Archives: Press Releases

SANTA CLARA, Calif., Feb. 23, 2022 – Couchbase, Inc. (NASDAQ: BASE), provider of a leading modern database for enterprise applications, today announced Couchbase Mobile 3, an edge-ready data platform that empowers mobile developers and edge architects to build fully native, modern applications in the cloud, at the edge and on mobile and IoT devices using the language, frameworks and platform of their choice. Couchbase Mobile 3 introduces an industry-first embedded document database for mobile, desktop and custom embedded hardware with built in synchronization capabilities. With Couchbase Mobile 3’s strengthened edge capabilities, development teams can focus on the core competency of their applications without worrying about speed and connectivity issues.

“Customers increasingly require mobile and edge capabilities to meet modern application demands and data must always be available so the app always performs at unmatched speed,” said Wayne Carter, vice president of Engineering, Couchbase. “With Couchbase Mobile 3, we have simplified development and management of complex data synchronization tasks. Our first of its kind, modern embedded database allows customers to easily build dynamic applications from the cloud to the edge, while leveraging their existing skills and code.”

Enhancing Mobile and Edge Capabilities for Customers’ Modern Applications

Applications that rely solely on centralized cloud data centers for processing and storing data are subject to latency and downtime whenever internet connectivity is slow or frequently interrupted. Requirements for high availability and sub-second response times are nearly impossible – or unfeasibly expensive – to meet with only cloud computing. Couchbase Mobile 3’s edge computing capabilities address these issues by moving data and compute closer to where it’s being used, even while in motion, making applications faster and more resilient by eliminating dependencies on distant cloud data centers.

With offline-first capabilities for applications, Couchbase Mobile 3 uniquely ensures data integrity by automatically synchronizing data across the entirety of an organization’s edge and mobile infrastructure, with or without internet connectivity. This means organizations across industries can quickly and easily develop and deploy applications that meet the requirements for stringent governance and security, while enabling end-users to retain a first class experience with applications that are always on and always fast.

“Couchbase Lite’s C-API support is critical for us. We use it to embed Couchbase in all our Synergy systems to have a universal platform across all of our devices,” said Gregory St. Clair, software architect, Arthrex. “The ability to configure Sync Gateway in hundreds of hospitals all over the world through a nice REST interface gives us a critical ability to quickly and easily manage those individual deployments. It is another much appreciated feature.”

Another modern application example made possible by Couchbase is an airline that can digitize its pre-flight check process by embedding Couchbase Mobile 3 onto tablets for recording inspections. Data is then synchronized to other crew tablets in real-time – even when devices are disconnected – improving accuracy and safety while ensuring on-time departure.

Couchbase Mobile 3 delivers a single, universal platform that enables mobile developers to easily and seamlessly manage global deployments – ultimately leading to faster innovation, across a wide variety of verticals and use cases for maximum business uptime. Couchbase Mobile 3 benefits include:

• Device ubiquity: Developers can embed lightweight data storage directly into their applications on nearly any edge, IoT or mobile device because of comprehensive platform support and the C-API. 
• Operational ease of use: The addition of REST-based remote administration supports large multi-tenant edge applications with ease. Architectural enhancements in the areas of manageability and security make it easier to configure and remotely administer the platform from the cloud to the edge.
• Greater flexibility within complex edge architectures: Couchbase can run and sync anywhere: in the cloud, in edge data centers, within a 5G network, on-premises and even on edge devices, enabling multi-tiered, hierarchical edge computing architectures that meet any speed, availability or security requirements.

A Growing Mobile and Edge Partner Ecosystem

To help customers fully realize the power of mobile and edge, Couchbase is certified on AWS, Verizon, GCP and Azure. Reference architectures and reference deployments have been developed for AWS Local Zones, AWS Wavelength, AWS Outposts and Verizon 5G Edge. Couchbase was also recently certified as “Service Ready” on AWS Outposts.

“As a leader in enterprise mobile app development, we’re helping top brands like GE, AAA, H&R Block and T-Mobile deliver the mobile experiences that will power their businesses,” said Max Lynch, co-founder and CEO of Ionic. “It is imperative that we work with the right partners to deliver the best experience for our customers. Couchbase is an indispensable partner in helping us achieve this. Our integration with Couchbase Mobile allows developers to leverage familiar web technologies to quickly build fully native applications that run on iOS, Android and native Windows all from one codebase, regardless of internet connectivity.”

Couchbase Mobile 3 is now generally available. Download it here today to see how easy it is to deploy modern applications on mobile, desktop and custom embedded IoT devices.

Additional Resources

• Read more about what’s new in Couchbase Mobile 3 on Couchbase’s blog here
• ​​​​​​​For further details, register for Couchbase’s webinar on powering critical apps at the edge on March 9, 2022 here
• Learn how customers are leveraging Couchbase to strengthen edge and mobile capabilities here
• Learn how AWS, Verizon and Couchbase have partnered to deliver blazing fast apps at the edge here

About Couchbase

At Couchbase, we believe data is at the heart of the enterprise. We empower developers and architects to build, deploy, and run their most mission-critical applications. Couchbase delivers a high-performance, flexible and scalable modern database that runs across the data center and any cloud. Many of the world’s largest enterprises rely on Couchbase to power the core applications their businesses depend on. For more information, visit www.couchbase.com.

Couchbase^®, the Couchbase logo and the names and marks associated with Couchbase’s products are trademarks of Couchbase, Inc. All other trademarks are the property of their respective owners.

Santa Clara, Calif., February 16, 2022 – Couchbase, Inc. (NASDAQ: BASE), provider of a leading modern database for enterprise applications, today announced that it will report financial results for its fourth quarter and full fiscal year ended January 31, 2022 on Wednesday, March 9, 2022 after market close.

Couchbase will host a conference call and webcast at 2:00 p.m. Pacific Time (or 5:00 p.m. Eastern Time) on the same day to discuss its financial results. To access this conference call, dial (888) 660-1027 from the United States or (409) 231-2719 internationally with conference ID: 8395512. The live webcast and a webcast replay of the conference call can be accessed from the investor relations page of Couchbase’s website at investors.couchbase.com.

About Couchbase

At Couchbase, we believe data is at the heart of the enterprise. We empower developers and architects to build, deploy and run their most mission-critical applications. Couchbase delivers a high-performance, flexible and scalable modern database that runs across the data center and any cloud. Many of the world’s largest enterprises rely on Couchbase to power the core applications their businesses depend on. For more information, visit www.couchbase.com.

Couchbase^®, the Couchbase logo and the names and marks associated with Couchbase’s products are trademarks of Couchbase, Inc. All other trademarks are the property of their respective owners.

Investor Contact:
Edward Parker
ICR for Couchbase
IR@couchbase.com

Media Contact:
Michelle Lazzar
Couchbase Communications
couchbasePR@couchbase.com

ISTANBUL, Turkey – January 31, 2022 – Couchbase, Inc. (NASDAQ: BASE), provider of a leading modern database for enterprise applications, today announced that Trendyol, Turkey’s leading e-commerce company and one of the world’s leading e-commerce platforms, has expanded its strategic partnership with Couchbase. With Couchbase as its database foundation, Trendyol gets the performance and scale required for its applications including its online shopping cart, delivery tracking, product catalog, coupons, claims, inventory management, pre-order and customer personalization.

2021 was a momentous year for Trendyol. Having recently launched its business across 27 countries in Europe, it amassed more than 30 million active users. Powered by Couchbase, Trendyol is able to keep pace with growing customer demands with no downtime.

The company first began with Couchbase in 2019 when it realized it needed to replatform its claims reimbursement application from its legacy RDBMS. After the success of the initial project, Trendyol adopted Couchbase across other areas of its business that needed to easily scale and required a cloud-native approach for developer agility. With Couchbase, Trendyol developers have access to best-in-class built-in optimistic locking (CAS), built-in UI and monitoring, built-in sharding, full text search capabilities and much more.

Huw Owen, Couchbase’s vice president and general manager of EMEA, said “Today’s consumer expects e-commerce shopping and delivery experiences to be personalized, convenient and fast. Trendyol is a terrific example of a next-generation retailer that has embraced digital transformation, which is leading to compelling business returns. We are proud to have been a close partner to Trendyol for several years now and are thrilled to continue to power its leading e-commerce platform for years to come.”

