (2025) | |
| US$?129?million (2025) | |
| Total assets | US$3.43?billion (2025) |
| Total equity | US$2.78?billion (2025) |
Number of employees | 5,558 (2025) |
| Website | mongodb |
| Footnotes?/ references Financials as of January?31, 2025[update].[1] | |
In 2016, the company introduced a SaaS version of the product, called Atlas.[4] As of 2024[update] there are 50,000 MongoDB customers.[5]
In 2018, the company abandoned AGPL licensing of its product and in its stead introduced the Server Side Public License, which is not OSI-approved.[5]
MongoDB, Inc. is a member of the MACH Alliance.[6]
History
editThe company was first established in 2007 as 10gen. Based in New York City, 10gen was founded by former DoubleClick founder and CTO Dwight Merriman and former DoubleClick CEO and Gilt Groupe founder Kevin P. Ryan with former DoubleClick engineer and ShopWiki founder and CTO Eliot Horowitz and received $81 million in venture capital funding from Flybridge Capital Partners, In-Q-Tel, Intel Capital, New Enterprise Associates (NEA), Red Hat, Sequoia Capital, and Union Square Ventures.[7][8][9] 10gen originally aimed to build a platform as a service architecture based entirely on open source components; however, the company was unable to find an existing database platform that met their principles for a cloud architecture. As a result, the company began to develop a document-oriented database system it called MongoDB. After realizing the potential of the software on its own, 10gen's team decided to scrap its cloud platform and focus on maintaining MongoDB instead.[10] In February 2009, 10gen released MongoDB as an open source project.[11] 10gen opened its first west coast office in August 2010,[12] having offices in Palo Alto, Reston, London, Dublin, Barcelona, and Sydney by 2012.[13]
In September 2012, 10gen was in The Wall Street Journal's The Next Big Thing 2012.[14]
On August 27, 2013, 10gen announced that it would change its name to MongoDB Inc., associating itself more closely with what became its flagship products.[11]
In 2013, the Identification Authority of India adopted MongoDB's software to analyze registration trends for new identity documents used to obtain government benefits in India.[2] This raised concerns of potential espionage, since at-the-time MongoDB was partially funded by the United States CIA venture capital arm, In-Q-Tel. As of 2013, there is no evidence in the public domain the CIA actually has any influence over MongoDB.[15]
On August 5, 2014, Dev Ittycheria was appointed president and chief executive officer.[16]
By 2017, MongoDB had raised $311 million in funding from venture capitalists.[17] MongoDB filed for an initial public offering on September 21, 2017 and went public on NASDAQ that October 20.[18] It raised $192 million, valuing the company at $1.6 billion overall.[17] Its market capitalization varied greatly afterwards, reaching $39 billion in 2021 and coming back down to $10 billion by 2024.[5][19]
MongoDB acquired database engine company WiredTiger in 2014, followed by database-as-a-service company MLab for $68 million in 2018.[20] The following year, in 2019, MongoDB acquired a mobile-focused database company called Realm for $39 million.[21]
A secondary public offering was held on June 29, 2021.[22] In 2022, MongoDB established its own venture capital fund.[5]
Software
editAs of 2025, MongoDB was the fifth most popular database software.[23][24] It focuses mostly on managing large databases of unstructured data.[25][15] It's typically used for mobile and web apps that commonly use unstructured databases.[26] As of 2024, there were 50,000 MongoDB customers.[26] MongoDB was originally best known as a NoSQL database product.[27] The company released a database as-a-service product called Atlas in 2016[28] that became 70 percent of MongoDB's revenue by 2024.[26] Over time, MongoDB added analytics, transactional databases,[29] encryption,[30] vector databases,[26] ACID, migration features, and other enterprise tools.[31] Initially, the MongoDB software was free and open source[28] under the AGPL license. MongoDB adopted an SSPL (server side public license) for future releases starting in 2018.[26][32]
References
edit- ^ "MongoDB, Inc. FY 2025 Annual Report (Form 10-K)". SEC.gov. U.S. Securities and Exchange Commission. March 21, 2025.
- ^ a b Joseph, Lison (December 3, 2013). "MongoDB startup hired by Aadhaar got funds from CIA VC arm". The Economic Times. Retrieved August 9, 2024.
- ^ Baer, Tony (June 21, 2022). "Are Snowflake and MongoDB on a collision course?". VentureBeat. Retrieved August 11, 2024.
- ^ Lardinois, Frederic (October 16, 2018). "MongoDB switches up its open-source license". TechCrunch. Retrieved August 10, 2024.
