Fresh Capital

MongoDB Reportedly Just Snagged a $1.2B Valuation, Putting the Company on Top of the NYC Pile

CEO Max Schireson (Twitter)

Throw that money in the air: MongoDB (a.k.a. 10gen, which recently renamed itself after its core product) has just raised a $150 million round of funding from investors including EMC Corp., Salesforce, T. Rowe Price, Red Hat, Intel, NEA and Sequoia.

According to Bloomberg News’s sources, the company raised the money at a $1.2 billion valuation, which would make the startup the most valuable in New York. Read More