Along with PepsiCo, Citi, Amadeus, Emirates and many others, Trendyol presented at Couchbase ConnectONLINE 2021. View Treyndyol’s session on how it migrated from relational to Couchbase here.

Additional Resources:
Read more about Couchbase’s modern database solutions for retail and e-commerce here
Read more about how customers are modernizing with Couchbase here
Read more about Couchbase’s modern database for enterprise applications here

SANTA CLARA, Calif., January 26, 2022 – Couchbase, Inc. (NASDAQ: BASE), provider of a leading modern database for enterprise applications, announced today that it achieved the Amazon Web Services (AWS) Outposts Ready designation, part of the AWS Service Ready Program. This achievement recognizes that Couchbase has demonstrated successful integration with AWS Outposts deployments, which is a fully managed service that extends AWS infrastructure, AWS services, APIs and tools to virtually any datacenter, co-location space, or on-premises facility for a consistent hybrid experience.

The Couchbase platform, consisting of Couchbase Server, Couchbase Lite and Couchbase Sync Gateway, can take data and compute to the edge with a leading modern database and sync technology. Only Couchbase supports the distributed model at every tier, from the cloud to the edge, ensuring that critical information never stops moving between the applications and users that need it. AWS Outposts offers the ability to deploy Couchbase on standardized AWS infrastructure at the edge – beyond the traditional region-based data centers, including onto customers’ premises.

Storing and processing data locally at the edge provides better guarantees of ultra-low latency and data governance for mission-critical apps and services, benefiting use cases across industries like manufacturing, telco, healthcare, retail, media and more. This means that hospitals can provide better care by analyzing patient data in real-time, factories can detect and mitigate issues before they lead to shutdowns and retailers can provide a superior experience for holiday shoppers with real-time offers and touchless services, for example.

Achieving the AWS Outposts Ready designation differentiates Couchbase as an AWS Partner Network (APN) member with a product fully tested on AWS Outposts. AWS Service Ready Partners have demonstrated success building products integrated with AWS services, helping AWS customers evaluate and use their technology productively, at scale and at varying levels of complexity.

“Customers are looking for better ways to store and manage their data across the enterprise as part of their comprehensive modernization initiatives,” said George Elissaios, general manager, AWS Outposts, Amazon Web Services. “With Couchbase Server for AWS Outposts, customers have a high performance and comprehensive data management solution they can use with any application in their environment, on AWS Outposts or in AWS Regions, for a truly consistent hybrid experience.”

“Couchbase is excited to achieve AWS Service Ready status and in doing so, further strengthen our mobile and edge partner ecosystem to provide a superior experience for customers,” said Matt McDonough, SVP of business development and strategy at Couchbase. “This designation underscores our commitment to helping customers achieve their technology objectives and optimize costs, agility and innovation by leveraging the inherent flexibility, breadth of services, and pace of innovation that AWS provides.”

To support the seamless integration and deployment of AWS Outposts Ready solutions, AWS established the AWS Outposts Ready Program to help customers identify products integrated with AWS Outposts so that they can spend less time evaluating new tools, and more time scaling their use of products that are integrated with AWS Outpost deployments.

Additional Resources

• Read this blog to learn how AWS, Verizon and Couchbase combine to deliver blazing-fast apps at the edge https://blog.couchbase.com/how-aws-verizon-and-couchbase-combine-to-deliver-blazing-fast-apps-at-the-edge/
• Learn more about Couchbase and AWS https://www.couchbase.com/partners/amazon/
• Find out more about Couchbase for Mobile and Edge Computing https://www.couchbase.com/solutions/edge-computing/

Santa Clara, Calif. – December 14, 2021 – Couchbase, Inc. (NASDAQ: BASE), provider of a leading modern database for enterprise applications, today announced that it was recognized as one of the 25 Highest-Rated Public Cloud Computing Companies To Work For in a list released by Battery Ventures, a global investment firm and cloud investor, with data specifically provided by Glassdoor*, the worldwide leader on insights about jobs and companies. The list highlights 25 publicly traded companies—all business-to-business, cloud-computing companies—where employees reported the highest levels of satisfaction at work during the 12 months ended Oct. 31, 2021 according to employee feedback shared on Glassdoor.

The distinction placed Couchbase at number four (out of 25 total) with an overall company rating of 4.65. The broader average across Glassdoor is 3.7. Couchbase’s senior-leadership rating was 4.44, compared to the Glassdoor average of 3.3, while its positive business-outlook rating—indicating the percentage of employees who believe their employer’s business will get better in the next six months—was 95%. That compared to an average across Glassdoor of 54%.

This is the fifth year Battery has issued a version of its highest-rated cloud companies list, along with a related ranking of the 25 Highest-Rated Private Cloud Computing Companies To Work For. The rankings—which this year come as many companies continue to face workplace challenges associated with the Covid-19 pandemic, including remote and hybrid work—highlight the global trend of businesses increasingly turning to the cloud to run critical technology systems and software, instead of using on-premises systems.

“While the pandemic has accelerated the businesses of many cloud companies—whose products often help fuel digital transformation—many cloud CEOs are still grappling with how to build great corporate cultures, hire the best employees and retain them in an incredibly fast-changing and unpredictable business environment,” said Neeraj Agrawal, a Battery Ventures general partner who specializes in cloud investing. “The companies on this list should feel proud of their success in building positive cultures and promoting employee satisfaction, which often translates into financial success. They really are modeling best practices for other organizations across the economy.”

“At Couchbase, we work relentlessly on our culture to ensure the team always feels valued so they can then work together to create value for our customers, partners and shareholders,” said Matt Cain, president and CEO of Couchbase. “Our goal has always been to build, reinforce and model a culture of openness, transparency and trust that delivers results. The Couchbase values underpin everything we do and this has been a sustainable competitive advantage for us as we attract, develop and retain the highly-skilled talent necessary for business growth. We are proud and honored to be named one of the 25 highest-rated public cloud computing companies to work for, even more so in the year where Couchbase went from privately held to publicly traded.”

Glassdoor noted that employees at these highly rated companies commonly mention in online reviews that they enjoy working for mission-driven companies with strong and unique company cultures; employers that promote transparency; and companies with experienced senior leaders who regularly and clearly communicate with employees. For instance, according to one anonymous employee review of Couchbase on Glassdoor: 

“Couchbase created a company culture that will be at the foundation of its success. Since joining the company, I experienced a constructive and collaborative environment where people want to help you succeed. The focus is on teamwork and how we win together. All this starts at the top with a clarity of vision, where the company is going and what it expects of its people. If you get a chance to join this company, I would say take it.” 

Full lists of The Battery Highest-Rated Public and Private Cloud Companies To Work For can be found here.

For more information about career opportunities at Couchbase, please visit https://www.couchbase.com/careers/.

About Battery Ventures

Battery partners with exceptional founders and management teams developing category-defining businesses in markets including software and services, enterprise infrastructure, online marketplaces, healthcare IT and industrial technology. Founded in 1983, the firm backs companies at all stages, ranging from seed and early to growth and buyout, and invests globally from six strategic locations: Boston; San Francisco and Menlo Park, Calif.; Herzliya, Israel; London; and New York. Follow the firm on Twitter @BatteryVentures, visit our website at www.battery.com and find a full list of Battery’s portfolio companies here.

*By a company name, denotes a Battery investment. For a full list of all Battery investments and exits, please click here.

Santa Clara, Calif., – December 7, 2021 – Couchbase, Inc. (NASDAQ: BASE), provider of a leading modern database for enterprise applications, today announced financial results for its third quarter ended October 31, 2021.

“Our strong third quarter performance was driven by ongoing large deal momentum, including some significant expansions, as well as acceleration of our cloud business. We also delivered solid top line growth with ARR up 21% and revenue up 20% year over year,” said Matt Cain, President and CEO of Couchbase. “We continue to see demand for our modern database as digital transformation remains a priority across industries, and are excited about the market opportunity for Capella which makes it faster and easier to consume Couchbase in the cloud.”

