Scaling CockroachDB in the red ocean of relational databases

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Scaling CockroachDB in the red ocean of relational databases – TechCrunch





























CockroachDB EC-1 Part 4: Competitive landscape and future

Most database startups avoid building relational databases, since that market is dominated by a few goliaths. Oracle, MySQL and Microsoft SQL Server have embedded themselves into the technical fabric of large- and medium-size companies going back decades. These established companies have a lot of market share and a lot of money to quash the competition.

So rather than trying to compete in the relational database market, over the past decade, many database startups focused on alternative architectures such as document-centric databases (like MongoDB), key-value stores (like Redis) and graph databases (like Neo4J). But Cockroach Labs went against conventional wisdom with CockroachDB: It intentionally competed in the relational database market with its relational database product.

While it did face an uphill battle to penetrate the market, Cockroach Labs saw a surprising benefit: It didn’t have to invent a market. All it needed to do was grab a share of a market that also happened to be growing rapidly.

Cockroach Labs has a bright future, compelling technology, a lot of money in the bank and has an experienced, technically astute executive team.

In previous parts of this EC-1, I looked at the origins of CockroachDB, presented an in-depth technical description of its product as well as an analysis of the company’s developer relations and cloud service, CockroachCloud. In this final installment, we’ll look at the future of the company, the competitive landscape within the relational database market, its ability to retain talent as it looks toward a potential IPO or acquisition, and the risks it faces.

CockroachDB’s success is not guaranteed. It has to overcome significant hurdles to secure a profitable place for itself among a set of well-established database technologies that are owned by companies with very deep pockets.

It’s not impossible, though. We’ll first look at MongoDB as an example of how a company can break through the barriers for database startups competing with incumbents.

When life gives you Mongos, make MongoDB

Dev Ittycheria, MongoDB CEO, rings the Nasdaq Stock Market Opening Bell. Image Credits: Nasdaq, Inc

MongoDB is a good example of the risks that come with trying to invent a new database market. The company started out as a purely document-centric database at a time when that approach was the exception rather than the rule.

Web developers like document-centric databases because they address a number of common use cases in their work. For example, a document-centric database works well for storing comments to a blog post or a customer’s entire order history and profile.


