MOUNTAIN VIEW -– Couchbase has secured $30 million in a series F round of funding led by Sorenson Capital with current investors participating in the round, including Accel Partners, Adams Street Partners, Ignition Partners, Mayfield Fund, North Bridge Venture Partners and West Summit. This capital will be used to accelerate sales, and expand technical support and engineering investments as Couchbase extends its leadership as the de facto standard operational database for Digital Economy businesses.
Sorenson Capital led the recent funding round and is a new investor in Couchbase. This investment underscores Sorenson Capital’s increasing focus on technology-based growth investment opportunities across new and emerging sectors.
“Our business, built on customers focused on winning in the Digital Economy, is very strong. This funding round will take us to cash flow positive and should be our last round prior to an IPO,” said Bob Wiederhold, Couchbase CEO. “To be successful in the Digital Economy, businesses need to build great Web, mobile and IoT applications that deliver great user experiences that critically depend on the capabilities of the underlying operational database. Developers, architects and CIOs across every industry realize this, and are selecting Couchbase over our competitors as their operational database for modernizing their technology platforms.”
Couchbase customers include industry leaders like AOL, AT&T, Cisco, Comcast, Concur, Disney, Dixons, eBay, General Electric, Marriott, Nordstrom, Neiman Marcus, PayPal, Ryanair, Rakuten / Viber, Tesco, Verizon, Wells Fargo, as well as hundreds of other household names.