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MongoDB Inc.

From Wikipedia, the free encyclopedia
American software company, developer of MongoDB

MongoDB, Inc.
MongoDB's office inNew York City, New York
Formerly10gen, Inc. (2007–2013)
Company typePublic
IndustrySoftware
Founded2007; 19 years ago (2007)
Founders
HeadquartersParamount Plaza
New York City, U.S.
Area served
Worldwide
Key people
ProductsMongoDB
RevenueIncreaseUS$2.01 billion (2025)
Negative increaseUS$−216 million (2025)
Negative increaseUS$−129 million (2025)
Total assetsIncreaseUS$3.43 billion (2025)
Total equityIncreaseUS$2.78 billion (2025)
Number of employees
5,558 (2025)
Websitemongodb.com
Footnotes / references
Financials as of January 31, 2025[update].[1]

MongoDB, Inc. is an American software company that develops and provides commercial support for thesource-available database engineMongoDB, a database forunstructured data.[2] Over the years, the company has expanded the product from itsNoSQL roots to have broader appeal toenterprise customers, such as addingACID andtransactions.[3]

In 2016, the company introduced aSaaS version of the product, called Atlas.[4] As of 2025[update] there were 59,000 MongoDB customers.[5]

In 2018, the company abandonedAGPL licensing of its product and in its stead introduced theServer Side Public License, which is notOSI-approved.[6]

MongoDB, Inc. is a member of theMACH Alliance.[7]

History

[edit]

The company was first established in 2007 as 10gen. Based in New York City, 10gen was founded by formerDoubleClick founder and CTODwight Merriman and former DoubleClick CEO andGilt Groupe founderKevin P. Ryan with former DoubleClick engineer and ShopWiki founder and CTOEliot 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, andUnion Square Ventures.[8][9][10] 10gen originally aimed to build aplatform as a service architecture based entirely onopen source components; however, the company was unable to find an existing database platform that met their principles for acloud architecture. As a result, the company began to develop adocument-oriented database system it calledMongoDB. 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.[11] In February 2009, 10gen released MongoDB as an open source project.[12] 10gen opened its first west coast office in August 2010,[13] having offices in Palo Alto, Reston, London, Dublin, Barcelona, and Sydney by 2012.[14]

In September 2012, 10gen was inThe Wall Street Journal'sThe Next Big Thing 2012.[15]

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.[12]

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.[16]

On August 5, 2014,Dev Ittycheria was appointed president and chief executive officer.[17]

By 2017, MongoDB had raised $311 million in funding from venture capitalists.[18] MongoDB filed for aninitial public offering on September 21, 2017 and went public onNASDAQ that October 20.[19] It raised $192 million, valuing the company at $1.6 billion overall.[18] Its market capitalization varied greatly afterwards, reaching $39 billion in 2021 and coming back down to $10 billion by 2024.[6][20]

MongoDB acquireddatabase engine company WiredTiger in 2014, followed by database-as-a-service company MLab for $68 million in 2018.[21] The following year, in 2019, MongoDB acquired a mobile-focused database company called Realm for $39 million.[22]

A secondary public offering was held on June 29, 2021.[23] In 2022, MongoDB established its own venture capital fund.[6]

On November 3, 2025, MongoDB announced that its Board of Directors has appointed Chirantan “CJ” Desai as President and Chief Executive Officer (“CEO”), effective November 10, 2025.[24]

Software

[edit]

As of 2025, MongoDB was the fifth most popular database software.[25][26] It focuses mostly on managing large databases of unstructured data.[27][16] It's typically used for mobile and web apps that commonly use unstructured databases.[28] As of 2024, there were 50,000 MongoDB customers.[28] MongoDB was originally best known as a NoSQL database product.[29] The company released a database as-a-service product called Atlas in 2016[30] that became 70 percent of MongoDB's revenue by 2024.[28] Over time, MongoDB added analytics, transactional databases,[31] encryption,[32]vector databases,[28]ACID, migration features, and other enterprise tools.[33] Initially, the MongoDB software was free and open source[30] under theAGPL license. MongoDB adopted anSSPL (server side public license) for future releases starting in 2018.[28][34]

