MongoDB

MongoDB’s three founders, Dwight Merriman, Eliot Horowitz and Kevin Ryan, had all worked at the online advertising company DoubleClick, which was later acquired by Google. The company says that while scaling that system to serve more than 400,000 ads per second they learned the limitations of relational databases and believed they could design a more scalable and flexible way to store and manage data at high volume and velocity.⁠[1][1]

In November 2007 the company was incorporated in Delaware under the name 10Gen, Inc. According to the company, Merriman and Horowitz saw an opportunity in the rise of cloud computing and decided to build a developer-centric platform with a document-based data model and an open development approach.⁠[2][1][1]

In 2009 the company launched MongoDB, whose name comes from “humongous database,” together with the free MongoDB Community Server, with the goal of a next-generation data platform that could handle large volumes of unstructured data and scale easily. As of the end of fiscal 2026, Community Server had been downloaded more than 700 million times from the company’s website alone since February 2009.⁠[1][1][2][3]

In 2013 the company launched MongoDB Enterprise Advanced, a self-managed commercial subscription for enterprise customers that can run in the cloud, on-premises or in hybrid environments, including a proprietary database server, advanced security, management tools such as Ops Manager, the graphical interface Compass, analytics integrations, technical support and a commercial license.⁠[2][2][2][2]

On August 27, 2013, the company changed its name to MongoDB, Inc.; the company explained that the MongoDB product had been so successful.⁠[2][1]

In September 2014 Dev Ittycheria became MongoDB’s President and Chief Executive Officer and joined the board, serving as CEO until November 2025. He had previously co-founded the software company BladeLogic and served as its CEO, became President of Enterprise Management at BMC Software after BMC acquired BladeLogic, and worked in venture capital at Greylock Partners and OpenView Venture Partners. According to the company, MongoDB’s annual revenue grew from about $35 million to more than $2.3 billion during his tenure.⁠[4][4][4][4][4][5]

In June 2016 the company launched MongoDB Atlas, a hosted multi-cloud database-as-a-service that the company runs and manages in the public cloud, offering features such as automated provisioning and healing and billed by usage. By the second quarter of 2018, Atlas revenue was growing more than 400% year over year, and it could be deployed on Amazon Web Services, Microsoft Azure and Google Cloud Platform.⁠[3][3][3][6][6]

MongoDB’s final IPO prospectus was dated October 18, 2017. The company sold 8 million shares of Class A common stock at $24 per share, raising $192 million in gross proceeds, and listed on the Nasdaq Global Market under the symbol MDB, with Morgan StanleyMorgan StanleyMorgan Stanley is an American global financial services firm that grew from an investment banking partnership into a publicly traded financial group spanning investment banking, securities trading, wealth management, and investment management.Open the full entry and Goldman Sachs as lead underwriters. The company had a dual-class structure: Class A shares carried one vote each and Class B shares ten votes each, and after the offering Class B shares held about 98% of total voting power. The shares closed on October 23, 2017.⁠[2][2][2][2][2][2][2][7]

The prospectus showed revenue of $40.8 million, $65.3 million and $101.4 million for the fiscal years ended January 31, 2015, 2016 and 2017, with net losses of $76.7 million, $73.5 million and $86.7 million; as of July 31, 2017, the company had more than 4,300 customers in more than 85 countries. At the time Dev Ittycheria was CEO, co-founder Eliot Horowitz was Chief Technology Officer and Kevin Ryan was Chairman.⁠[2][2][2][2][2]

On October 9, 2018, MongoDB announced a definitive agreement to acquire mLab, a San Francisco-based cloud database service, to deepen its relationships with developer-centric startup communities; mLab then hosted about one million databases across free and paid tiers. The deal closed on November 1, 2018.⁠[6][6][6][8]

On October 16, 2018, MongoDB issued a new software license, the Server Side Public License (SSPL); all Community Server versions released afterward (including patches to earlier versions) are licensed under the SSPL, while earlier versions remain under the GNU AGPLv3. The SSPL is based on the AGPL, with the main change being an explicit requirement that organizations offering MongoDB as a third-party service publish the source code of all programs used to offer that service; the company submitted the SSPL to the Open Source Initiative for approval.⁠[9][9][3][3][9]

Co-founder and CTO Horowitz said that once an open source project becomes valuable, it is too easy for cloud vendors that did not develop the software to capture all of the value while contributing little back; CEO Ittycheria said the company had invested about $300 million in R&D over the past decade. The company later disclosed in the risk factors of its annual reports that the decision to offer Community Server under the SSPL may harm its adoption.⁠[9][9][3]

