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MongoDB raises annual forecasts due to increased usage of Atlas service

Dec 10, 2024over 1 year ago

Contract Type

partnership

New YorkSoftwareSaasinformation technology & services

Description

MongoDB has raised its annual revenue and profit forecasts due to strong growth in the usage of Atlas, its cloud-based database management service. The company expects increased usage from clients, including for workloads involving artificial intelligence.

Company Information

Company

MongoDB

Location

1633 Broadway

New York, New York, United States

About

MongoDB's mission is to empower innovators to create, transform, and disrupt industries by unleashing the power of software and data. Built by developers, for developers, our developer data platform is a database with an integrated set of related services that allow development teams to address the growing requirements for today's wide variety of modern applications, all in a unified and consistent user experience. MongoDB has tens of thousands of customers in over 100 countries. The MongoDB database platform has been downloaded hundreds of millions of times since 2007, and there have been millions of builders trained through MongoDB University courses.

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Based on industry data
Strategic partnership established
Partnership agreements typically involve technology integration and joint go-to-market strategies
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Companies with recent agreements are 2.3x more likely to make additional purchases within 6 months