MongoDB is acquiring the startup that powers mobile apps from Starbucks, Netflix, and McDonald's for $39 million (MDB)


With its sights set on doubling down on the world of mobile, MongoDB announced Wednesday that it will acquire Realm for $39 million.

Realm‘s namesake database technology allows developers to build mobile apps that work even when they’re not connected to the Internet. Its database has been used to power apps from companies like Amazon, Google, Starbucks, Netflix, McDonald’s, and eBay. MongoDB had raised about $40 million from high-profile investors including Khosla Ventures, Y Combinator, and Greylock Partners, and was valued at some $16 million a year ago.

Meanwhile, MongoDB was looking to expand its mobile offerings, as it realized that people are spending more time on their phones, MongoDB CTO and co-founder Eliot Horowitz told Business Insider. That’s why it launched MongoDB Mobile last fall, in a bid to play a larger role in that ecosystem.

But many of MongoDB’s customers said Realm was their first choice for a database when they wanted to develop a mobile app. That’s when MongoDB decided to start talking to Realm about a possible deal, Horowitz said.

“What you’re going to see more and more of is how we can merge the experience of mobile and backend,” MongoDB co-founder and CTO Eliot Horowitz