On May 7, 2019, MongoDB completed its acquisition of Realm (legal entity Tightdb, Inc.), developer of a mobile application database and data synchronization technology; by fiscal 2021 Realm had been fully integrated with MongoDB Atlas, and in the same period Atlas Search, Atlas Data Lake and Atlas Online Archive became generally available.⁠[8][8][10][10]

On June 11, 2020, because Class B common stock had fallen below the threshold set in the company’s charter, all outstanding Class B shares automatically converted one-for-one into Class A shares under the charter, and no further Class B shares will be issued; former Class B holders’ ten votes per share became one vote per share.⁠[11][11][11][11]

On June 29, 2020, MongoDB announced the appointment of Mark Porter as Chief Technology Officer, effective July 20, 2020, and he stepped down from the company’s board. Porter had previously been CTO of Core Technology and Transport at Grab, earlier led database services such as RDS and Amazon Aurora at Amazon Web Services, and served as a Vice President of Engineering at Oracle.⁠[12][12][12][12][12]

On December 9, 2024, MongoDB’s Chief Operating Officer and Chief Financial Officer, an executive named Michael Gordon, announced that he would leave on January 31, 2025, and become an adviser; the same day, Chief Revenue Officer Cedric Pech was promoted to President, Field Operations, responsible for functions including customer success, professional services and go-to-market. On February 1, 2025, Senior Vice President of Finance Srdjan (Serge) Tanjga became Interim Chief Financial Officer.⁠[13][13][13][14]

On February 17, 2025, MongoDB acquired Voyage AI Innovations, Inc., a company specializing in embedding and reranking models, for about $220 million in cash and stock (subject to customary adjustments), announcing the deal on February 24. The company said integrating Voyage AI’s retrieval technology with its database would improve the accuracy of retrieval in AI applications and reduce model “hallucinations”; Voyage AI’s models had already been used by AnthropicAnthropicAnthropic is an artificial intelligence research and product company founded in 2021 that develops the Claude models, assistant, and tools such as Claude Code, and operates as a public benefit corporation. Dario Amodei and Daniela Amodei are its co-founders, and its research covers model safety, interpretability, and steerability.Open the full entry, LangChain, Harvey and Replit, and its founder is Tengyu Ma.⁠[15][15][16][3][16][16]

On April 21, 2025, the company disclosed that Interim CFO Tanjga would resign on May 8; on April 28 it announced the appointment of former NetApp CFO Mike Berry as Chief Financial Officer, effective May 27, 2025. Berry had previously served as CFO at McAfee, FireEye, Informatica, IO, SolarWinds and i2 Technologies.⁠[17][18][18]

On November 3, 2025, MongoDB announced that Dev Ittycheria, after 11 years leading the company, was retiring from a full-time operating role, resigning as President and CEO (effective November 9, 2025) while remaining on the board and serving as an adviser during the transition; after a search supported by an executive search firm, the board appointed Chirantan (CJ) Desai as President and CEO and a director, effective November 10, 2025. Desai had been President of Product and Engineering at Cloudflare, earlier President and Chief Operating Officer at ServiceNow, and had also worked at EMC, Symantec and Oracle.⁠[19][20][19][19][19][19][19][19]

On February 27, 2026, President, Field Operations Cedric Pech notified the company that he would resign on April 15, 2026, remaining as an adviser until then. On February 26 the board appointed Kong Phan, formerly Chief Accounting Officer of Confluent, as Chief Accounting Officer, effective April 14, 2026; until then CFO Berry served as interim principal accounting officer.⁠[21][21][21][21][21]

On March 2, 2026, MongoDB reported results for fiscal 2026, ended January 31, 2026: full-year total revenue of $2.4638 billion, up 23% (from $2.0064 billion in the prior year), including subscription revenue of $2.3860 billion and services revenue of $77.8 million; Atlas accounted for 73% of total revenue (70% and 66% in the two prior years) and Enterprise Advanced for 20%. The full-year net loss was $71.2 million (prior year $129.1 million), and the accumulated deficit was $1.9 billion as of January 31, 2026.⁠[22][3][3][3][3]

As of January 31, 2026, the company had more than 65,200 paying customers (excluding free users) in more than 100 countries, adding about 2,700 during the year; its net ARR expansion rate was 121%; it had 5,636 employees, 2,927 of them outside the United States; and revenue from outside the United States was 46% of the total. In the fourth quarter of fiscal 2026 the company posted net income of $15.5 million.⁠[3][3][22][3][3][3][22]

