MongoHQ Raises $417K From Y Combinator, Lerer And SV Angel

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Data hosting platform MongoHQ has raised $417K in financing in order to expand their hosting configuration service for developers who use MongoDB for data storage. Paul Graham’s Y Combinator, Start Fund, SV Angel and Lerer Ventures took part in the funding.

First on the MongoDB database hosting scene, MongoHQ is in the same space as MongoLab and differentiates itself by adding enterprise level functionalities, aiming to provide users with the maximum amount of uptime with its new replica set feature, which gives developers the option to create databases across three EC2 boxes in three different availability zones.

Currently MongoHQ boasts over 7K users, with over 12K databases hosting around 20 Terabytes of data. Founded in 2009, the company is already profitable, and already has a significant international presence

According to co-founder Jason McCay, the company plans on using the funding to invest in infrastructure and hire additional engineers. They also plan on listening to user feedback and expanding into dedicated boxes and data optimization this summer. “Our goal is to become the data layer for applications,” McCay tells me.