MongoDB raises $150M in financing

MongoDB, the technology company that provides database services, has secured $150 million in financing from investors including, Intel Capital and Sequoia Capital.

MongoDB helps organizations store and process information in open-source databases. The 320-person firm has raised $231 million since its founding in 2007. The software has more than 5 million downloads, with customers including MetLife, IBM and Goldman Sachs.

The new investments will help MongoDB hire 200 people and add additional features to its offerings, including management capabilities, more security and integration with third-party software, chief executive Max Schireson said.

Among MongoDB’s offices is one in Reston, which focuses on government clients.

— Mohana Ravindranath

Microsoft cuts prices in fight with Amazon

Microsoft unveiled price cuts for Web services, seeking to catch up to market-leader in cloud computing.

Starting Nov. 1, Microsoft will offer discounts for its Windows Azure cloud service as well as annual payment plans for customers signing long-term contracts, said Satya Nadella, Microsoft’s cloud and enterprise chief.

Microsoft, the world’s largest software maker, has pledged to match its rival’s prices for public-cloud products that let customers store and run applications via the Internet. Amazon, whose Web Services unit was the early entrant, is more than five times bigger than rival providers combined when measured by cloud-computing capacity usage, according to the research firm Gartner.

Nadella also introduced a version of Azure for U.S. government customers.

— Bloomberg News