Cockroach Labs was founded in 2015 by Ben Darnell, Peter Mattis, and Spencer Kimball. CEO Kimball says that he has always hoped to take the company public, and that a $278 million equity round at the end of 2021 brought them closer to that goal. "What we’re looking at now as a management team is what will it take to get there,” he said. Cockroach Labs hired its first CFO that same year. These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.
Cockroach Labs is the developer of CockroachDB, a database management system that operates on an open source, cloud-native platform. The company has raised more than $630 million in venture capital funding from investors including Greenoaks, Benchmark, Coatue, FirstMark, GV, Index Ventures, J.P. Morgan, Lone Pine Capital, Redpoint Ventures, and Tiger Global Management. The latest round of funding brought the company to a $5 billion post-money valuation.