Executive Salary
avg.$198,216
MongoDB
Information Technology/Software Companies/Databases
New York City, NY, United States
Description
MongoDB, Inc., founded in 2007 and publicly traded, is a technology company headquartered in New York City. The company develops and supports a document-oriented database platform, offering both on-premises and cloud-based solutions. Its managed cloud service, MongoDB Atlas, has become a significant revenue driver. The company's offerings primarily target B2B markets across various industries. As of the latest data, MongoDB employs approximately 5,558 staff members and reported an annual revenue of about $1.25 billion.
Experteer Insights
Experteer Briefing
Company Trajectory
MongoDB, Inc., founded in 2007 and headquartered in New York City, New York, United States, began with the ambition to create a platform-as-a-service architecture grounded in open-source technologies. The company soon pivoted to develop the MongoDB database system, which has since become widely recognized for its document-oriented approach to data management. Over the years, MongoDB expanded its footprint across global markets and continually refined its offerings, evolving from its startup roots to become a prominent industry player. Looking ahead, MongoDB seeks to innovate further, solidifying its role in shaping modern database solutions for businesses worldwide.
Financial Setup
A publicly traded company, MongoDB serves a primarily B2B customer base and employs over 5,500 professionals. Initially built on an open-source strategy, its business model now centers on commercial database support and cloud-based offerings, notably MongoDB Atlas, which has emerged as a key revenue driver. MongoDB’s financial trajectory has reflected strong market demand for both on-premises and managed cloud solutions, and the company continues to capitalize on the growing need for versatile database management across diverse sectors.
Development & Outlook
Recent developments focus on expanding MongoDB’s suite of cross-platform database tools, with an emphasis on unstructured data management through cloud services like MongoDB Atlas that operate on major providers such as AWS, Google Cloud, and Microsoft Azure. As of 2024, MongoDB holds 87 software patents, with its portfolio valued at $42.5 million. The company is committed to ESG initiatives, appointing a dedicated ESG expert and supporting sustainability and inclusivity in its business model. Social responsibility is further highlighted by employee resource groups and complimentary educational offerings through MongoDB University, alongside ongoing efforts to recruit a diverse workforce and meet Nasdaq’s Board Diversity Rules.
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