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Disrupt 2021 stands to be the best Disrupt yet. We have an incredible lineup of speakers both on the Disrupt Stage and the Extra Crunch Stage. And, of course, we can’t forget the Startup Battlefield, which has been a launch pad for some of the biggest tech companies in the world today, including Dropbox, Mint […]n”,”protected”:false},”author”:24273062,”featured_media”:2127639,”comment_status”:”open”,”ping_status”:”closed”,”sticky”:false,”template”:””,”format”:”standard”,”meta”:{“outcome”:””,”status”:””,”crunchbase_tag”:0,”amp_status”:””,”relegenceEntities”:[],”relegenceSubjects”:[],”carmot_uuid”:”9e10494e-437d-3f44-b43d-3e99943c518a”},”categories”:[17396],”tags”:[],”crunchbase_tag”:[],”tc_stories_tax”:[],”tc_ec_category”:[],”tc_event”:[576832191],”jetpack_featured_media_url”:”https://techcrunch.com/wp-content/uploads/2021/03/TC_Disrupt_21_WebOverviewCard_2000x1155-1.png”,”shortlink”:”https://tcrn.ch/3iiNry3″,”rapidData”:{“pt”:””,”pct”:””},”premiumContent”:false,”premiumCutoffPercent”:1,”featured”:false,”subtitle”:””,”seoTitle”:””,”editorialContentProvider”:””,”seoDescription”:””,”tc_cb_mapping”:[],”associatedEvent”:{“ad”:{“display”:true,”title”:”Get your pass to attend TechCrunch’s flagship event of the year for under $99 for a limited time!”,”override_link”:”https://techcrunch.com/events/tc-disrupt-2021?promo=tcartlclead&display=true”},”date”:1632182400,”link”:”https://techcrunch.com/events/tc-disrupt-2021/”,”livestreams”:false,”status”:”pre”,”title”:”TechCrunch Disrupt 2021″,”termID”:576832191},”event”:2080978,”authors”:[24273062],”hide_featured_image”:false,”canonical_url”:”https://techcrunch.com/2021/07/15/announcing-the-agenda-for-the-disrupt-stage-this-september/”,”_links”:{“self”:[{“href”:”https://techcrunch.com/wp-json/wp/v2/posts/2176950″}],”collection”:[{“href”:”https://techcrunch.com/wp-json/wp/v2/posts”}],”about”:[{“href”:”https://techcrunch.com/wp-json/wp/v2/types/post”}],”replies”:[{“embeddable”:true,”href”:”https://techcrunch.com/wp-json/wp/v2/comments?post=2176950″}],”version-history”:[{“count”:18,”href”:”https://techcrunch.com/wp-json/wp/v2/posts/2176950/revisions”}],”predecessor-version”:[{“id”:2178327,”href”:”https://techcrunch.com/wp-json/wp/v2/posts/2176950/revisions/2178327″}],”authors”:[{“embeddable”:true,”href”:”https://techcrunch.com/wp-json/tc/v1/users/24273062″}],”https://techcrunch.com/edit”:[{“href”:”https://techcrunch.com/wp-admin/post.php?post=2176950&action=edit”}],”author”:[{“embeddable”:true,”href”:”https://techcrunch.com/wp-json/tc/v1/users/24273062″}],”wp:featuredmedia”:[{“embeddable”:true,”href”:”https://techcrunch.com/wp-json/wp/v2/media/2127639″}],”wp:attachment”:[{“href”:”https://techcrunch.com/wp-json/wp/v2/media?parent=2176950″}],”wp:term”:[{“taxonomy”:”category”,”embeddable”:true,”href”:”https://techcrunch.com/wp-json/wp/v2/categories?post=2176950″},{“taxonomy”:”post_tag”,”embeddable”:true,”href”:”https://techcrunch.com/wp-json/wp/v2/tags?post=2176950″},{“taxonomy”:”_tc_cb_tag_taxonomy”,”embeddable”:true,”href”:”https://techcrunch.com/wp-json/wp/v2/crunchbase_tag?post=2176950″},{“taxonomy”:”tc_stories_tax”,”embeddable”:true,”href”:”https://techcrunch.com/wp-json/wp/v2/tc_stories_tax?post=2176950″},{“taxonomy”:”tc_ec_category”,”embeddable”:true,”href”:”https://techcrunch.com/wp-json/wp/v2/tc_ec_category?post=2176950″},{“taxonomy”:”tc_event”,”embeddable”:true,”href”:”https://techcrunch.com/wp-json/wp/v2/tc_event?post=2176950″}],”curies”:[{“name”:”wp”,”href”:”https://api.w.org/{rel}”,”templated”:true}]},”_embedded”:{“authors”:[{“id”:24273062,”name”:”Jordan Crook”,”url”:””,”description”:””,”link”:”https://techcrunch.com/author/jordan-crook/”,”slug”:”jordan-crook”,”avatar_urls”:{“24″:”https://secure.gravatar.com/avatar/3311dfd2a72b8ea26707777a79acda77?s=24&d=identicon&r=g”,”48″:”https://secure.gravatar.com/avatar/3311dfd2a72b8ea26707777a79acda77?s=48&d=identicon&r=g”,”96″:”https://secure.gravatar.com/avatar/3311dfd2a72b8ea26707777a79acda77?s=96&d=identicon&r=g”},”links”:{“homepage”:”http://techcrunch.com”,”twitter”:”https://twitter.com/jordanrcrook”,”facebook”:””,”linkedin”:””,”crunchbase”:”https://www.crunchbase.com/person/jordan-crook”},”position”:”Managing Editor”,”cbDescription”:”

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She has written for publications such as Mobile Marketer and MobileBurn.rnrn

She is now a Managing Editor at TechCrunch.rnrn

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She has written for publications such as Mobile Marketer and MobileBurn.rnrn

She is now a Managing Editor at TechCrunch.rnrn

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2020 financial performance explains its big new $33B valuation”},”content”:{“rendered”:”

News broke this morning that Revolut, a U.K.-based consumer fintech player, raised a Series E round of funding worth $800 million at a valuation of $33 billion. Those figures are breathtaking not only due to their sheer scale, but also thanks to their radical divergence from Revolut’s preceding funding event.n

At times, The Exchange, TechCrunch’s markets-and-startups column, runs into two topics worth exploring in a single day. Today is such a day. You can check out our earlier notes on the buy now, pay later startup market and Apple’s entrance into the BNPL space here. Now, let’s talk about neobanks.n

As TechCrunch’s Ingrid Lunden wrote earlier today concerning the news:n

This latest Series E is being co-led byu00a0Softbank Vision Fund 2 and Tiger Global, who appear to be the only backers in this round. It comes on the heels ofu00a0rumors earlier this monthu00a0Revolut was raising big. Revolut last raised about a year ago, when itu00a0closed out a Series D at $580 million, but what is stunning is how much its valuation has changed since then, growing 6x (it was $5.5 billion last year).n

Stunning indeed.n

Lunden also went on to report on the company’s changing financial picture based on Revolut’s recently released 2020 results. In this entry, we’re digging more deeply into those financial results and usage metrics detailed by the fintech megacorn.n


n

The Exchange explores startups, markets and money. n

Read it every morning on Extra Crunch or get The Exchange newsletter every Saturday.n


n

The picture that emerges is one of a company with a rapidly improving financial image, albeit with some blank spaces regarding recent customer growth.n

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