MongoDB, Inc. (MDB)

MongoDB is a developer data platform company that offers an integrated set of database and related services built around a modern, general purpose database with a document-based architecture designed to deliver performance, scalability, flexibility and reliability while retaining the strengths of relational databases. The platform targets development teams building and modernizing applications, including generative AI applications, and positions itself against legacy relational databases and other non-relational alternatives. Beyond the core database, the platform includes search, vector search, time series, data lifecycle management, application-driven analytics and edge capabilities, which are intended to reduce the need for single-purpose data technologies.

Customers can run the platform fully managed as a service or self-managed in the cloud, on-premises or in hybrid environments. Its main offerings are MongoDB Atlas, a managed multi-cloud database-as-a-service available in more than 110 regions across AWS, Google Cloud Platform and Microsoft Azure, which represented 66% of total revenue in fiscal 2024 and includes features such as Atlas Search, Atlas Vector Search, Device Sync, Data Federation, Charts and Stream Processing; and MongoDB Enterprise Advanced, a proprietary self-managed subscription offering for enterprises that includes the enterprise database server, management tools (Cloud Manager Premium and Ops Manager) and analytics integrations, representing 26% of revenue. Professional services, including consulting and training, made up 3% of revenue and support customer deployment, retention and expansion.

To drive developer adoption, the company offers freemium products, namely the free-to-download Community Server, downloaded over 500 million times since 2009, and a free tier of Atlas, and it owns the intellectual property of its software, which supports its proprietary subscription model. It sells to organizations of all sizes across a broad range of industries through self-serve and direct sales, with a focus on enterprises that invest heavily in application development. Its growth strategies include acquiring new customers, expanding within existing customers (net ARR expansion rate consistently above 120%), extending product leadership, fostering its developer community (including MongoDB University), growing a partner ecosystem of cloud providers, systems integrators and software vendors such as Alibaba Cloud, Tencent Cloud, IBM, Accenture and others, and expanding internationally, where 46% of fiscal 2024 revenue was generated outside the United States.

As of January 31, 2024, the company had 5,037 employees.