Subject:::MongoLab Raises $3 Million - TMCnet's Financial eNews Financial eNewsletter
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5/25/2011
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MongoLab Raises $3 Million during Investment Round


By Ed Silverstein, TMCnet Contributor


MongoLab has raised $3 million from investors during a recent Series A funding round.

The round was led by Foundry Group, Baseline Ventures, GRP Partners, Freestyle Capital, David Cohen, and others.


The investors’ list includes those who invested in other cloud infrastructure operations.

MongoLab is a cloud-based database provider. It was started by ObjectLabs, which is headquartered in San Francisco.


“We want to help revolutionize the database world by providing developers with the absolute best tools and platforms for successfully using MongoDB,” MongoLab explains on its website.

“MongoLab is a database-as-a-service (DBaaS) provider for MongoDB, 10gen’s scalable, open-source, document-oriented database currently being used by companies like Foursquare, bit.ly, and Etsy (News - Alert). MongoLab enables cloud-based hosting for MongoDB users on Amazon’s EC2 and Rackspace, and manages replication, backups, monitoring and uptime — the tedious stuff…,” explains Tech Crunch... Read More


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