MongoDB previously 10gen

MongoDB (formerly 10gen) offers organizations advantages - flexibility in developing a database, scalability in its deployment, the presence of a large community of IT specialists who provide its support as an open source software product. Thanks to this support, the MongoDB database has already been selected by leading organizations from the Fortune 500 list and Web 2.0 companies, including Disney, Viacom, Intuit and Foursquare.

Performance indicators

2019: Revenue growth by 64% to $253.8 million; losses - $99 million

In fiscal 2019, MongoDB revenue amounted to $253.8 million, an increase of 64% compared to the previous year. The reporting 12-month period ended on January 31, 2019.

Most of the company's revenues are generated by subscriptions, the sales of which in 2019 reached $248.4 million, which is 64% higher than a year ago. The developer of the open DBMS earned $18.6 million on services, which is 31% more than a year earlier.

Financial performance MongoDB

The MongoDB completed the fiscal year 2019 with a net loss of $99 million, while in 2018 monetary losses were measured at $82.7 million.

In the report it is said that income from the solution of MongoDB Atlas (DBaaS, DBMS as service) reached annual level more than in $100 million less than three years later after entry of products into the market. Thus, MongoDB Atlas began to bring the company almost 40% of revenue.

There is clearly a massive migration of workflows from local computers to the cloud. Now our product works for Amazon and Google, so these companies earn on our growth, "said CEO Dev  Ittycheria.

By the end of January 2019, MongoDB had 13,400  customers, which is 130% more than a year earlier. Of this number, 11,400  customers use Atlas, however, almost a third (4200) of this base falls on customers who went to the company as a result of the acquisition of mLab.

557 customers (4% of the total) bring MongoDB at least $100 thousand of annual recurring revenue, while by the end of 2018 there were 354 of them.

On the day the financial statements were published (March 14, 2019), MongoDB securities rose by 26% and reached the highest value in history - $130.9, CNBC television channel notes. Over the 12 previous months, quotes jumped more than 220%, and since the beginning of 2019 they have risen by at least half.^[1]

History

2022: Destruction of Russian subscribers against the backdrop of Russia's special operation in Ukraine

The American company MongoDB warned the users in Russia and Belarus that their data which are stored on the MongoDB Atlas platform will be destroyed. The corresponding notifications were received by Russian companies on March 10, 2022.

According to the official letter (TAdviser editorial office has it), due to new sanctions by the United States and other countries, the space of Russian and Belarusian companies in the Atlas MongoDB will be removed. If companies store important data on the platform, then they must be copied immediately, otherwise they will be lost irretrievably.

Screenshot letters MongoDB Russian subscribers

MongoDB Atlas is a global cloud service (Database-as-a-Service) that accelerates creation and simplifies database management for applications. The service removes the burden of managing NoSQL bases from customers and allows you to focus on applications.

According to one of the interlocutors of TAdviser, the Chief information officer of the Russian startup, MongoDB Atlas is not the most popular cloud service in the country. It is sometimes used by small companies and developers. The most popular source codes are MongoDB, which are open.

Our developers more often use "source" MongoDB to create their own products. At the same time, Russian customers always preferred on-premise solutions, not particularly trusting cloud services. Most domestic companies prefer to keep all the data in their loop. So the removal of corporate data from the Atlas MongoDB will affect few people in the Russian market, "said a source at TAdviser.

At the same time, the interlocutor of TAdviser drew attention to the fact that such actions in principle undermine confidence in global cloud services, which can negatively affect the entire IT market.

2017: IPO Application

In August 2017, it became known that the American company MongoDB, the developer of the same-name open-source document-oriented DBMS, filed an application for an initial public offer (IPO).^[2]

According to the publication TechCrunch, the application necessary for the IPO has already been drawn up MongoDB, thanks to which the company expects to receive a new - that is, public - status before the end of this year.

During its existence, starting in November 2007, MongoDB Inc. (formerly known as 10gen) received investments totaling over $300 million. Notable investors include Sequoia Capital, Intel Capital and NEA.

In addition to NoSQL-DBMS MongoDB directly, the company's products and services include: the corporate edition of NoSQL-DBMS (MongoDB Enterprise), the solution for managing the DBMS on demand (Ops Manager) and in the cloud (Cloud Manager), the cloud database service as a service (DBaaS) called MongoDB Atlas. MongoDB also has a fork TokuMX, which since 2015 has been developed by Percona.

2013: 10gen renamed to MongoDB

On August 27, 2013, 10gen announced the unification of the company's names and its product - open source DBMS MongoDB. As a result, the company changed its name from 10gen to MongoDB. The change took effect on the same day - August 27.

At the same time as renaming, the company changed the address of the website: now instead of 10gen.com it is located at mongodb.com.^[3]

Notes