Venture Capital News: Cockroach Labs Nabs $278M Series F Round
NEW YORK, NY, Cockroach Labs today announced its Series F for $278 million in new funding at a valuation of $5 billion.
NEW YORK, December 16, 2021 -- Cockroach Labs, the company behind the leading cloud-native distributed SQL database CockroachDB, today announced its Series F for $278 million in new funding at a valuation of $5 billion. The investment round was led by Greenoaks with participation from Altimeter, BOND, Benchmark, Coatue, FirstMark, GV, Index Ventures, J.P. Morgan, Lone Pine Capital, Redpoint Ventures, and Tiger Global. This round brings Cockroach Labs' total funding to $633 million. The funds will be used to support Cockroach Labs' ongoing investments in the development of their innovative and fast-growing cloud database as well as its continued customer growth and expansion into new markets.
Cockroach Labs is the creator of CockroachDB, the most highly evolved, cloud-native, distributed SQL database on the planet. Helping companies of all sizes - and the apps they develop - to scale fast, survive failures, and thrive everywhere. CockroachDB is in use at some of the world's largest enterprises across all industries, including some of the most recognized companies in banking, media & entertainment, retail, and technology.
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