Third Quarter Fiscal 2022 Financial Highlights:

• Revenue: Total revenue for the quarter was $30.8 million, an increase of 20% year-over-year. Subscription revenue was $29.0 million, an increase of 20% year-over-year.
• Annual recurring revenue (ARR): Total ARR for the quarter was $122.3 million, an increase of 21% year-over-year. See the section titled “Key Business Metrics” below for details.
• Gross margin: Gross margin for the quarter was 87.9%, compared to 87.8% for the third quarter of fiscal 2021. Non-GAAP gross margin for the quarter was 88.3%, compared to 87.9% for the third quarter of fiscal 2021. See the section titled “Use of Non-GAAP Financial Measures” and the tables entitled “Reconciliation of GAAP to Non-GAAP Results” below for details.
• Loss from operations: Loss from operations for the quarter was $15.5 million, compared to $9.1 million for the third quarter of fiscal 2021. Non-GAAP operating loss for the quarter was $12.1 million, compared to $7.9 million for the third quarter of fiscal 2021.
• Cash flow: Cash flows used in operating activities for the quarter were $19.7 million, compared to $13.1 million in the third quarter of fiscal 2021. Capital expenditures were $0.6 million during the quarter, leading to negative free cash flow of $20.3 million, compared to negative free cash flow of $13.3 million in the third quarter of fiscal 2021.
• Remaining performance obligations (RPO): RPO as of October 31, 2021 was $124.3 million, up 41% year-over-year.

Recent Business Highlights:

• Launched Couchbase Capella hosted Database-as-a-Service (DBaaS) offering on Amazon Web Services (AWS). Capella delivers database flexibility for developers and performance at scale for enterprise applications. Because Capella is fully managed and automated, customers can focus on development, improving their applications and reducing time to market, instead of worrying about operational database management efforts.
• Achieved SOC 2 Type 1 Compliance Certification for Capella, thereby extending its security credentials.
• Hosted annual user conference Couchbase ConnectONLINE, consisting of more than 100 sessions that brought together over 5,200 developer, architect, business user and community member registrants to learn more about Couchbase’s modern database for enterprise applications.
• Announced the winners of the annual Couchbase Community Awards, honoring customers Amadeus, Citigroup, Emirates, Northwestern University, BroadJump, Cvent and Molo17 and partners AWS, Red Hat, Infosys and DigitalRoute for accelerating modernization initiatives and enabling innovation for enterprise-critical applications.
• Named to Inc. Magazine’s Top 250 Best-Led Mid-Market Companies in America list and earned Great Place to Work Certification.
• Appointed Alvina Antar, Chief Information Officer of Okta, to Couchbase’s Board of Directors.

Financial Outlook:

For the fourth quarter of fiscal 2022, Couchbase expects: 

• Total revenue between $33.9 million and $34.1 million
• Total ARR between $129 million and $130 million
• Non-GAAP operating loss between $10.6 million and $10.2 million

For the full fiscal year 2022, Couchbase expects:

• Total revenue between $122.4 million and $122.6 million
• Total ARR between $129 million and $130 million
• Non-GAAP operating loss between $47.0 million and $46.6 million

The guidance provided above is based on several assumptions that are subject to change and many of which are outside our control. If actual results vary from these assumptions, our expectations may change. There can be no assurance that we will achieve these results.

Couchbase is not able, at this time, to provide GAAP targets for operating income for the fourth quarter or full year of fiscal 2022 because of the difficulty of estimating certain items excluded from non-GAAP operating loss that cannot be reasonably predicted, such as charges related to stock-based compensation expense. The effect of these excluded items may be significant.

Conference Call Information

Couchbase will host a conference call and webcast at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) on Tuesday, December 7, 2021 to discuss its financial results and business highlights. To access this conference call, dial (888) 660-1027 from the United States and Canada or (409) 231-2719 internationally with conference ID: 2318369. The live webcast and a webcast replay of the conference call can be accessed from the investor relations page of Couchbase’s website at investors.couchbase.com.

Upcoming Conference Participation

Couchbase management will participate in the following investor conferences during the fourth quarter of fiscal 2022. Webcasts of company presentations can be found on Couchbase’s Investor Relations website at investors.couchbase.com.

• Barclays Global Technology, Media and Telecommunications Conference on December 8, 2021 at 9:40 a.m. PT (12:40 p.m. ET)
• 24^th Annual Needham Virtual Growth Conference on January 12, 2022 at 11:45 a.m. PT (2:45 p.m. ET)

Use of Non-GAAP Financial Measures

In addition to our financial information presented in accordance with GAAP, we believe certain non-GAAP financial measures are useful to investors in evaluating our operating performance. We use certain non-GAAP financial measures, collectively, to evaluate our ongoing operations and for internal planning and forecasting purposes. We believe that non-GAAP financial measures, when taken together with the corresponding GAAP financial measures, may be helpful to investors because they provide consistency and comparability with past financial performance and meaningful supplemental information regarding our performance by excluding certain items that may not be indicative of our business, results of operations or outlook. Non-GAAP financial measures are presented for supplemental informational purposes only, have limitations as analytical tools and should not be considered in isolation or as a substitute for financial information presented in accordance with GAAP and may be different from similarly-titled non-GAAP financial measures used by other companies. In addition, other companies, including companies in our industry, may calculate similarly-titled non-GAAP financial measures differently or may use other measures to evaluate their performance, all of which could reduce the usefulness of our non-GAAP financial measures as tools for comparison. Investors are encouraged to review the related GAAP financial measures and the reconciliation of these non-GAAP financial measures to their most directly comparable GAAP financial measures (provided in the financial statement tables included in this press release), and not to rely on any single financial measure to evaluate our business.

Non-GAAP gross profit, non-GAAP gross margin, non-GAAP operating loss, non-GAAP operating margin, non-GAAP net loss attributable to common stockholders and non-GAAP net loss per share attributable to common stockholders: We define these non-GAAP financial measures as their respective GAAP measures, excluding expenses related to stock-based compensation expense and litigation-related expenses. We use these non-GAAP financial measures in conjunction with GAAP measures to assess our performance, including in the preparation of our annual operating budget and quarterly forecasts, to evaluate the effectiveness of our business strategies and to communicate with our board of directors concerning our financial performance.

Free cash flows: We define free cash flow as cash used in operating activities less purchases of property and equipment, which includes capitalized internal-use software costs. We believe free cash flow is a useful indicator of liquidity that provides our management, board of directors and investors with information about our future ability to generate or use cash to enhance the strength of our balance sheet and further invest in our business and pursue potential strategic initiatives. 

Please see the reconciliation tables at the end of this release for the reconciliation of GAAP and non-GAAP results.

Key Business Metrics

We review a number of operating and financial metrics, including Annual Recurring Revenue (ARR), to evaluate our business, measure our performance, identify trends affecting our business, formulate business plans and make strategic decisions.

We define ARR as of a given date as the annualized recurring revenue that we would contractually receive from our customers in the month ending 12 months following such date. Based on historical experience with customers, we assume all contracts will be automatically renewed at the same levels unless we receive notification of non-renewal and are no longer in negotiations prior to the measurement date. ARR excludes revenue from on-demand arrangements. Although we seek to increase ARR as part of our strategy of targeting large enterprise customers, this metric may fluctuate from period to period based on our ability to acquire new customers and expand within our existing customers. We believe that our ARR is an important indicator of the growth and performance of our business.

Forward-Looking Statements

This press release contains “forward-looking” statements within the meaning of the Private Securities Litigation Reform Act of 1995 that are based on management’s beliefs and assumptions and on information currently available to management. Forward-looking statements include, but are not limited to, quotations of management, the “Financial Outlook” section, and statements about Couchbase’s market position, strategies, and potential market opportunities, including its positioning in the market. Forward-looking statements generally relate to future events or our future financial or operating performance. Forward-looking statements include all statements that are not historical facts and, in some cases, can be identified by terms such as “anticipate,” “expect,” “intend,” “plan,” “believe,” “continue,” “could,” “potential,” “remain,” “may,” “might,” “will,” “would” or similar expressions and the negatives of those terms. However, not all forward-looking statements contain these identifying words. Forward-looking statements involve known and unknown risks, uncertainties, and other factors, including factors beyond our control, which may cause our actual results, performance, or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. These risks include, but are not limited to: our history of net losses and ability to achieve or maintain profitability in the future; our ability to continue to grow on pace with historical rates; our ability to manage our growth effectively; intense competition and our ability to compete effectively; cost-effectively acquiring new customers or obtaining renewals, upgrades or expansions from our existing customers; the market for our products and services being relatively new and evolving, and our future success depending on the growth and expansion of this market; our ability to innovate in response to changing customer needs, new technologies or other market requirements; our limited operating history, which makes it difficult to predict our future results of operations; the significant fluctuation of our future results of operations and ability to meet the expectations of analysts or investors; our significant reliance on revenue from subscriptions, which may decline and, the recognition of a significant portion of revenue from subscriptions over the term of the relevant subscription period, which means downturns or upturns in sales are not immediately reflected in full in our results of operations; and the impact of the COVID-19 pandemic. Further information on risks that could cause actual results to differ materially from forecasted results are included in our filings with the SEC that we may file from time to time, including those more fully described in our Quarterly Report on Form 10-Q for the fiscal quarter ended July 31, 2021. Additional information will be made available in our Quarterly Report on Form 10-Q for the quarter ended October 31, 2021 that will be filed with the SEC, which should be read in conjunction with this press release and the financial results included herein. Any forward-looking statements contained in this press release are based on assumptions that we believe to be reasonable as of this date. Except as required by law, we assume no obligation to update these forward-looking statements, or to update the reasons if actual results differ materially from those anticipated in the forward-looking statements.