- ^ a b c d Sawers, Paul (April 28, 2024). "MongoDB CEO Dev Ittycheria talks AI hype and the database evolution as he crosses 10-year mark". TechCrunch. Retrieved August 11, 2024.
- ^ "MACH Alliance Announces MongoDB and Netlify as First Members of New "Enabler" Category". MACH Alliance. Retrieved 24 February 2024.
- ^ "NYC's Largest Venture Capital Deals". Crain's New York Business. February 22, 2013.
- ^ "WSJ, MarketWatch".
- ^ Harris, Derrick (May 29, 2012). "With $42M more, 10gen wants to take MongoDB mainstream". GigaOm. Archived from the original on August 9, 2013.
- ^ Metz, Cade (May 25, 2011). "MongoDB daddy: My baby beats Google BigTable". The Register.
- ^ a b "10gen embraces what it created, becomes MongoDB Inc". Gigaom. 27 August 2013. Archived from the original on August 27, 2013. Retrieved 27 August 2013.
- ^ "10gen Announces Key Hires in Engineering and Sales". GlobeNewswire News Room (Press release). August 12, 2010.
- ^ Rao, Leena (September 12, 2011). "Sequoia Leads $20 Million Round In MongoDB Big Data Database Provider 10gen".
- ^ "The Next Big Thing 2012". September 27, 2012. Archived from the original on June 4, 2013 – via www.wsj.com.
- ^ a b Joseph, Lison (December 3, 2013). "MongoDB startup hired by Aadhaar got funds from CIA VC arm". The Economic Times. Retrieved August 9, 2024.
- ^ Konrad, Alex (August 5, 2014). "Dev Ittycheria To Be New CEO Of Database Unicorn MongoDB As Schireson Steps Down". Forbes.
- ^ a b Bort, Julie (October 20, 2017). "People told the MongoDB founders they were 'completely crazy' and now the company is worth $1.6 billion". Business Insider. Retrieved August 9, 2024.
- ^ Novet, Jordan (October 19, 2017). "MongoDB will raise $192 million in IPO, making it worth $1.2 billion". CNBC. Retrieved August 9, 2024.
- ^ Ghosh, Shona (August 15, 2018). "The founding CTO of a $3 billion company explains why it's vital he still gets his hands dirty coding". Business Insider. Retrieved August 10, 2024.
- ^ Sawers, Paul (October 10, 2018). "MongoDB to acquire cloud database provider MLab for $68 million". VentureBeat. Retrieved August 10, 2024.
- ^ Miller, Ron (April 24, 2019). "MongoDB to acquire open-source mobile database Realm for $39 million". TechCrunch. Retrieved August 10, 2024.
- ^ "Prospectus Supplement for Run 424(b)(5)". US Securities and Exchange Commission. June 30, 2021. Retrieved July 22, 2021.
- ^ Kanaracus, Chris (January 11, 2019). "AWS, MongoDB database collision stirs open source tensions". SearchAWS. Retrieved August 10, 2024.
- ^ "DB-Engines Ranking". DB-Engines. January 1, 2024. Retrieved August 27, 2024.
- ^ Bort, Julie (October 20, 2017). "People told the MongoDB founders they were 'completely crazy' and now the company is worth $1.6 billion". Business Insider. Retrieved August 9, 2024.
- ^ a b c d e Sawers, Paul (April 28, 2024). "MongoDB CEO Dev Ittycheria talks AI hype and the database evolution as he crosses 10-year mark". TechCrunch. Retrieved August 11, 2024.
- ^ Lardinois, Frederic (March 7, 2017). "MongoDB's Atlas database service goes freemium". TechCrunch. Retrieved August 10, 2024.
- ^ a b Sawers, Paul (October 10, 2018). "MongoDB to acquire cloud database provider MLab for $68 million". VentureBeat. Retrieved August 10, 2024.
- ^ Baer, Tony (June 21, 2022). "Are Snowflake and MongoDB on a collision course?". VentureBeat. Retrieved August 11, 2024.
- ^ Newman, Lily Hay (June 7, 2022). "A Long-Awaited Defense Against Data Leaks May Have Just Arrived". Wired. Retrieved August 11, 2024.
- ^ Brust, Andrew (June 7, 2022). "MongoDB fires up new cloud, on-premises releases". VentureBeat. Retrieved August 11, 2024.
- ^ Lardinois, Frederic (October 16, 2018). "MongoDB switches up its open-source license". TechCrunch. Retrieved August 10, 2024.
External links
edit- Official website
- Business data for MongoDB, Inc.:
