MongoDB

Top US Technology Company

MongoDB

229 W 43rd St, New York, NY 10036

Database platform for building modern applications.

About MongoDB

New York – United States – 2400 Employees

Website: mongodb.com
Stock Symbol: MDB
Industry SIC Code: 7374

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Annual Revenue: 870M

MongoDB – A Comprehensive Overview

Company Overview

MongoDB, Inc., founded in 2007 by Dwight Merriman, Eliot Horowitz, and Kevin Ryan, is the company behind MongoDB, the leading NoSQL database platform. Headquartered in New York City, MongoDB offers a modern, scalable, and flexible database solution designed to meet the needs of today’s cloud-based, data-driven applications. The company’s flagship product, MongoDB Atlas, is a fully managed cloud database service that enables businesses to store, manage, and analyze vast amounts of data across hybrid and multi-cloud environments. MongoDB’s mission is to empower developers by providing a robust, highly available, and flexible database solution that addresses the limitations of traditional relational databases.

Financial Data

For fiscal year 2023, MongoDB reported annual revenue of approximately $1.5 billion, reflecting strong growth driven by the increasing adoption of cloud-based database solutions. The company generates revenue primarily from its subscription-based cloud service, MongoDB Atlas, as well as enterprise-grade database management solutions and support. MongoDB’s gross margin is around 70%, benefiting from the scalability and efficiency of its cloud-based platform. While MongoDB continues to invest heavily in R&D and expanding its cloud infrastructure, the company is on a path toward sustained profitability as its customer base grows.

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Company Size and Structure

MongoDB employs over 4,500 people globally, with offices in North America, Europe, and Asia. The company is organized into key business units, including Product Development, Cloud Services, Sales, Marketing, and Customer Success. MongoDB’s decentralized structure allows it to focus on product innovation while expanding its market presence in key regions. The company’s leadership team is dedicated to driving growth through product development, strategic partnerships, and global expansion, with a strong emphasis on supporting the developer community.

Key Decision-Makers and Contacts

Dev Ittycheria, President and CEO: Oversees MongoDB’s strategic direction, focusing on global growth and product development.
Michael Gordon, CFO and COO: Manages financial strategy, corporate operations, and investor relations.
Eliot Horowitz, Co-Founder and former CTO: Played a pivotal role in the development of the MongoDB platform.
Sahir Azam, Chief Product Officer: Drives product innovation and the expansion of MongoDB’s cloud services.
This leadership team is committed to empowering developers and businesses with flexible, modern database solutions that meet the needs of today’s fast-evolving digital landscape.

Market Position

MongoDB is a leader in the NoSQL database market, providing a modern alternative to traditional relational databases such as Oracle, Microsoft SQL Server, and MySQL. MongoDB’s flexible, document-based data model allows for greater scalability and adaptability, making it a popular choice for organizations building cloud-native applications. With MongoDB Atlas, the company has strengthened its position in the cloud database market, offering a fully managed service that works across AWS, Google Cloud, and Microsoft Azure. MongoDB competes with other NoSQL databases like Cassandra, Couchbase, and DynamoDB, but differentiates itself through ease of use, performance, and strong developer support.

Products and Services

MongoDB offers a suite of products and services designed to meet the needs of developers, data engineers, and businesses of all sizes:

MongoDB Atlas: A fully managed cloud database service available on AWS, Google Cloud, and Microsoft Azure, offering features like auto-scaling, backup, and real-time performance insights.
MongoDB Enterprise Advanced: An on-premises version of MongoDB tailored for large enterprises, offering advanced security, compliance, and monitoring capabilities.
MongoDB Realm: A mobile database platform that enables real-time data synchronization and offline-first app development.
MongoDB Ops Manager: A management platform for automating deployment, backups, and monitoring of MongoDB databases in on-premises or private cloud environments.
MongoDB Charts: A data visualization tool that allows users to create real-time visual dashboards from their MongoDB data.
MongoDB University: A platform offering free and paid courses to help developers and data professionals learn how to use MongoDB effectively.

Digital Presence

MongoDB maintains a strong digital presence through its website, developer resources, and social media platforms. The MongoDB Developer Hub provides extensive documentation, tutorials, and open-source tools to help developers build applications using MongoDB. The company is active on platforms like GitHub, LinkedIn, Twitter, and YouTube, where it shares updates on product releases, educational content, and customer success stories. MongoDB’s blog and MongoDB Podcast offer thought leadership on database trends, cloud-native development, and best practices for building scalable applications. NY Zoominfo Pricing.