Investor Contact:
Edward Parker
ICR for Couchbase
IR@couchbase.com

Media Contact:
Michelle Lazzar
Couchbase Communications
CouchbasePR@couchbase.com

Couchbase, Inc.

Condensed Consolidated Statements of Operations

(in thousands, except per share data)

(unaudited)

	Three Months Ended October 31,		Nine Months Ended October 31,
	2021	2020	2021	2020
Revenue:
License	$3,774	$3,010	$12,468	$8,550
Support and other	25,234	21,078	71,034	60,347
Total subscription revenue	29,008	24,088	83,502	68,897
Services	1,816	1,565	4,976	4,961
Total revenue	30,824	25,653	88,478	73,858
Cost of revenue:
Subscription (1)	2,094	1,840	6,218	4,113
Services (1)	1,642	1,296	4,435	4,383
Total cost of revenue	3,736	3,136	10,653	8,496
Gross profit	27,088	22,517	77,825	65,362
Operating expenses:
Research and development (1)	13,103	10,109	38,267	28,388
Sales and marketing (1)	22,817	17,443	65,714	51,145
General and administrative (1)	6,659	4,044	17,434	10,905
Total operating expenses	42,579	31,596	121,415	90,438
Loss from operations	(15,491)	(9,079)	(43,590)	(25,076)
Interest expense	(133)	(746)	(630)	(4,762)
Other income (expense), net	(51)	(86)	(44)	221
Loss before income taxes	(15,675)	(9,911)	(44,264)	(29,617)
Provision for income taxes	249	237	729	719
Net loss	$(15,924)	$(10,148)	$(44,993)	$(30,336)
Cumulative dividends on Series G redeemable convertible preferred stock	—	(1,446)	(2,917)	(2,596)
Net loss attributable to common stockholders	$(15,924)	$(11,594)	$(47,910)	$(32,932)
Net loss per share attributable to common stockholders, basic and diluted	$(0.37)	$(2.04)	$(2.43)	$(5.81)
Weighted-average shares used in computing net loss per share attributable to common stockholders, basic and diluted	43,440	5,695	19,742	5,672

 

Includes stock-based compensation expense as follows:

	Three Months Ended October 31,		Nine Months Ended October 31,
	2021	2020	2021	2020
Cost of revenue—subscription	$66	$16	$123	$50
Cost of revenue—services	70	14	116	41
Research and development	1,085	328	2,224	968
Sales and marketing	1,292	337	2,521	1,013
General and administrative	840	440	2,179	1,270
Total stock-based compensation expense	$3,353	$1,135	$7,163	$3,342

 

Couchbase, Inc.

Condensed Consolidated Balance Sheets

(in thousands)

(unaudited)

	As of October 31,	As of January 31,
	2021	2021
Assets
Current assets
Cash and cash equivalents	$141,440	$37,297
Short-term investments	66,195	19,546
Accounts receivable, net	22,525	35,897
Deferred commissions	9,215	8,353
Prepaid expenses and other current assets	8,191	2,449
Total current assets	247,566	103,542
Property and equipment, net	4,983	6,506
Deferred commissions, noncurrent	5,885	4,941
Other assets	1,255	2,199
Total assets	$259,689	$117,188
Liabilities, Redeemable Convertible Preferred Stock and Stockholders’ Equity (Deficit)
Current liabilities
Accounts payable	$3,518	$2,428
Accrued compensation and benefits	9,926	9,110
Other accrued liabilities	2,530	4,154
Deferred revenue	48,226	57,168
Total current liabilities	64,200	72,860
Long-term debt	—	24,948
Deferred revenue, noncurrent	2,726	4,542
Other liabilities	1,295	1,358
Total liabilities	68,221	103,708
Redeemable convertible preferred stock	—	259,822
Stockholders’ equity (deficit)
Preferred stock	—	—
Common stock	—	—
Additional paid-in capital	520,243	37,410
Accumulated other comprehensive income (loss)	(29)	1
Accumulated deficit	(328,746)	(283,753)
Total stockholders’ equity (deficit)	191,468	(246,342)
Total liabilities, redeemable convertible preferred stock and stockholders’ equity (deficit)	$259,689	$117,188

 

Couchbase, Inc.

Condensed Consolidated Statements of Cash Flows

(in thousands)

(unaudited)

 

Couchbase, Inc.

Reconciliation of GAAP to Non-GAAP Results

(in thousands)

(unaudited)

	Three Months Ended October 31,		Nine Months Ended October 31,
	2021	2020	2021	2020
Reconciliation of GAAP gross profit to non-GAAP gross profit:
Total revenue	$30,824	$25,653	$88,478	$73,858
Gross profit	$27,088	$22,517	$77,825	$65,362
Add: Stock-based compensation expense	136	30	239	91
Non-GAAP gross profit	$27,224	$22,547	$78,064	$65,453
Gross margin	87.9%	87.8%	88.0%	88.5%
Non-GAAP gross margin	88.3%	87.9%	88.2%	88.6%

 

	Three Months Ended October 31,		Nine Months Ended October 31,
	2021	2020	2021	2020
Reconciliation of GAAP operating expenses to non-GAAP operating expenses:
GAAP research and development	$13,103	$10,109	$38,267	$28,388
Less: Stock-based compensation expense	(1,085)	(328)	(2,224)	(968)
Non-GAAP research and development	$12,018	$9,781	$36,043	$27,420
GAAP sales and marketing	$22,817	$17,443	$65,714	$51,145
Less: Stock-based compensation expense	(1,292)	(337)	(2,521)	(1,013)
Non-GAAP sales and marketing	$21,525	$17,106	$63,193	$50,132
GAAP general and administrative	$6,659	$4,044	$17,434	$10,905
Less: Stock-based compensation expense	(840)	(440)	(2,179)	(1,270)
Less: Litigation-related expenses	—	—	—	(213)
Non-GAAP general and administrative	$5,819	$3,604	$15,255	$9,422

 

	Three Months Ended October 31,		Nine Months Ended October 31,
	2021	2020	2021	2020
Reconciliation of GAAP operating loss to non-GAAP operating loss:
Total revenue	$30,824	$25,653	$88,478	$73,858
Loss from operations	$(15,491)	$(9,079)	$(43,590)	$(25,076)
Add: Stock-based compensation expense	3,353	1,135	7,163	3,342
Add: Litigation-related expenses	—	—	—	213
Non-GAAP operating loss	$(12,138)	$(7,944)	$(36,427)	$(21,521)
Operating margin	(50)%	(35)%	(49)%	(34)%
Non-GAAP operating margin	(39)%	(31)%	(41)%	(29)%

 

Couchbase, Inc.

Reconciliation of GAAP to Non-GAAP Results

(in thousands, except per share data)

(unaudited)

	Three Months Ended October 31,		Nine Months Ended October 31,
	2021	2020	2021	2020
Reconciliation of GAAP net loss attributable to common stockholders to non-GAAP net loss attributable to common stockholders:
Net loss attributable to common stockholders	$(15,924)	$(11,594)	$(47,910)	$(32,932)
Add: Stock-based compensation expense	3,353	1,135	7,163	3,342
Add: Litigation-related expenses	—	—	—	213
Non-GAAP net loss attributable to common stockholders	$(12,571)	$(10,459)	$(40,747)	$(29,377)
GAAP net loss per share attributable to common stockholders	$(0.37)	$(2.04)	$(2.43)	$(5.81)
Non-GAAP net loss per share attributable to common stockholders	$(0.29)	$(1.84)	$(2.06)	$(5.18)
Weighted average shares outstanding, basic and diluted	43,440	5,695	19,742	5,672

 

The following table presents a reconciliation of free cash flow to net cash used in operating activities, the most directly comparable GAAP measure, for each of the periods indicated (unaudited, in thousands):

	Three Months Ended October 31,		Nine Months Ended October 31,
	2021	2020	2021	2020
Net cash used in operating activities	$(19,747)	$(13,143)	$(38,922)	$(32,609)
Less: Purchases of property and equipment	(564)	(144)	(814)	(2,770)
Free cash flow	$(20,311)	$(13,287)	$(39,736)	$(35,379)
Net cash used in investing activities	$(52,527)	$(14,289)	$(47,625)	$(16,915)
Net cash provided by (used in) financing activities	$(25,499)	$342	$190,848	$79,427

 

Couchbase, Inc.

