Cockroach Labs Revenue, Valuation, Funding & Investors
Cockroach Labs is valued at $5B as of December 2021, a 9.1x multiple on its last reported $550M revenue.
Last Cockroach Labs valuation
$5B
Series F · Dec 2021
Last Cockroach Labs funding round
$278M
Series F · Dec 2021
Cockroach Labs revenue
$550M
Series F · Dec 2021
Key investors in Cockroach Labs
GV
FirstMark
Benchmark
Index Ventures
Redpoint
Altimeter Capital
About Cockroach Labs
Cockroach Labs is a New York City-headquartered developer of CockroachDB, a cloud-native distributed SQL database designed for high availability and scalability. The open-source solution powers applications at enterprises like Equifax, Bose, and Comcast in finance, retail, and media. Founded in 2015, it supports multi-region deployments without downtime.
Founded
2015
HQ
New York City, NYWebsite
Status
Privately held
Customer focus
B2B
Revenue model
Subscription
Revenue
$550M (Dec 2021)
Valuation
$5B (Dec 2021)
Cockroach Labs Valuation
Cockroach Labs is currently valued at $5B, based on its Series F in December 2021.
The $278M round was led by Greenoaks, with participation from K5 Global, Redpoint, Index Ventures, Lone Pine Capital, GV and 6 other investors.
Cockroach Labs' valuation has grown 2.5x from $2B at its Series E in January 2021 to $5B in December 2021, across 2 priced rounds.
Cockroach Labs valuation by funding round
Revenue multiple| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| Dec 2021 | Series F | $5B | 9.1x |
| Jan 2021 | Series E | $2B | - |
Cockroach Labs Revenue
Cockroach Labs' latest recorded revenue is $550M, as of its Series F in December 2021. At a $5B valuation, that implies a 9.1x revenue multiple.
Cockroach Labs revenue by funding round
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| Dec 2021 | $550M | $5B | 9.1x | Series F |
* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.
Cockroach Labs Funding History
Cockroach Labs has raised a total of $633M across 7 funding rounds.
Cockroach Labs' first fundraising round was a $6M Series A in June 2015. The most recent completed round was a $278M Series F in December 2021.
Cockroach Labs funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Dec 2021 | Series F | Greenoaks (lead); K5 Global; Redpoint; Index Ventures; Lone Pine Capital; GV; FirstMark; Benchmark; Altimeter Capital; JPMorgan Chase; Coatue; Bond | $278M | $5B | Cockroach Labs, creators of the cloud-native distributed SQL database CockroachDB, raised $278 million in a Series F funding round on December 16, 2021, achieving a $5 billion post-money valuation. The round was led by Greenoaks with participation from Altimeter Capital, Benchmark, Bond, Coatue, FirstMark, GV, Index Ventures, JP Morgan Chase, Lone Pine Capital, Redpoint Ventures, and Tiger Global, bringing total funding to $633 million. Funds are earmarked for advancing their cloud database development, customer growth, and market expansion amid rising demand for cloud-native databases. The company serves major customers like Comcast, eBay, and Nubank, reporting tripled annual recurring revenue over the prior year and 500% cloud revenue growth in the last quarter as clients shifted to their database-as-a-service. Cockroach Labs has built strong developer traction with over 22,000 GitHub stars and 500 open-source contributors, alongside 100% year-over-year headcount growth and offices in New York, San Francisco, Toronto, plus clusters in Denver, Seattle, London, and elsewhere. This Series F follows a January 2021 Series E of $160 million at a $2 billion valuation, more than doubling the company's value within the year. Investors highlight Cockroach Labs' leadership in the burgeoning cloud database sector, driven by cloud-first shifts and needs for resilient, scalable transactional data solutions. CEO Spencer Kimball noted ample runway from the capital, potential for this to be their final private round, and ambitions toward an IPO given expansive total addressable market and growth trajectory. |
