Enterprise NoSQL Firm MarkLogic Raises $25M
Software maker MarkLogic attracts VC funds to help big businesses cozy up to Big Data.
San Carlos, Calif.-based MarkLogic Corporation has raised $25 million in VC funding, which will go toward increasing its ability to meet rising demand for NoSQL database technology. Fortune 500 companies, in particular, are showing interest in NoSQL, claims MarkLogic.
Sequoia Capital and Tenaya Capital led the round of financing, which included backing from Northgate Capital and MarkLogic's own CEO, Gary Bloom.
The company specializes in Big Data management and search. Its MarkLogic Server product can handle structured, semi-structured and unstructured data, enabling businesses to expose massive stores of data to business intelligence and analytics applications and potentially profit from insights that they discover. MarkLogic can run directly on the Apache Hadoop Distributed File System (HDFS).
Last year, the company partnered with Hortonworks, a Hadoop software, services and support provider. The firm's connector for the Hadoop open source platform is certified for the Hortonworks Data Platform. MarkLogic's tech integrates with Apache Hadoop Distributed File System (HDFS).
Best known as the company behind Lexis Nexis' unstructured database server, the company has been hailed as a prime example of how Big Data innovators are helping to popularize the Hadoop ecoystem. To date, MarkLogic has been deployed at a leading commercial bank, Dow Jones and at the Centers for Medicare and Medicaid Services, the company reports.
Now, MarkLogic is setting its sights on the broader enterprise business software market. Bloom plans to rack up big corporate customers by catering to their Big Data IT needs.
"Today, MarkLogic Server is the only NoSQL database with the enterprise features that CIOs require. For organizations that want to build, deploy and manage applications for dynamically changing enterprise data, MarkLogic is faster and more affordable than traditional relational databases while maintaining the same standard of trust in performance," said MarkLogic's CEO in a statement.
So far, MarkLogic is on the right track, maintains ESG senior analyst Evan Quinn.
"Organizations increasingly need a database optimally designed to handle semi-structured data, content-rich applications, and advanced analytics. While NoSQL databases were designed to address these requirements, most fail the test of meeting enterprise-grade capabilities in areas like security and availability," he said. "MarkLogic provides the schema-agnostic and scale out architecture of NoSQL with the same proven and trusted enterprise capabilities that CIOs and CTOs require in enterprise software."