Key Business Metrics

Annual Recurring Revenue

(in millions)

(unaudited)

	As of
	July 31,	Oct. 31,	Jan. 31,	April 30,	July 31,	Oct. 31,
	2020	2020	2021	2021	2021	2021
ARR	$96.2	$101.4	$107.8	$109.5	$115.2	$122.3

 

Santa Clara, Calif. – December 2, 2021 – Couchbase, Inc. (NASDAQ: BASE), provider of a leading modern database for enterprise applications, today announced Alvina Antar, chief information officer at Okta, has joined its board of directors. Antar is an IT executive with over 20 years of experience in business acceleration, technology transformation and operational excellence.

“Alvina is a proven technology leader with deep experience driving business transformation through IT modernization, cloud adoption and a customer-centric approach,” said Matt Cain, president and CEO of Couchbase. “We are thrilled to welcome Alvina to Couchbase’s board of directors. Her depth of knowledge in enterprise transformation and consumption based business models will benefit both our growth strategies and world class culture.” 

Antar currently serves as the CIO at Okta, the leading identity provider, where she leads a Business Technology organization focused on accelerating Okta’s success through trusted and innovative delivery of process, technology and data solutions. Prior to Okta, she spent six years as Zuora’s first CIO and spent 17 years at Dell in various leadership roles. She has a passion for building community and co-founded the Silicon Valley CIO Women’s Network, is a member of the Girls in Tech’s Board of Directors which is dedicated to erasing the gender gap in tech and is on the advisory board of BUILD, a nonprofit serving youth in under-resourced communities through entrepreneurship.

“I am thrilled to join Couchbase’s board at this exciting time as data, in all its forms, plays a crucial role in business success,” said Antar. “In our digital world, developers are powering web and mobile applications through flexible, high performance modern database technology. I’m honored to be a part of this incredible team as Couchbase continues to grow and accelerate strategic modernization initiatives for customers.”

SANTA CLARA, Calif., Nov.2, 2021 – Couchbase, Inc. (NASDAQ: BASE), provider of a leading modern database for enterprise applications, today announced Couchbase Server and Sync Gateway support for Microsoft Azure Stack HCI, a hyperconverged infrastructure product that extends Azure services and capabilities to customers’ datacenters, edge locations and remote offices. The new Couchbase and Azure Stack HCI integration enables customers to take advantage of high availability and resilient storage for their applications at an affordable price, both for familiar business-critical applications and for new edge workloads built on containers. 

Through the combination of Couchbase and Azure Stack HCI, customers can take advantage of the following strategic use cases: 

Remote or Branch Office and Edge

Building on some of Couchbase’s leading use cases like field service, internet of things data management and catalog and inventory management, this Stack HCI use case meets the requirements for retail stores, branch offices, field sites and other edge locations. Couchbase customers rely on the ability to store, query, search and analyze their data in the cloud or at the edge, irrespective of internet connectivity and speed. And now, Couchbase Server and Sync Gateway deployments will utilize fault tolerance and resilience at the edge in a highly cost-effective way with Azure Stack HCI. 

Tightly Integrated Kubernetes 

Couchbase workloads that run on containers and Kubernetes provide a powerful cloud-native data platform with autonomous database management capabilities. With Couchbase’s Autonomous Operator already certified for Microsoft Azure Kubernetes Service (AKS), Azure Stack HCI is an ideal solution for deploying Couchbase Kubernetes-based workloads within on-premises environments to meet network or regulatory goals from an edge remote site or the datacenter. Additionally, Azure Kubernetes Service on Azure Stack HCI (AKS-HCI) lets joint customers automate running containerized applications on clusters that use Azure Stack HCI. By automating much of the work involved with deploying and managing multiple containers, customers gain improved time to value and a highly scalable, reliable and secure solution on which to run traditional and containerized workloads.

“Couchbase is excited to enhance its position as an award-winning modern database for enterprise applications by making its Server and Sync Gateway products available on Microsoft Azure Stack HCI,” said Matt McDonough, SVP of business development and strategy, Couchbase. “Our customers have come to expect a differentiated cloud-to-edge experience with reliability, scalability and speed. The Couchbase and Azure Stack HCI integrated solution is yet another way we are accelerating modern applications for customers across industries.”

“With the availability of the Couchbase Server and Sync Gateway on Microsoft Azure Stack HCI, Couchbase and Microsoft customers get access to a modern, cloud-native, distributed database that fuses the strengths of relational databases such as SQL and ACID transactions with the JSON flexibility and scale that defines NoSQL, both in Azure and at the edge,” said Talal Alqinawi, senior director, Azure Marketing, Microsoft. 

Couchbase Joins Azure Stack Partner Program

Couchbase is now a member of the Azure Stack Partner Program, which has a goal of creating, nurturing, and growing a strong partner ecosystem across the Azure Stack family. The program enables joint customer business continuity by ensuring that Couchbase remains compatible with the latest version of the Azure Stack family.

Try out Couchbase Server and Sync Gateway through the Azure Commercial Marketplace. More information about Couchbase and Microsoft Azure can be found here.

Couchbase^®, the Couchbase logo and the names and marks associated with Couchbase’s products are trademarks of Couchbase, Inc. All other trademarks are the property of their respective owners.

SANTA CLARA, Calif., Oct. 21, 2021 – From ConnectONLINE 2021, Couchbase, Inc. (NASDAQ: BASE), provider of a leading modern database for enterprise applications, announced the winners of its second annual Couchbase Community Customer and Partner Awards. The awards recognize customers and partners who are accelerating modernization initiatives and enabling innovation for enterprise-critical applications. 

“With global organizations outgrowing the limitations of legacy technology, the need for modern databases for business-critical applications has never been greater,” said Ravi Mayuram, CTO, Couchbase. “We’re constantly amazed at what our customers and partners are able to achieve with our technology. Whether it’s to speed the development process, improve application performance or gain better visibility and control over growing amounts of data, our customers and partners are leading the way in how enterprises are modernizing business. On behalf of Couchbase, we congratulate this year’s winners for their dedication to improving the customer experience and we look forward to seeing how they continue to innovate with Couchbase in 2022 and beyond.”

Customer Awards Winners

Awarded separately for customers across the Americas and EMEA, this year’s awards honored Couchbase customers across travel and hospitality, financial services, healthcare, education and media and entertainment for their successful innovation. 

Advanced NoSQL Architectures:

● Americas winner: Cvent

• In moving to a microservices architecture, Cvent adopted Couchbase’s modern database to provide the high performance, scalability and flexibility required for continuous delivery of its hybrid events application.

● EMEA winner: Citigroup

• Citigroup architected a Market Data System storing billions of data points within Couchbase, scaling up to over a thousand concurrent connections within an Agile DevOps environment.

Cloud Computing:

● Americas winner: BroadJump

• By deploying Couchbase in the cloud, BroadJump’s development team was able to use their existing SQL skills to execute complex queries for analytics while improving query performance to gain better visibility and control over their expense management.

● EMEA winner: Amadeus

• Amadeus leveraged Couchbase to design a cloud-native modular platform aimed at speeding time to market and data exchange to better serve customers and partners.

Innovating at the Edge:

● Americas winner: Northwestern University

• Northwestern University’s Catalyst Lab selected Couchbase as part of a broader tech effort to reduce chronic disease risk factors by optimizing innovative, technology-supported interventions.

● EMEA winner: Emirates

• Emirates optimized aircraft maintenance using Couchbase, enabling it to provide real-time data capture to multiple stakeholders and architect the end-to-end digitalization of its technical logs. Emirates was also awarded the Project of the Year, demonstrating the most unique modern application built with Couchbase.