| Jan 2021 | Series E | Altimeter Capital (lead); Greenoaks; Index Ventures; Lone Pine Capital; GV; FirstMark; Benchmark; Tiger Global; Bond | $160M | $2B | Cockroach Labs is a cloud-native distributed SQL database company headquartered in New York, founded in 2015. The company develops CockroachDB, a resilient, scalable database platform designed for geographically distributed applications serving enterprise customers across banking, media & entertainment, retail, and technology sectors including Comcast, eBay, and Nubank. In December 2021, Cockroach Labs announced a $278 million Series F funding round at a $5 billion post-money valuation, led by Greenoaks with participation from Altimeter, BOND, Benchmark, Coatue, FirstMark, GV, Index Ventures, J.P. Morgan, Lone Pine Capital, Redpoint Ventures, and Tiger Global. This round more than doubled the company's valuation from $2 billion in January 2021, when it raised $160 million in Series E funding. By December 2021, Cockroach Labs had raised a cumulative $633 million across multiple rounds beginning with an $86.6 million Series D in May 2020. The company demonstrated strong traction with 200 paying customers, over 22,000 GitHub stars, and more than 500 open source contributors. The company reported that its cloud revenue grew 500% over the last quarter and annual recurring revenue tripled year-over-year from Q3 to Q3, though the majority of revenue still came from the self-hosted version of the database. CEO Spencer Kimball indicated the company's significant market opportunity and suggested that an initial public offering could be the next major milestone. |
| May 2020 | Series D | Altimeter Capital (lead); Bond (lead); Redpoint; Index Ventures; GV; FirstMark; Benchmark; Sequoia Capital; Tiger Global; Counterpart Advisors | $87M | - | Cockroach Labs, the New York-based company behind CockroachDB—a cloud-native, distributed SQL database designed for resilience, scalability, and multi-cloud flexibility—announced its $86.6 million Series D funding round on May 5, 2020, co-led by Altimeter Capital and BOND, with participation from Benchmark, GV (Google Ventures), Index Ventures, Redpoint Ventures, Sequoia Capital, Tiger Global, and FirstMark Capital. This brought the company's total funding to $195 million following a $55 million Series C in August 2019. The round was positioned amid surging demand for modern data platforms driven by COVID-19 stay-at-home orders, economic uncertainty, and migrations from legacy databases to cloud-native solutions supporting industries like communications, gaming, e-commerce, and financial services. The funding was earmarked for increased R&D investments to enhance CockroachDB's support for enterprises adapting to remote workforces and heightened consumer demand, emphasizing the database's elastic scalability and failure-resistant architecture. Cockroach Labs reported explosive go-to-market growth pre- and during the early pandemic, with customer numbers surging nearly 300% year-over-year as of May 2020. First-year customers showed high retention, doubling usage on average and renewing at over 90%, with notable adopters including Bose, Comcast, and Equifax leveraging the cloud-agnostic platform for transactional data management. The company highlighted broader market tailwinds, including a forecasted 20% growth in public cloud services to $260 billion in 2020 and 75% of databases shifting to cloud by 2022. Cockroach Labs positioned itself as a leader in the evolving distributed DBMS sector, with strong developer traction via open-source contributions. |
| Aug 2019 | Series C | Altimeter Capital (lead); GV (lead); Tiger Global (lead); Redpoint; Index Ventures; FirstMark; Work-Bench; Benchmark | $55M | - | Cockroach Labs announced a $55 million Series C funding round in August 2019, co-led by Altimeter Capital, Tiger Global, and existing investor GV (Google Ventures), with participation from Benchmark, Index Ventures, Redpoint Ventures, FirstMark Capital, and Work-Bench. This round brought the company's total funding to $108.5 million. The company develops CockroachDB, an open-source distributed SQL database designed to maintain data integrity during service outages by implementing concepts from Google's Spanner database. CockroachDB was built by former Google engineers Spencer Kimball, Peter Mattis, and Ben Darnell. The company operates on an open-core business model, offering the database as free open-source software while selling an enterprise version with additional features. Cockroach Labs announced in June 2019 that it would change the licensing model for new versions to prohibit users from running the database as a service without a commercial license for three years after release, a move designed to prevent cloud vendors like Amazon Web Services from commercializing the free version. The company demonstrated strong traction with tens of thousands of developer downloads and over 50 enterprise customers including Lush, Bose, and WeWork. CEO Spencer Kimball indicated that Q1 2019 revenue had doubled compared to 2018, with potential for Q2 to double Q1 figures, though specific revenue amounts were not disclosed. The funding would be used to accelerate sales momentum, expand customer acquisition, hire engineers, and fund product development to compete with incumbents like Oracle and AWS in the database market. |
