# MarkLogic Corporation

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/marklogic

- Industry: Software
- Headquarters: San Carlos, US
- Website: www.marklogic.com
- Total disclosed funding: $178M
- Latest round: Series F (Apr 28, 2015)
- Investors on record: 7

## About

Based in the US, MarkLogic Corporation provides a comprehensive data platform to facilitate the development of AI-powered applications and optimize data management across various industries.MarkLogic Corporation specializes in a data platform that enables organizations to integrate and manage multi-structured data effectively. Founded in 2001 and headquartered in San Carlos, US, the company has undergone strategic shifts to enhance its offerings. The firm has successfully raised a total of USD 355.00 mn through various funding rounds, with the most recent transaction being a Trade Sale to Progress Software Corporation on January 3, 2023, which saw the acquisition of MarkLogic from Vector Capital for USD 355.00 mn. The company's operational leadership includes CEOs Adrian Carr and Jeffrey Casale.MarkLogic's primary product is the MarkLogic data platform, which empowers organizations to develop AI-driven applications while streamlining their data management processes. The platform seamlessly integrates multi-structured data and metadata, enhancing decision-making speed and efficacy. Clients span federal government, defense, public sectors, and Global 2000 companies in industries such as financial services, healthcare, and manufacturing. MarkLogic offers functionalities like data integration, governance, and knowledge model creation, delivering insights into customer behaviors and preferences globally, particularly in North America, Europe, and parts of Asia.MarkLogic generates revenue through a subscription-based model that provides clients access to its software and services. Clients engage in long-term contracts for robust data management solutions, with MarkLogic Server being a key part of its revenue strategy, offering advanced data integration and semantic capabilities. Subscribers can choose from various service tiers that often include enhanced security and support, leading to stable revenue from ongoing subscriptions alongside one-time implementation fees.The acquisition by Progress Software Corporation, finalized on January 3, 2023, is expected to enhance MarkLogic's market presence and facilitate strategic acquisitions to expand its customer base. While specific details on new upcoming products and targeted geographic expansions are not disclosed, the integration with Progress Software Corporation is likely to drive future initiatives aimed at enhancing service offerings and market reach.

## Funding rounds

- Series F, Apr 28, 2015, $102M — Hong Shan, Northgate Capital, Wellington Management, Tenaya Capital, Arrowpoint Ventures
- Series E, Mar 22, 2013, $25M — Hong Shan, Northgate Capital, Tenaya Capital
- Series D, May 22, 2009, $13M — Hong Shan, Tenaya Capital
- Series D, Jul 27, 2007, $15M — Hong Shan, Lehman Brothers, Trilantic Capital Management L.P.
- Series C, Jun 23, 2004, $12M — Hong Shan, Lehman Brothers, Trilantic Capital Management L.P.
- Series B, Feb 3, 2003, $5.7M — Hong Shan
- Series A, Jan 1, 2002, $6M — Hong Shan

## Investors

- Hong Shan — Series A, Series B, Series C, Series D, Series E, Series F
- Lehman Brothers (https://capitalatlas.ai/funds/lehman-brothers) — Series C, Series D
- Trilantic Capital Management L.P. — Series C, Series D
- Tenaya Capital (https://capitalatlas.ai/funds/tenaya-capital) — Series D, Series E, Series F
- Northgate Capital (https://capitalatlas.ai/funds/northgate-capital) — Series E, Series F
- Wellington Management (https://capitalatlas.ai/funds/wellington-management) — Series F
- Arrowpoint Ventures (https://capitalatlas.ai/funds/arrowpoint-ventures) — Series F