Upstart hopes to do for transactional databases what Snowflake did for data warehousing
Lindsay Clark
Tue 12 Jan 2021 // 15:15 UTC
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Even database companies you've never heard of might be worth a billion or two. Take Cockroach Labs, the firm behind the distributed RDMS CockroachDB, for example, which has hit gold in a $160m funding round.
With backers including Greenoaks and Lone Pine, and existing investors Benchmark, BOND, FirstMark, GV, Index Ventures, and Tiger Global, the round takes total investment to date to $355m as the startup tries to do for transactional databases what Snowflake has done for data warehouse systems.