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

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

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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.

Discover Tarantool's unique features such as powerful stored procedures, SQL support, smart cache, and the speed of 1 million ACID transactions on a single CPU.

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