SAN CARLOS, Calif. — May 26, 2009 — MarkLogic Corporation, a leading provider of infrastructure software for information applications, today announced that it has closed a $12.5 million round of financing, led by Sequoia Capital and including participation from Tenaya Capital.
The capital will be used to fund the company’s continued growth in sales channels, international expansion, and new vertical market development. MarkLogic operates in both North America and Europe and has over 150 customers, 120 employees, and 60 partners. Over 450 people attended the company’s annual user conference held recently in San Francisco.
“MarkLogic is a strong company, poised for continued growth,” said Mark Kvamme, partner at Sequoia Capital. “MarkLogic’s combination of unique technology, an exceptional team, and a disciplined go-to market strategy creates the opportunity for it to be a break-out company in the information technology space.”
“I am happy to have this opportunity to put additional fuel in the tank to help sustain our high rate of growth,” said Dave Kellogg, chief executive officer of MarkLogic Corporation. “We’re thrilled to be a leader in the unstructured data management revolution, and look forward to a bright future helping organizations unlock the value that’s currently trapped in the 80 percent of enterprise information that is not well handled by traditional systems.”
Sequoia Capital provides venture capital funding to founders of startups who want to turn business ideas into companies. As the “Entrepreneurs Behind the Entrepreneurs,” Sequoia Capital’s Partners have worked with innovators such as Steve Jobs of Apple Computer, Larry Ellison of Oracle, Bob Swanson of Linear Technology, Sandy Lerner and Len Bozack of Cisco Systems, Dan Warmenhoven of Network Appliance, Jerry Yang and David Filo of Yahoo!, Jen-Hsun Huang of NVIDIA, Michael Marks of Flextronics, Larry Page and Sergey Brin of Google, Chad Hurley and Steve Chen of YouTube, Dominic Orr and Keerti Melkote of Aruba Wireless Networks, and Jonathan Kaplan of Pure Digital. To learn more about Sequoia Capital visit www.sequoiacap.com.
Tenaya Capital is a leading venture capital firm with offices in Menlo Park, California and Boston, Massachusetts. Founded in 1995 as Lehman Brothers Venture Partners, Tenaya became an independent company in 2009. Tenaya manages over $1 billion of committed capital, investing in a wide range of high-growth technology companies in industries including software, consumer Internet, communications, semiconductors, electronics, and cleantech. To learn more about Tenaya Capital go to www.tenayacapital.com.
MarkLogic helps customers create value from complex data faster. Our platform ingests data from any source, creating and refining metadata to support powerful models. Customers use these models for deep search and query, building enterprise applications and bringing unique insights to analytics and machine learning.
Vector Capital is a San Francisco-based leading global private equity firm focused on transformative investments in technology and technology-enabled businesses. Founded in 1997, Vector oversees approximately $4 billion of capital across its private equity and credit strategies from a variety of investors including university endowments, foundations, and financial institutions. With our disciplined approach to valuation and deep-rooted operational experience, Vector has generated competitive returns and established a successful track record spanning nearly 25 years. For more information, please visit www.vectorcapital.com.