MongoDB Raises $80 Million in Financing
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MongoDB Inc., a maker of online database software, raised $80 million in funding as the company seeks to challenge Oracle Corp. and other software makers.
A sovereign wealth fund led the financing, and other investors included Goldman Sachs, Altimeter Capital, NEA, Sequoia and funds managed by T. Rowe Price Associates Inc. The deal values MongoDB at more than its previous valuation of $1.2 billion, according to Chief Executive Officer Dev Ittycheria.