Community Architectures and Innovation:

● Winner: MOLO17

• MOLO17 leveraged Couchbase Mobile to achieve situational awareness by streamlining information flow, enhancing offline capabilities, facilitating near-real-time synchronization between the top floor, where the planning happens, and the shop floor, where the execution takes place.

Couchbase serves more than 500 customers globally, comprising over 30% of the Fortune 100. To learn more about how customers are modernizing with Couchbase, visit featured customer case studies here.

Partner Award Winners

This year’s partner award winners recognized work that delivered differentiation and innovation to its customers while leading them to successful outcomes as they pursued their digital modernization strategies.

Systems Integrator of the Year:

● Winner: Infosys

• Infosys developed new horizontal and vertical solutions like Store Modernization, Digital Supply Chain and Database Migration tools leveraging Couchbase technology and have enhanced their delivery capability.

Cloud Partner of the Year:

● Winner: AWS

• Last year AWS was a launch partner for our in-VPC offering, and this year, with the launch of Couchbase Capella^TM on AWS, developers can build cloud-native applications easily.

Technology Ecosystem Partner of the Year:

● Winner: Red Hat

• As a certified ISV for Red Hat OpenShift platform, Couchbase and Red Hat enable customers to run mission-critical applications in a mixed/hybrid environment and support legacy modernization and cloud native development projects.

ISV Partner of the Year:

● Winner: DigitalRoute

• A partner for over 7 years, DigitalRoute developed their solution on Couchbase and have successfully deployed it in multiple telcos globally.

To learn more about Couchbase partners, please visit the partner page here.

SANTA CLARA, Calif., Oct. 19, 2021 – Couchbase, Inc. (NASDAQ: BASE), provider of a leading modern database for enterprise applications, today announced its Couchbase Capella^TM hosted Database-as-a-Service (DBaaS) offering on Amazon Web Services (AWS). Capella delivers database flexibility for developers and performance at scale for enterprise applications, with the best price-performance of any DBaaS. Because Capella is fully managed and automated, customers can focus on development, improving their applications and reducing time to market, instead of worrying about operational database management efforts. 

“When developing for clients, we need flexibility, high performance and cost effective solutions,” said Scott Bradley, principal engineer, Facet Digital. “Couchbase Capella is a single platform that gives us JSON document agility, in-memory caching speeds, text search and analytics, all accessed via the SQL our team already knows.”

With Couchbase Capella, customers benefit from the latest features in Couchbase Server 7, which fuses the best aspects of relational databases like SQL queries and distributed ACID transactions with the flexibility of a modern JSON document database. Capella’s flexibility supports a broad set of use cases reducing a customer’s need to buy, deploy and manage additional databases or supporting technologies. As customers scale up their applications, Capella delivers price performance that is superior to competitors, allowing customers to do more for less on a dollar-for-dollar basis, while also saving time and effort.

“Modernization is accelerating for nearly every business and we are proud to be evolving our DBaaS to include a hosted offering purpose built for modern application developers,” said Scott Anderson, senior vice president of product management at Couchbase. “At Couchbase, we align our products and solutions to help turn customers’ modernization strategies into realities. With the introduction of Couchbase Capella, we are offering customers the fastest, easiest and most cost effective way to deploy our modern database in the cloud for accelerated application development.” 

Couchbase Capella customer benefits include:

• Easy as SQL. SQL users can develop against Couchbase Capella without learning another query language and they can deploy in just a few clicks. One management pane simplifies multi-cluster, multi-region and multi-cloud operations.
• Develop with agility across use cases. Developers get multi-model capabilities (document, key-value, full text search, analytics) and data structure flexibility allowing them to develop applications for operational, transactional and analytical workloads, all from a single vendor. Users can pick one of ten SDKs with their preferred programming language. 
• Premium performance and cost efficiency at scale. Couchbase Capella’s unique real-time memory first architecture ensures millisecond responses for highly interactive and personalized applications while the price performance keeps improving as users scale. With Couchbase Capella on AWS, customers can experience the best in availability and reliability anywhere in the world. 
• Access to a wide range of AWS Cloud services. The Couchbase Capella control plane is built on AWS and integrates over 20 AWS services into its architecture including Amazon Elastic Compute Cloud (Amazon EC2), Amazon Elastic Block Store (Amazon EBS), AWS Lambda, Amazon GuardDuty and AWS Shield. Developers can connect their applications with AWS services, including Amazon Simple Storage Service (Amazon S3), AWS Fargate, Amazon Elastic Kubernetes Service (Amazon EKS), AWS Lambda and more at very low latency within a single interface.

“Couchbase Capella provides developers the ability to get up and running with Couchbase’s high performance, scalable and flexible database on AWS,” said Sabina Joseph, Director, Americas ISVs, AWS. “The hosted DBaaS provides customers with the flexibility and agility of a cloud database without being slowed down by administrative infrastructure hurdles so they can build modern apps faster. We are delighted to work with Couchbase through the AWS SaaS Factory Program, allowing enterprises to more efficiently deploy business-critical applications on AWS.”

Couchbase Capella is now available on AWS, with additional cloud providers becoming available in the future. Start a free trial today by clicking here and see how easy it is to be up and running with Couchbase in minutes.

Additional Resources

• Read this blog post for more information about Couchbase Capella
• Register here for Couchbase ConnectONLINE, taking place October 20-21, 2021 to learn more about Capella
• Visit this page to find out about all the ways Couchbase can be deployed in any cloud

Forward-Looking Statements

This press release contains “forward-looking” statements within the meaning of the Private Securities Litigation Reform Act of 1995 that are based on management’s beliefs and assumptions and on information currently available to management. Forward-looking statements include, but are not limited to, quotations of management and statements about Couchbase’s market and competitive position, strategies, product releases, and product qualities, capabilities and benefits. Forward-looking statements generally relate to future events or our future financial or operating performance. Forward-looking statements include all statements that are not historical facts and, in some cases, can be identified by terms such as “anticipate,” “expect,” “intend,” “plan,” “believe,” “continue,” “could,” “potential,” “remain,” “may,” “might,” “will,” “would” or similar expressions and the negatives of those terms. However, not all forward-looking statements contain these identifying words. Forward-looking statements involve known and unknown risks, uncertainties, and other factors, including factors beyond our control, which may cause our actual results, performance, or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. These risks include, but are not limited to: any factors creating issues with the qualities, capabilities and benefits of products; delays in product releases; and intense competition and our ability to compete effectively. Further information on risks that could cause actual results to differ materially from forecasted results are included in our filings with the SEC that we may file from time to time, including our Quarterly Report on Form 10-Q for the quarter ended July 31, 2021, which should be read in conjunction with this press release. Any forward-looking statements contained in this press release are based on assumptions that we believe to be reasonable as of this date. Except as required by law, we assume no obligation to update these forward-looking statements, or to update the reasons if actual results differ materially from those anticipated in the forward-looking statements.

SANTA CLARA, Calif. – October 6, 2021 – Couchbase, Inc. (NASDAQ: BASE), provider of a leading modern database for enterprise applications, today announced the keynote speakers, customer sessions and sponsors for ConnectONLINE, taking place virtually from October 20-21, 2021. More than 80 sessions targeted at developers, architects, business users and community members, including over a dozen customer sessions, will be part of the free two-day event.

This year’s event, themed “Modernize Now,” will focus on the importance of the modern database and the need for organizations to become more flexible and increase developer agility to expedite modern application initiatives. Sessions will explore topics on modern data, NoSQL and the cloud, and give attendees the opportunity to learn from industry experts through real-world use cases, data trends and best practices.

“Legacy database technology has reached its limits, and the need for modern databases that can modernize business-critical applications grows more pressing by the day,” said John Kreisa, CMO, Couchbase. “At this year’s ConnectONLINE conference, attendees will get the opportunity to learn directly from our customers about their modernization journeys and the critical role that a next-gen database plays. We look forward to hosting members of the Couchbase community from around the world across every industry at the event, and are excited to showcase Couchbase’s latest cloud and mobile innovations.”

