MarkLogic, a company selling NoSQL database software that stores and serves up data in applications, is announcing today a $102 million funding round, with a pre-money valuation in excess of $1 billion.
The company competes with several other well-funded NoSQL database sellers, including Couchbase, MongoDB, and DataStax, not to mention legacy vendors such as IBM, Oracle, and SAP.
Annual revenue has now surpassed the $100 million mark, and 80 percent of MarkLogic's business is finishing up on Oracle projects, a MarkLogic spokeswoman told VentureBeat. Customers include the BBC, Citi, Dow Jones, the U.S. Federal Aviation Administration, and Warner Bros.
Unlike DataStax and MongoDB, MarkLogic does not have any open-source editions of its database, although it does offer a free developer edition.
Looking forward, an initial public offering (IPO) wouldn't be out of consideration, the spokeswoman told VentureBeat.
MarkLogic started in 2001 and is based in San Carlos, Calif. To date the company has raised $173 million.
Wellington Management led the new round in MarkLogic. Arrowpoint Partners, Northgate, Sequoia Capital, Tenaya Capital, and MarkLogic's own president and chief executive, Gary Bloom, also participated.