Technological Infrastructure

MongoDB’s platform is built on a highly scalable, distributed architecture that allows it to handle large volumes of data across distributed cloud environments. The company’s flagship cloud service, MongoDB Atlas, is designed to run seamlessly on AWS, Google Cloud, and Microsoft Azure, providing a flexible, multi-cloud solution for modern applications. MongoDB’s document-based data model allows for flexible schema design, making it easier to develop and iterate on applications. The company also leverages advanced indexing, sharding, and replication technologies to ensure high availability, performance, and fault tolerance across global deployments.

Company Culture

MongoDB fosters a culture of innovation, collaboration, and inclusivity. The company promotes a developer-first mindset, encouraging employees to think creatively and work cross-functionally to solve complex technical challenges. MongoDB is also committed to diversity, equity, and inclusion (DEI), with initiatives aimed at fostering a welcoming environment for employees of all backgrounds. The company emphasizes continuous learning and development, offering internal training programs, certifications, and opportunities for professional growth. MongoDB’s values reflect its commitment to openness, transparency, and building a supportive community for both its employees and users.

Industry and Regulatory Compliance

As a provider of database solutions, MongoDB adheres to strict data security and privacy standards, including GDPR, CCPA, HIPAA, SOC 2, and ISO 27001. The company’s cloud database service, MongoDB Atlas, is built with strong security features, including encryption at rest and in transit, role-based access control (RBAC), auditing, and advanced threat detection. MongoDB also provides tools for businesses to manage compliance with industry-specific regulations, making it a trusted choice for organizations in healthcare, finance, and government sectors.

Partnerships & Affiliations

MongoDB has established partnerships with major cloud service providers, including Amazon Web Services (AWS), Google Cloud, and Microsoft Azure, allowing businesses to deploy MongoDB Atlas on their preferred cloud platforms. MongoDB also partners with technology companies such as Red Hat and Pivotal to offer integrated solutions for enterprise customers. Additionally, the company has a strong presence in the open-source community, supporting developer tools and libraries that integrate with MongoDB, fostering collaboration and innovation across the developer ecosystem.

Public Relations & Media

MongoDB is frequently featured in major business and technology publications for its leadership in the database market and its contributions to the open-source community. The company’s annual MongoDB World and MongoDB .Live events attract significant media attention, highlighting product announcements, customer success stories, and key trends in data management and cloud computing. MongoDB’s public relations efforts emphasize the company’s role in enabling developers to build modern applications and its commitment to empowering businesses with scalable, cloud-native database solutions.

Competitive Landscape

MongoDB competes with other NoSQL and relational databases, such as Cassandra, Couchbase, DynamoDB (AWS), and traditional databases like Oracle and MySQL. MongoDB’s key differentiators include its document-based data model, flexible schema design, and ability to handle complex, unstructured data. While relational databases require predefined schemas and structured data, MongoDB’s flexibility and scalability make it an attractive choice for modern applications, particularly in industries like e-commerce, gaming, and financial services. MongoDB’s multi-cloud capabilities and developer-friendly tools further enhance its competitive advantage in the database market.

Stock Market Information

MongoDB is publicly traded on the Nasdaq under the ticker symbol MDB. The company’s stock has performed well since its IPO in 2017, driven by strong revenue growth, increasing adoption of MongoDB Atlas, and rising demand for cloud-based database solutions. Investors are optimistic about MongoDB’s long-term growth potential, particularly as more organizations transition to cloud-native architectures and adopt modern, flexible databases to manage complex data environments. MongoDB’s focus on product innovation, customer acquisition, and expanding its cloud services positions it as a key player in the database industry.

Market Activity for MongoDB

Customer Base and Reviews

MongoDB serves a diverse customer base, including startups, enterprises, and government agencies, across industries such as technology, finance, healthcare, retail, and education. Notable customers include Adobe, eBay, Toyota, Coinbase, and Forbes. Customers appreciate MongoDB for its flexibility, scalability, and ability to handle unstructured and semi-structured data, making it ideal for modern web, mobile, and IoT applications. MongoDB Atlas is widely praised for its ease of use, automated scaling, and seamless integration with cloud services. However, some customers have noted the steep learning curve for those new to NoSQL databases.

Summary of MongoDB

MongoDB is a global leader in modern database solutions, offering a flexible, scalable, and cloud-native platform that helps businesses manage, analyze, and secure their data. With its flagship product, MongoDB Atlas, and a strong commitment to empowering developers, the company has become a go-to solution for businesses building cloud-based and data-driven applications.

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