Notable keynote speakers include:

• Couchbase CEO Matt Cain, SVP of Product Scott Anderson and CTO Ravi Mayuram will discuss the enterprise journey to modernization, the future of DBaaS and paint a picture of what a modernized world will look like
• PepsiCo Principal Architect Madhav Mekala will present how Pepsi partnered with Couchbase to architect an offline-available solution for enabling field sales reps at the edge in their stores
• IDC Research VP Dave McCarthy will cover why applications that rely solely on the cloud for data storage and processing are showing signs of strain, as well as review his latest research on the emerging edge services landscape

Attendees will also hear from other end users who are on modernization journeys. Key breakout sessions include:

• Amadeus will talk about its experience designing a cloud-native modular platform aimed at speeding time to market and data exchange to better serve customers and partners
• American Greetings will present how it successfully modernized its databases and automation with Kubernetes, saving the organization time and money
• Citigroup will share how it architected a Market Data System (Scala, Java, TypeScript) that stores billions of data points within Couchbase, while scaling up to over a thousand concurrent connections within an Agile DevOps environment
• Mavenir will present how it redesigned its architecture for optimal performance, and developed a custom monitoring package for failover, recovery and rebalancing with Couchbase Cluster
• Trendyol will discuss how it implemented Couchbase to solve its e-commerce scalability challenges, and how the company migrated from relational databases to Couchbase to improve performance, flexibility and scale

Register for free for Couchbase ConnectONLINE here. Attendees and interested parties can follow along on social media using the hashtag #CBConnect.

This year Couchbase will be hosting its very first Hackathon at ConnectONLINE. Developers can show off their development skills by building any full app, API or tool using Couchbase and its SDKs. Cash prizes will be awarded for “Best Overall,” “Best Use of Couchbase” and “Most Popular.” ConnectONLINE attendees can vote for the “Most Popular” submission in the event Attendee Hub. The Hackathon winners will be announced in a live session on October 21, 2021.

Couchbase would like to thank its gold level sponsors RedHat, Infosys, Quest and CData for their support at ConnectONLINE 2021.

SANTA CLARA, Calif., September 30, 2021 – Couchbase, Inc. (NASDAQ: BASE), provider of a leading modern database for enterprise applications, today announced that Chief Financial Officer Greg Henry will present at the Annual Morgan Stanley Spark Conference in Beverly Hills, California on Thursday, October 14, 2021 at 8:45am PT / 11:45am ET.

A live webcast and replay will be available on the Company’s investor relations website at https://investors.couchbase.com.

Santa Clara, Calif., – September 8, 2021 – Couchbase, Inc. (NASDAQ: BASE), provider of a leading modern database for enterprise applications, today announced financial results for its second quarter ended July 31, 2021.

“We delivered strong performance and continued to gain momentum in our second quarter,” said Matt Cain, president and CEO of Couchbase. “With the introduction of our latest innovation in Couchbase Server 7, we have fused the strengths of relational with the flexibility of a modern database allowing customers to re-platform and modernize applications from legacy solutions while building new ones. Enterprises are increasingly relying on Couchbase to power their most mission critical applications, and we are driving a new paradigm in the database market.”

Second Quarter Fiscal 2022 Financial Highlights:

• Revenue: Total revenue for the quarter was $29.7 million, an increase of 18% year-over-year. Subscription revenue was $28.0 million, an increase of 19% year-over-year.
• Annual recurring revenue (ARR): Total ARR for the quarter was $115.2 million, an increase of 20% year-over-year. See the section titled “Key Business Metrics” below for details.
• Gross margin: Gross margin for the quarter was 88.1%, compared to 89.3% for the second quarter of fiscal 2021. Non-GAAP gross margin for the quarter was 88.3%, compared to 89.5% for the second quarter of fiscal 2021. See the section titled “Use of Non-GAAP Financial Measures” and the tables entitled “Reconciliation of GAAP to Non-GAAP Results” below for details.
• Loss from operations: Loss from operations for the quarter was $14.0 million, compared to $6.7 million for the second quarter of fiscal 2021. Non-GAAP operating loss for the quarter was $12.0 million, compared to $5.2 million for the second quarter of fiscal 2021.
• Cash flow: Cash flows used in operating activities for the quarter were $16.0 million, compared to $13.3 million in the second quarter of fiscal 2021. Capital expenditures were less than $0.1 million during the quarter, leading to negative free cash flow of $16.0 million, compared to negative free cash flow of $14.1 million in the second quarter of fiscal 2021.
• Remaining performance obligations (RPO): RPO as of July 31, 2021 was $118.9 million, up 47% year-over-year.

Second Quarter of Fiscal 2022 Business Highlights:

• Completed initial public offering of 9,589,999 shares at $24 per share, for total net proceeds of $214.9 million.
• Released Couchbase Server 7, which bridges the best aspects of relational databases like ACID transactions with the flexibility of a modern database, allowing enterprises to confidently accelerate strategic initiatives such as more quickly moving business-critical applications into the cloud, improving application flexibility and increasing developer agility.
• Appointed Carol Carpenter, Chief Marketing Officer at VMware, and Lynn Christensen, former Senior Vice President at Workday, to the board of directors.

Financial Outlook:

For the third quarter of fiscal 2022, Couchbase expects:

• Total revenue between $29.3 million and $29.5 million
• Total ARR between $117.9 million and $118.1 million
• Non-GAAP operating loss between $14.3 million and $14.1 million

For the full fiscal year 2022, Couchbase expects:

• Total revenue between $120.8 million and $121.2 million
• Total ARR between $127.4 million and $127.6 million
• Non-GAAP operating loss between $48.2 million and $47.8 million

The guidance provided above is based on several assumptions that are subject to change and many of which are outside our control. If actual results vary from these assumptions, our expectations may change. There can be no assurance that we will achieve these results.

Couchbase is not able, at this time, to provide GAAP targets for operating income for the third quarter or full year of fiscal 2022 because of the difficulty of estimating certain items excluded from non-GAAP operating loss that cannot be reasonably predicted, such as charges related to stock-based compensation expense. The effect of these excluded items may be significant.

Conference Call Information

Couchbase will host a conference call and webcast at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) on Wednesday, September 8, 2021 to discuss its financial results and business highlights. To access this conference call, dial (888) 660-1027 from the United States and Canada or (409) 231-2719 internationally with conference ID 3360419. The live webcast and a webcast replay of the conference call can be accessed from the investor relations page of Couchbase’s website at investors.couchbase.com.

Use of Non-GAAP Financial Measures

In addition to our financial information presented in accordance with GAAP, we believe certain non-GAAP financial measures are useful to investors in evaluating our operating performance. We use certain non-GAAP financial measures, collectively, to evaluate our ongoing operations and for internal planning and forecasting purposes. We believe that non-GAAP financial measures, when taken together with the corresponding GAAP financial measures, may be helpful to investors because they provide consistency and comparability with past financial performance and meaningful supplemental information regarding our performance by excluding certain items that may not be indicative of our business, results of operations or outlook. Non-GAAP financial measures are presented for supplemental informational purposes only, have limitations as analytical tools and should not be considered in isolation or as a substitute for financial information presented in accordance with GAAP and may be different from similarly-titled non-GAAP financial measures used by other companies. In addition, other companies, including companies in our industry, may calculate similarly-titled non-GAAP financial measures differently or may use other measures to evaluate their performance, all of which could reduce the usefulness of our non-GAAP financial measures as tools for comparison. Investors are encouraged to review the related GAAP financial measures and the reconciliation of these non-GAAP financial measures to their most directly comparable GAAP financial measures (provided in the financial statement tables included in this press release), and not to rely on any single financial measure to evaluate our business.

Non-GAAP gross profit, non-GAAP gross margin, non-GAAP operating loss, non-GAAP operating margin, non-GAAP net loss attributable to common stockholders and non-GAAP net loss per share attributable to common stockholders: We define these non-GAAP financial measures as their respective GAAP measures, excluding expenses related to stock-based compensation expense and litigation-related expenses. We use these non-GAAP financial measures in conjunction with GAAP measures to assess our performance, including in the preparation of our annual operating budget and quarterly forecasts, to evaluate the effectiveness of our business strategies and to communicate with our board of directors concerning our financial performance.

Free cash flows: We define free cash flow as cash used in operating activities less purchases of property and equipment, which includes capitalized internal-use software costs. We believe free cash flow is a useful indicator of liquidity that provides our management, board of directors and investors with information about our future ability to generate or use cash to enhance the strength of our balance sheet and further invest in our business and pursue potential strategic initiatives.

Please see the reconciliation tables at the end of this release for the reconciliation of GAAP and non-GAAP results.