| May 2017 | Series B | Redpoint (lead); Index Ventures; GV; FirstMark; Benchmark; Palm Drive Capital | $27M | - | Cockroach Labs raised $27 million in a Series B funding round in May 2017, led by Redpoint Ventures, with participation from existing investors Benchmark, FirstMark (also referred to as FirstMark Capital), GV (Google Ventures), and Index Ventures. Redpoint's Satish Dharmaraj joined the board. The round was described as opportunistic due to a favorable valuation and interest from investors not accommodated in the prior Series A1. Funds were allocated to grow the team, invest in product development, and support the customer base. Cockroach Labs develops CockroachDB, a distributed SQL database designed for resilience, scalability, and survival in cloud environments, inspired by the cockroach's ability to replicate and endure. At the time, the company launched its version 1.0 and an Enterprise tier with features like geo-partitioning planned for beta later in 2017 to address large-scale problems for enterprises. Early adopters, mainly startups, deployed it even during beta, indicating strong community interest despite entering a competitive database market. The company anticipated milestones such as announcing more marquee customers in production and publishing case studies on CockroachDB deployments solving complex data problems within six months. This Series B followed a Series A1 extension of $20.3 million in March 2016 led by Index Ventures and an initial Series A of $6.3 million in June 2015 led by Benchmark. |
| Mar 2016 | Series A | Index Ventures (lead); GV; FirstMark; Work-Bench; Benchmark | $20M | - | Cockroach Labs, the company behind the open-source distributed SQL database CockroachDB designed for resilience across data centers and cloud infrastructure, raised $20.3 million in a Series A extension round on March 30, 2016, led by Index Ventures with participation from Benchmark, FirstMark Capital, and GV. This followed an initial Series A of $6.3 million in June 2015 led by Benchmark. The funding aimed to accelerate go-to-market efforts and broaden the developer ecosystem. CockroachDB targeted enterprise customers needing high availability for applications during outages. Early traction focused on engineering expansion and developer adoption. Later rounds show growth: Series B $27M in May 2017 led by Redpoint; Series C $55M in 2019; up to Series F $278M at $5B valuation in December 2021, with total funding over $633M. |
| Jun 2015 | Series A | Benchmark (lead); SV Angel; GV; FirstMark; Techammer; Sequoia Capital; Moisey Uretsky; Florian Leibert | $6M | - | Cockroach Labs raised $6.3 million in its initial Series A funding round on June 4, 2015, led by Benchmark, with participation from FirstMark Capital, Google Ventures (GV), Sequoia Capital, and others including SV Angel. The funding supported further development of CockroachDB, a distributed SQL database designed for high scalability and resilience, and expansion of early engineering teams from 9 to 15-20 staff by year-end. Cockroach Labs, founded in 2015 and headquartered in New York, aimed to build developer adoption and an open-source community around CockroachDB, which shares characteristics with Google's Spanner for consistent data availability. |
Who has invested in Cockroach Labs?
21 investors have backed Cockroach Labs across its funding rounds, including GV, FirstMark, Benchmark, Index Ventures, Redpoint and Altimeter Capital.
Lead investors include Greenoaks, Altimeter Capital, Bond, GV, Tiger Global and 3 other investors.
Cockroach Labs Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| San Francisco, CA | 7 | Lead | Jun 2015 | |
| New York City, NY | 7 | Participant | Jun 2015 | |
| San Francisco, CA | 7 | Lead | Jun 2015 | |
 London | 6 | Lead | Mar 2016 | |
| San Francisco, CA | 4 | Lead | May 2017 | |
| San Francisco, CA | 4 | Lead | Aug 2019 | |
| New York City, NY | 3 | Lead | Aug 2019 | |
| San Francisco, CA | 3 | Lead | May 2020 | |
| San Francisco, CA | 2 | Lead | Jan 2021 | |
| Greenwich, CT | 2 | Participant | Jan 2021 | |
| New York City, NY | 2 | Participant | Mar 2016 | |
| San Francisco, CA | 2 | Participant | Jun 2015 | |
| San Francisco, CA | 1 | Participant | Dec 2021 | |
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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialInvestments by Cockroach Labs
Cockroach Labs has invested in 1 company to date.
Latest investment by Cockroach Labs was on February 23rd 2017. Cockroach Labs invested in Storj in their $3M Seed round.
