Altimeter Capital led a $160m Series E round in Cockroach Labs.

Altimeter Capital led a $160m Series E round in Cockroach Labs, a computer software company that develops commercial database management systems, with participation from Greenoaks, Lone Pine, Benchmark, BOND, FirstMark, GV, Index Ventures, and Tiger Global. "The story of transactional SQL workloads moving to the cloud is still largely unwritten and represents a tremendous opportunity for the next Oracle-like business to emerge. CockroachDB's high availability, strong consistency, and low latency allows them to address the lion's share of these relational workloads. Cockroach Labs offers a remarkable experience. It removes much of the incremental cost of scaling, driving massive cost-savings and improving developer agility. We could not be more excited to partner with the Cockroach team," Neil Mehta, Greenoaks Capital Managing Partner.