{"id":24953,"date":"2021-06-22T06:19:49","date_gmt":"2021-06-22T06:19:49","guid":{"rendered":"https:\/\/rbsitsoftwaresolution.com\/blog\/what-does-red-hats-sale-to-ibm-tell-us-about-couchbases-valuation.html"},"modified":"2021-06-22T06:19:49","modified_gmt":"2021-06-22T06:19:49","slug":"what-does-red-hats-sale-to-ibm-tell-us-about-couchbases-valuation","status":"publish","type":"post","link":"https:\/\/www.rbsitsoftwaresolution.in\/blog\/what-does-red-hats-sale-to-ibm-tell-us-about-couchbases-valuation.html","title":{"rendered":"What does Red Hat\u2019s sale to IBM tell us about Couchbase\u2019s valuation?"},"content":{"rendered":"

The IPO rush<\/a><\/span> of 2021 continued this week with a fresh filing from NoSQL provider Couchbase<\/a>. The company raised hundreds of millions<\/a> while private, making its impending debut an important moment for a number of private investors, including venture capitalists.<\/p>\n

According to PitchBook data<\/a>, Couchbase was last valued at a post-money valuation of $580 million when it raised $105 million in May 2020. The company \u2014 despite its expansive fundraising history \u2014 is not a unicorn heading into its debut to the best of our knowledge.<\/p>\n

We\u2019d like to uncover whether it will be one when it prices and starts to trade, so we dug into Couchbase\u2019s business model and its financial performance, hoping to better understand the company and its market comps.<\/p>\n

The Couchbase S-1<\/h2>\n

The Couchbase S-1 filing<\/a> details a company that sells database tech. More specifically, Couchbase offers customers database technology that includes what NoSQL can offer (\u201cschema flexibility,\u201d in the company\u2019s phrasing), as well as the ability to ask questions of their data with SQL queries.<\/p>\n

Couchbase\u2019s software can be deployed on clouds, including public clouds, in hybrid environments, and even on-prem setups. The company sells to large companies, attracting 541 customers by the end of its fiscal 2021 that generated $107.8 million in annual recurring revenue, or ARR, by the close of last year.<\/p>\n

Couchbase breaks its revenue into two main buckets. The first, subscription, includes software license income and what the company calls \u201csupport and other\u201d revenues, which it defines as \u201cpost-contract support,\u201d or PCS, which is a package of offerings, including \u201csupport, bug fixes and the right to receive unspecified software updates and upgrades\u201d for the length of the contract.<\/p>\n

The company\u2019s second revenue bucket is services, which is self-explanatory and lower-margin than its subscription products.<\/p>\n

\n

Article source: http:\/\/feedproxy.google.com\/~r\/techcrunchIt\/~3\/-a0HS7m2BXU\/<\/p>","protected":false},"excerpt":{"rendered":"

The IPO rush of 2021 continued this week with a fresh filing from NoSQL provider Couchbase. The company raised hundreds of millions while private, making its impending debut an important <\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[19],"tags":[25],"class_list":["post-24953","post","type-post","status-publish","format-standard","hentry","category-enterprise-software","tag-enterprise"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t