MongoDB Confidentially Files For IPO

MongoDB, the database solutions provider, has submitted an S-1 filing for an IPO, according to multiple news reports. Sources tell TechCrunch that the company is aiming to go public by the close of 2017.

The company offers traditional database technology, including its Atlas cloud-hosted database service and MongoDB Stich, a tool designed to help developers build applications without having to focus too heavily on backend infrastructure and service integration. Since its founding in 2007, MongoDB has received more than $300 million in total equity funding.

MongoDB is the latest tech company to file for an IPO. Two other notable companies that went public in Q2 2017 include the identity management provider Okta, as well as Cloudera, a Big Data, machine learning and analytics solutions provider.

*We will continue to monitor the story and update details of the filing as they are revealed.

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