References

[edit]
  1. ^"MongoDB, Inc. FY 2025 Annual Report (Form 10-K)".SEC.gov.U.S. Securities and Exchange Commission. March 21, 2025.
  2. ^abJoseph, Lison (December 3, 2013)."MongoDB startup hired by Aadhaar got funds from CIA VC arm".The Economic Times. RetrievedAugust 9, 2024.
  3. ^Baer, Tony (June 21, 2022)."Are Snowflake and MongoDB on a collision course?".VentureBeat. RetrievedAugust 11, 2024.
  4. ^Lardinois, Frederic (October 16, 2018)."MongoDB switches up its open-source license".TechCrunch. RetrievedAugust 10, 2024.
  5. ^Deffenbaugh, Ryan (August 26, 2025)."MongoDB Stock Soars After One Of Database Developer's 'Strongest Quarters'".Investor's Business Daily. RetrievedOctober 15, 2025.
  6. ^abcSawers, Paul (April 28, 2024)."MongoDB CEO Dev Ittycheria talks AI hype and the database evolution as he crosses 10-year mark".TechCrunch. RetrievedAugust 11, 2024.
  7. ^"MACH Alliance Announces MongoDB and Netlify as First Members of New "Enabler" Category".MACH Alliance. RetrievedFebruary 24, 2024.
  8. ^"NYC's Largest Venture Capital Deals".Crain's New York Business. February 22, 2013.
  9. ^"WSJ, MarketWatch".
  10. ^Harris, Derrick (May 29, 2012)."With $42M more, 10gen wants to take MongoDB mainstream".GigaOm. Archived fromthe original on August 9, 2013.
  11. ^Metz, Cade (May 25, 2011)."MongoDB daddy: My baby beats Google BigTable".The Register.
  12. ^ab"10gen embraces what it created, becomes MongoDB Inc".Gigaom. August 27, 2013. Archived fromthe original on August 27, 2013. RetrievedAugust 27, 2013.
  13. ^"10gen Announces Key Hires in Engineering and Sales".GlobeNewswire News Room (Press release). August 12, 2010.
  14. ^Rao, Leena (September 12, 2011)."Sequoia Leads $20 Million Round In MongoDB Big Data Database Provider 10gen".
  15. ^"The Next Big Thing 2012". September 27, 2012. Archived fromthe original on June 4, 2013 – via www.wsj.com.
  16. ^abJoseph, Lison (December 3, 2013)."MongoDB startup hired by Aadhaar got funds from CIA VC arm".The Economic Times. RetrievedAugust 9, 2024.
  17. ^Konrad, Alex (August 5, 2014)."Dev Ittycheria To Be New CEO Of Database Unicorn MongoDB As Schireson Steps Down".Forbes.
  18. ^abBort, Julie (October 20, 2017)."People told the MongoDB founders they were 'completely crazy' and now the company is worth $1.6 billion".Business Insider. RetrievedAugust 9, 2024.
  19. ^Novet, Jordan (October 19, 2017)."MongoDB will raise $192 million in IPO, making it worth $1.2 billion".CNBC. RetrievedAugust 9, 2024.
  20. ^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. RetrievedAugust 10, 2024.
  21. ^Sawers, Paul (October 10, 2018)."MongoDB to acquire cloud database provider MLab for $68 million".VentureBeat. RetrievedAugust 10, 2024.
  22. ^Miller, Ron (April 24, 2019)."MongoDB to acquire open-source mobile database Realm for $39 million".TechCrunch. RetrievedAugust 10, 2024.
  23. ^"Prospectus Supplement for Run 424(b)(5)". US Securities and Exchange Commission. June 30, 2021. RetrievedJuly 22, 2021.
  24. ^"MongoDB Announces Leadership Transition".MongoDB. RetrievedNovember 8, 2025.
  25. ^Kanaracus, Chris (January 11, 2019)."AWS, MongoDB database collision stirs open source tensions".SearchAWS. RetrievedAugust 10, 2024.
  26. ^"DB-Engines Ranking".DB-Engines. January 1, 2024. RetrievedAugust 27, 2024.
  27. ^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. RetrievedAugust 9, 2024.
  28. ^abcdeSawers, Paul (April 28, 2024)."MongoDB CEO Dev Ittycheria talks AI hype and the database evolution as he crosses 10-year mark".TechCrunch. RetrievedAugust 11, 2024.
  29. ^Lardinois, Frederic (March 7, 2017)."MongoDB's Atlas database service goes freemium".TechCrunch. RetrievedAugust 10, 2024.
  30. ^abSawers, Paul (October 10, 2018)."MongoDB to acquire cloud database provider MLab for $68 million".VentureBeat. RetrievedAugust 10, 2024.
  31. ^Baer, Tony (June 21, 2022)."Are Snowflake and MongoDB on a collision course?".VentureBeat. RetrievedAugust 11, 2024.
  32. ^Newman, Lily Hay (June 7, 2022)."A Long-Awaited Defense Against Data Leaks May Have Just Arrived".Wired. RetrievedAugust 11, 2024.
  33. ^Brust, Andrew (June 7, 2022)."MongoDB fires up new cloud, on-premises releases".VentureBeat. RetrievedAugust 11, 2024.
  34. ^Lardinois, Frederic (October 16, 2018)."MongoDB switches up its open-source license".TechCrunch. RetrievedAugust 10, 2024.

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