MarkLogic Raises $102M for Europe, APAC Market Push; Gary Bloom Comments

MarkLogic has raised $102 million in funds to support its efforts to expand the reach of its Enterprise NoSQL database platform throughout Europe and the Asia-Pacific region.

The company said Tuesday it secured the investments from Wellington Management Company, Arrowpoint Partners, Northgate Capital, Sequoia Capital and Tenaya Capital.

Gary Bloom, president and CEO of MarkLogic, said investors believe there is market opportunity for MarkLogic’s enterprise-built database platform.

Allen & Company acted as financial adviser for this round of financing, which MarkLogic says has generated more funds than the target of $70 million.