Database provider MongoDB has filed to go public | TechCrunch

Tbd if MongoDB is losing enough money for a successful IPO...

"The company, which provides open-source database software that became very attractive among early-stage startups, is one of a myriad of companies that have sought to go public by building a business around selling sophisticated tools for that software. The hope is that MongoDB would be able to offer a superior experience for its open-source software and reduce the overall workload for companies that want to deploy its technology. Cloudera also went public earlier this year.

The company brought in $101.4 million in revenue in the most recent year ending January 31, and around $68 million in the first six months ending July 31 this year. In that same period, MongoDB burned through $86.7 million in the year ending January 31 and $45.8 million in the first six months ending July 31. MongoDB’s revenue is growing, and while its losses seem to be stable, they aren’t shrinking either."

Database provider MongoDB has filed to go public | TechCrunch