Over a million developers have joined DZone.

MongoDB Inc. Worth $1.2 Billion, Are They the Next Oracle?

DZone's Guide to

MongoDB Inc. Worth $1.2 Billion, Are They the Next Oracle?

· Database Zone ·
Free Resource

Download "Why Your MySQL Needs Redis" and discover how to extend your current MySQL or relational database to a Redis database.

MongoDB (formerly 10gen) just became the most valuable tech startup in New York, beating out more well-known companies like Gilt, Foursquare, and Etsy.  They're also worth more than the cost of Tumblr, which was acquired by Yahoo this year.

This new valuation of $1.2 billion is due to a new round of venture funding, totalling $150 million.  For the month of October, MongoDB remains at #6 on the DB-Engines.com overall rankings.  It's the only NoSQL database in the top 10, because Cassandra was knocked back down to 11 on the charts. 

So is MongoDB a company that Oracle should look out for?  If you look at the ruling Triumvirate of databases on DB-Engines, Oracle, MySQL, and MS SQL Server have an overwhelming lead.  Seems like it could be a few more years before there are enough applications out there that really need NoSQL.

Read "Developing Apps Using Active-Active Redis Enterprise" and discover the advantages over other active-actve databases.


Opinions expressed by DZone contributors are their own.

{{ parent.title || parent.header.title}}

{{ parent.tldr }}

{{ parent.urlSource.name }}