MarkLogic is a database company that provides database services to enterprises. The company is the only database provider utilizing NoSQL for enterprises, which provides increased flexibility and simpler data integration for the client. NoSQL is optimized for both structured and unstructured data, allowing the user to manage and store data across various formats. This leads to more powerful search and retrieval capabilities, as well as a high degree of scalability. MarkLogic customers include Boeing, BBC, Citi, Bank of America Merrill Lynch, the Associated Press, KPMG, Lockheed Martin, and the U.S. Army.
The company was founded in 2000 by Christopher Lindblad and Cornell professor Paul Pedersen to address deficiencies of the database software available at the time. In 2012, current President and CEO Gary Bloom joined the company, bringing with him 14 years of experience working closely with Larry Ellison at Oracle. Between his time at Oracle and MarkLogic, Gary Bloom served as CEO of Veritas Software, leading them into a merger with Symantec valued at $13.5B.
MarkLogic has raised $175.6 million over seven rounds of fundraising, with Sequoia Capital and Tenaya Capital participating in each of the rounds. The latest round of fundraising valued MarkLogic at $1.05B.
*Based on Preferred Stock Price
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