Big Data Firm MarkLogic Raises $102m for Global Growth

In the US, big data specialist MarkLogic has closed a $102m round of funding, which it will use to fuel growth and meet global demand for its Enterprise NoSQL database platform.

MarkLogic provides a unified platform for the storage, management and analysis of structured and unstructured geospatial data and text. The firm is headquartered in Silicon Valley with offices in three other US cities, six in western Europe, plus Singapore and Tokyo.

New funding was led by Wellington Management Company LLP and included participation from new investor Arrowpoint Partners; existing investors Northgate Capital, Sequoia Capital, Tenaya Capital; and Gary Bloom (pictured), President and CEO of MarkLogic. The funds will be used to accelerate the company's expansion across Europe, Japan and Asia Pacific; grow its partner ecosystem; and support continued innovation for its database platform.

Bloom comments: 'This funding further cements our path of growth as we prepare for the next chapter in the company's history. Like our visionary customers and partners, our investors understand the new market opportunity and are placing their confidence in MarkLogic.'

Web site: www.marklogic.com .

All articles 2006-23 written and edited by Mel Crowther and/or Nick Thomas, 2024- by Nick Thomas, unless otherwise stated.