Intel & Red Hat Tuck Money in 10gen’s Jeans

10gen, the open source document-oriented MongoDB creator, says Intel Capital and Red Hat have made strategic investments in it.
It means to use the undisclosed amount of money for product development and support of its rapidly growing worldwide community and user base. It has visions of being the top NoSQL database on the cloud and is reportedly hiring.
It doesn’t need the money. It’s up to Series E and got $42 million in September from VCs – who supposedly valued the company at between $500 million and $550 million – followed by an undisclosed investment from the CIA’s venture arm In-Q-Tel. Since 2009 the start-up has gotten more than $73.4 million and with these last two undisclosed investments TechCrunch thinks the total amount is now around $81 million.

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