Big money continues to flow into the data market in the early days of 2021, with distributed SQL database vendor Cockroach Labs raising a $160 million Series E on Jan. 12.
The Cockroach Labs funding follows other data management vendors that have raised new money in the early weeks of the new year, including Dremio, which raised $135 million, and Starburst, which raised $100 million.
Total funding to date for the New York City-based vendor now stands at $355 million, leaving the company with a market valuation of about $2 billion.
The Series E round was led by Altimeter Capital with participation from Greenoaks Capital, Lone Pine Capital, Benchmark, Bond, FirstMark Capital, GV, Index Ventures and Tiger Global Management. The new funding is the second major funding round for the vendor in less than a year and follows Cockroach Lab’s Series D round in May 2020 that brought in $86.6 million and was released alongside the Cockroach 20.1 update.
Cockroach in its own niche
In terms of how Cockroach fits into the database landscape, Gigaom senior analyst Andrew Brust said he sees the vendor as occupying