Database maker Couchbase reportedly files for IPO with eye to $3B valuation
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Couchbase Inc., the maker of the popular NoSQL database of the same name, reportedly has filed confidential paperwork for an initial public offering that could value it at as much as $3 billion.
That’s according to a report today from Reuters, which attributed the information to multiple sources. Another detail shared by the sources: Couchbase has reached annual revenues of over $100 million. That’s a sales target many tech firms eyeing the stock market seek reach before putting their IPO plans in motion.
Couchbase’s namesake database is used by about a third of the Fortune 100 to power a variety of business applications. The database can store unstructured data such as text, as well as relational records and semistructured information like sensor measurements. Moreover, though Couchbase competes in a part of the market known as the NoSQL segment, it allows users to