Cockroach Labs raises $278 million for a distributed SQL database

Cockroach Labs today announced that it has raised $278 million in a Series F round of funding to help develop the vendor’s technology and go-to-market efforts for its distributed SQL database technology. in the cloud.

Based in New York, Cockroach Labs has had a busy year. The distributed SQL cloud database provider started the year with a $160 million Series E funding round in January.

The provider also released two major database updates in 2021, bringing a host of new features.

The CockroachDB 21.1 update released in May provided new multi-region support allowing data operations to occur in different geographies around the world. The CockroachDB 21.2 update in November gave users improved backup and recovery capabilities.

To complement Cockroach Labs’ 2021 updates, in October the vendor revealed the beta availability of CockroachDB Serverless as a cloud deployment option.

Opportunity for a distributed SQL database in the cloud

Cockroach Labs has been at the forefront of the distributed SQL data platform category, said Ventana Research analyst Matt Aslett.

“Distributed SQL data platforms are designed to combine the advantages of the relational database model and native support for distributed cloud architecture,” Aslett said.

Ventana Research predicted that by 2024, 60% of organizations will re-evaluate their existing operational database vendors to support more agile operational applications and improve fault tolerance.

Aslett noted that Cockroach Labs has been able to attract enterprise customers by providing the resilience and elastic scalability that cloud computing enables.

Cockroach Labs cloud database

Don’t worry about distributed SQL concurrency

Cockroach Labs co-founder and CEO Spencer Kimball was blunt about the vendor’s need for more money to grow.

The challenge and opportunity in our space is to build better [and] build faster, but the product category is just huge.

Spencer KimballCEO and Co-Founder, Cockroach Labs

“The challenge and opportunity in our space is to build better [and] build faster, but the product category is just huge,” Kimball said. In the enterprise market, he noted, Oracle has long dominated relational databases, while AWS has taken a leading position in cloud databases.

Kimball pointed out that Cockroach Labs was not trying to replicate the same technical capabilities as Oracle, but rather that CockroachDB’s goal was to enable a distributed SQL platform designed for the cloud.

When it comes to AWS, Kimball said Cockroach Labs can both compete with and partner with the cloud giant. He noted that Amazon RDS provides relational database capability in the cloud, while Amazon Aurora is another cloud database service that provides more relational database functionality including advanced replication. .

But while there are similarities in the functionality provided by AWS and CockroachDB cloud databases, there are also key differences. On the one hand, Kimball noted that Aurora only works in AWS, which can be limiting.

“Some organizations absolutely insist that the data infrastructure they’re going to use has to be multi-cloud,” Kimball said. “It’s just their strategy and they don’t want to be locked into data gravity.”

Maria H. Underwood