On September 1, 2026, MongoDB reported results for the second quarter of fiscal 2027, ended July 31, 2026: total revenue of $771.8 million, up 30% year over year, which CEO Desai called the highest growth in several years; Atlas revenue grew about 29%; GAAP net income was $40.9 million (compared with a net loss of $47.0 million a year earlier), which the company called its third consecutive quarter of positive earnings per share; and cash, cash equivalents, short-term investments and restricted cash totaled $2.4 billion as of July 31. The company also raised its full-year guidance.⁠[23][23][23][23][23][23][23][23]

MongoDB’s board approved a share repurchase program of up to $200 million in February 2025 and added $800 million in June 2025 to bring it to $1 billion; on September 25, 2026, it added another $1 billion, for a total authorization of $2 billion, with $1.3537 billion remaining available as of September 29. On September 29 the company held an Investor Day at Nasdaq MarketSite to present its long-term strategy.⁠[3][24][24][5][24]

On September 24, 2026, CJ Desai notified the company that he would resign as President and CEO and as a director, effective September 28; the company said his departure was not due to any disagreement with the company and that he was leaving for a senior role at Meta Platforms. On September 26 the board appointed Dev Ittycheria as Interim President and CEO, effective September 28 and serving until a successor is chosen; the board retained an executive search firm to find a permanent CEO and reaffirmed the guidance issued on September 1. Since September 2026 Ittycheria has also been a Partner and Senior Advisor at Sequoia Capital.⁠[4][4][5][4][5][5][4]

On October 14, 2026, Ittycheria signed an employment agreement with the company effective September 28: an annual base salary of $500,000, a one-time sign-on bonus of $500,000, a target bonus of 70% of base salary, and a grant of restricted stock units worth $15 million vesting in four quarterly installments during 2027; he must continue serving the company for at least 12 months after a new CEO starts.⁠[25][25][25][25][25]

At MongoDB’s core is a general-purpose database built on a document model that can be deployed in the cloud, on-premises or in hybrid environments. Its commercial products fall into two categories: the hosted service Atlas, which the company runs in the public cloud and bills mainly by usage, and Enterprise Advanced, a self-managed proprietary commercial edition. The company also offers the free-to-download Community Server and a free tier of Atlas as “freemium” entry points to attract developers and convert them into paying customers. As of October 2026 the company describes itself as “the intelligent data platform for the AI era,” and its products also include search, vector search and Voyage AI’s embedding and reranking models.⁠[3][3][3][3][5][5]

Unlike companies built on third-party open source projects, MongoDB says it owns the intellectual property of its products because it developed the software itself. In September 2026 the company said it had more than 70,000 customers, including about 75% of the Fortune 100.⁠[3][5]

MongoDB is headquartered in New York City; as of January 31, 2026, its headquarters occupied about 106,000 square feet under a lease expiring in December 2029, and the company leased more than 60 other offices worldwide, the largest in Dublin, Palo Alto, Singapore, Gurgaon and London.⁠[3][3]

As of October 2026, Dev Ittycheria is Interim President and CEO, Mike Berry is CFO, Jim Scharf, who spent 17 years at Amazon Web Services, is CTO, and Tom Killalea is Chairman of the Board; co-founder Dwight Merriman remains on the board.⁠[26][26][26][26][5][3]

MongoDB: Official website: https://www.mongodb.com/ (opens in a new window).⁠[2]

MongoDB Investor Relations: Official website: https://investors.mongodb.com/ (opens in a new window).⁠[18]

GitHub: Public account: https://github.com/mongodb (opens in a new window)⁠[27]

X: Public account: https://x.com/mongodb (opens in a new window)⁠[27]

LinkedInLinkedInLinkedIn is a social networking platform for professionals. It was founded in 2002 by Reid Hoffman and others, launched in 2003, and listed on the New York Stock Exchange in 2011; after Microsoft acquired it for approximately $26.2 billion in 2016, it became a wholly owned Microsoft subsidiary. Its revenue comes from membership subscriptions, advertising, and recruitment solutions.Open the full entry: Public profile: https://www.linkedin.com/company/mongodbinc/ (opens in a new window)⁠[27]

YouTubeYouTubeYouTube is Google’s video-sharing and creator platform, founded in 2005 by Steve Chen, Chad Hurley, and Jawed Karim and acquired by Google in 2006. Built around video uploading, viewing, and creator earnings, the platform has developed Shorts, YouTube Music, Premium, YouTube TV, and products for children, and is headquartered in San Bruno, California, United States.Open the full entry: Public channel: https://www.youtube.com/user/mongodb (opens in a new window)⁠[27]

YouTube: Public channel (developers): https://www.youtube.com/@MongoDBDevelopers (opens in a new window)⁠[27]