Latest Investments by Cockroach Labs
| Description | Storj is a Seattle-headquartered decentralized cloud storage provider founded in 2018. Developers store object data across a global network of nodes using end-to-end encryption and erasure coding for redundancy. The S3-compatible platform supports applications with tools like SDKs in Go, JavaScript, and Python, alongside partnerships with Wasabi and Backblaze for hybrid deployments. |
| HQ Country | |
| HQ City | Atlanta, GA |
| Deal Date | 23 Feb 2017 |
| Round | Seed |
| Raised | $3M |
| Investors | Qualcomm Ventures; Pindrop; GV; Lobster Capital; Ionic Security; Tank Stream Ventures; BnkToTheFuture; GVA Capital; Techstars |
| Valuation | undisclosed |
| EV/Revenue | |
| EV/EBITDA | |
This data is available for Pro users. Sign up to see all Cockroach Labs investments and their VC round multiples. Start Free Trial | |
Cockroach Labs Competitors
Cockroach Labs competitors include listed companies like CommVault Systems and Dameng Database, and private ones like DataDirect Networks, Collibra, Fivetran and Eon.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Los Angeles, CA | Private | $750M | - | $5B | 6.7x | |
 Brussels | Private | $150M | - | $5.3B | 35.0x | |
| San Francisco, CA | Private | $125M | - | $5.6B | 44.8x | |
| United States | Publicly listed | $1.2B | $84M | $6.2B | 5.0x | |
| New York City, NY | Private | - | - | $4B | - | |
 China | Publicly listed | $195M | $84M | $3.4B | 12.5x |
Cockroach Labs Public Comps
Cockroach Labs is still privately-owned, but its public comps include Xunce Technology, CommVault Systems, Dameng Database, Teradata, Oracle Corp Japan, Business-intelligence, Transwarp, TRS Information Technology, e-Hualu and BTQ Technologies.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $192M | ($15M) | 21.3x | 13.4x | (264.0x) | 415.8x | |||
| $1.2B | $84M | 5.2x | 5.0x | 72.9x | 23.2x | |||
| $195M | $84M | 15.3x | 12.5x | 35.5x | 27.6x | |||
| $1.7B | $285M | 1.4x | 1.5x | 8.4x | 5.3x | |||
| $1.8B | $589M | 3.9x | 3.9x | 12.1x | 12.2x | |||
| $389M | $54M | 6.6x | 5.9x | 47.7x | - | |||
| $67M | ($31M) | 27.5x | 28.0x | (59.8x) | - | |||
| $76M | ($20M) | 19.3x | 19.7x | (73.5x) | 478.8x | |||
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Common questions about Cockroach Labs
| When was Cockroach Labs founded? | Cockroach Labs was founded in 2015. |
| Where is Cockroach Labs headquartered? | Cockroach Labs is headquartered in New York City, NY, United States. |
| Is Cockroach Labs publicly listed? | No, Cockroach Labs is a private, VC-backed company. |
| What is Cockroach Labs' valuation? | Cockroach Labs was last valued at $5B in its Series F in December 2021. |
| How much funding has Cockroach Labs raised? | Cockroach Labs has raised $633M across 7 funding rounds. |
| What was Cockroach Labs' last funding round? | Cockroach Labs' last funding round was a $278M Series F in December 2021, led by Greenoaks. |
| Who are Cockroach Labs' investors? | Cockroach Labs' investors include GV, FirstMark, Benchmark, Index Ventures, Redpoint, Altimeter Capital, Tiger Global, Bond, Greenoaks, Lone Pine Capital and 11 others. |
| What is Cockroach Labs' revenue? | Cockroach Labs' latest recorded revenue is $550M (December 2021). |
| What is Cockroach Labs' revenue multiple? | Cockroach Labs' latest valuation implies a 9.1x revenue multiple ($5B valuation on $550M of revenue). |
| Which companies are comparable to Cockroach Labs? | Companies comparable to Cockroach Labs include DataDirect Networks, Collibra, Fivetran, CommVault Systems, Eon and Dameng Database. |
| How many companies has Cockroach Labs invested in? | Cockroach Labs has invested in 1 company, including Storj. |
| What was Cockroach Labs' last investment? | In February 2017, Cockroach Labs invested in Storj's $3M seed round alongside Qualcomm Ventures, Pindrop, GV and 6 other investors. |
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