Key Business Metrics

We review a number of operating and financial metrics, including Annual Recurring Revenue (ARR), to evaluate our business, measure our performance, identify trends affecting our business, formulate business plans and make strategic decisions.

We define ARR as of a given date as the annualized recurring revenue that we would contractually receive from our customers in the month ending 12 months following such date. Based on historical experience with customers, we assume all contracts will be automatically renewed at the same levels unless we receive notification of non-renewal and are no longer in negotiations prior to the measurement date. ARR excludes revenue from on-demand arrangements. Although we seek to increase ARR as part of our strategy of targeting large enterprise customers, this metric may fluctuate from period to period based on our ability to acquire new customers and expand within our existing customers. We believe that our ARR is an important indicator of the growth and performance of our business.

Forward-Looking Statements

This press release contains “forward-looking” statements within the meaning of the Private Securities Litigation Reform Act of 1995 that are based on management’s beliefs and assumptions and on information currently available to management. Forward-looking statements include, but are not limited to, quotations of management, the “Financial Outlook” section, and statements about Couchbase’s market position, strategies, and potential market opportunities, including its positioning in the market. Forward-looking statements generally relate to future events or our future financial or operating performance. Forward-looking statements include all statements that are not historical facts and, in some cases, can be identified by terms such as “anticipate,” “expect,” “intend,” “plan,” “believe,” “continue,” “could,” “potential,” “remain,” “may,” “might,” “will,” “would” or similar expressions and the negatives of those terms. However, not all forward-looking statements contain these identifying words. Forward-looking statements involve known and unknown risks, uncertainties, and other factors, including factors beyond our control, which may cause our actual results, performance, or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. These risks include, but are not limited to: our history of net losses and ability to achieve or maintain profitability in the future; our ability to continue to grow on pace with historical rates; our ability to manage our growth effectively; intense competition and our ability to compete effectively; cost-effectively acquiring new customers or obtaining renewals, upgrades or expansions from our existing customers; the market for our products and services being relatively new and evolving, and our future success depending on the growth and expansion of this market; our ability to innovate in response to changing customer needs, new technologies or other market requirements; our limited operating history, which makes it difficult to predict our future results of operations; the significant fluctuation of our future results of operations and ability to meet the expectations of analysts or investors; our significant reliance on revenue from subscriptions, which may decline and, the recognition of a significant portion of revenue from subscriptions over the term of the relevant subscription period, which means downturns or upturns in sales are not immediately reflected in full in our results of operations; and the impact of the COVID-19 pandemic. Further information on risks that could cause actual results to differ materially from forecasted results are included in our filings with the SEC that we may file from time to time, including our final prospectus filed with the SEC pursuant to Rule 424(b)(4) on July 22, 2021. Additional information will be made available in our Quarterly Report on Form 10-Q for the quarter ended July 31, 2021 that will be filed with the SEC, which should be read in conjunction with this press release and the financial results included herein. Any forward-looking statements contained in this press release are based on assumptions that we believe to be reasonable as of this date. Except as required by law, we assume no obligation to update these forward-looking statements, or to update the reasons if actual results differ materially from those anticipated in the forward-looking statements.

Investor Contact:
Edward Parker
ICR for Couchbase
IR@couchbase.com

 

Couchbase, Inc.

Condensed Consolidated Statements of Operations

(in thousands, except per share data)

(unaudited)

	Three Months Ended July 31,		Six Months Ended July 31,
	2021	2020	2021	2020
Revenue:
License	$4,416	$3,010	$8,694	$5,540
Support and other	23,613	20,627	45,800	39,269
Total subscription revenue	28,029	23,637	54,494	44,809
Services	1,670	1,523	3,160	3,396
Total revenue	29,699	25,160	57,654	48,205
Cost of revenue:
Subscription (1)	2,072	1,276	4,124	2,273
Services (1)	1,453	1,407	2,793	3,087
Total cost of revenue	3,525	2,683	6,917	5,360
Gross profit	26,174	22,477	50,737	42,845
Operating expenses:
Research and development (1)	12,623	9,237	25,164	18,279
Sales and marketing (1)	22,263	16,475	42,897	33,702
General and administrative (1)	5,278	3,468	10,775	6,861
Total operating expenses	40,164	29,180	78,836	58,842
Loss from operations	(13,990)	(6,703)	(28,099)	(15,997)
Interest expense	(252)	(2,495)	(497)	(4,016)
Other income (expense), net	(77)	614	7	307
Loss before income taxes	(14,319)	(8,584)	(28,589)	(19,706)
Provision for income taxes	151	254	480	482
Net loss	$(14,470)	$(8,838)	$(29,069)	$(20,188)
Cumulative dividends on Series G redeemable convertible preferred stock	(1,438)	(1,150)	(2,917)	(1,150)
Net loss attributable to common stockholders	$(15,908)	$(9,988)	$(31,986)	$(21,338)
Net loss per share attributable to common stockholders, basic and diluted	$(1.76)	$(1.76)	$(4.16)	$(3.77)
Weighted-average shares used in computing net loss per share attributable to common stockholders, basic and diluted	9,045	5,662	7,696	5,660

 

Includes stock-based compensation expense as follows:

	Three Months Ended July 31,		Six Months Ended July 31,
	2021	2020	2021	2020
Cost of revenue—subscription	$30	$19	$57	$34
Cost of revenue—services	24	17	46	27
Research and development	569	394	1,139	640
Sales and marketing	688	412	1,229	676
General and administrative	670	524	1,339	830
Total stock-based compensation expense	$1,981	$1,366	$3,810	$2,207

 

Couchbase, Inc.

Condensed Consolidated Balance Sheets

(in thousands)

(unaudited)

	As of July 31,	As of January 31,
	2021	2021
Assets
Current assets
Cash and cash equivalents	$239,246	$37,297
Short-term investments	14,321	19,546
Accounts receivable, net	20,183	35,897
Deferred commissions	8,645	8,353
Prepaid expenses and other current assets	8,099	2,449
Total current assets	290,494	103,542
Property and equipment, net	5,578	6,506
Deferred commissions, noncurrent	5,394	4,941
Other assets	1,316	2,199
Total assets	$302,782	$117,188
Liabilities, Redeemable Convertible Preferred Stock and Stockholders’ Equity (Deficit)
Current liabilities
Accounts payable	$7,153	$2,428
Accrued compensation and benefits	9,020	9,110
Other accrued liabilities	3,575	4,154
Deferred revenue	48,980	57,168
Total current liabilities	68,728	72,860
Long-term debt	24,963	24,948
Deferred revenue, noncurrent	5,356	4,542
Other liabilities	1,312	1,358
Total liabilities	100,359	103,708
Redeemable convertible preferred stock	—	259,822
Stockholders’ equity (deficit)
Preferred stock	—	—
Common stock	—	—
Additional paid-in capital	515,245	37,410
Accumulated other comprehensive income	—	1
Accumulated deficit	(312,822)	(283,753)
Total stockholders’ equity (deficit)	202,423	(246,342)
Total liabilities, redeemable convertible preferred stock and stockholders’ equity (deficit)	$302,782	$117,188

 

Couchbase, Inc.

Condensed Consolidated Statements of Cash Flows

(in thousands)

(unaudited)

	Three Months Ended July 31,		Six Months Ended July 31,
	2021	2020	2021	2020
Cash flows from operating activities
Net loss	$(14,470)	$(8,838)	$(29,069)	$(20,188)
Adjustments to reconcile net loss to net cash used in operating activities
Depreciation and amortization	698	383	1,406	607
Amortization of debt issuance costs	15	405	15	460
Debt prepayment costs	—	375	—	375
Stock-based compensation	1,981	1,366	3,810	2,207
Amortization of deferred commissions	3,368	2,438	6,326	4,505
Foreign currency transaction (gains) losses	80	(605)	5	(279)
Other	34	13	68	45
Changes in operating assets and liabilities
Accounts receivable	(2,712)	(4,027)	15,845	13,014
Deferred commissions	(4,353)	(3,256)	(7,071)	(4,758)
Prepaid expenses and other assets	(3,950)	(5)	(5,848)	(364)
Accounts payable	3,532	(490)	4,553	462
Accrued compensation and benefits	3,183	2,660	(91)	(1,244)
Other accrued liabilities	(1,081)	(865)	(1,749)	(794)
Deferred revenue	(2,311)	(2,872)	(7,375)	(13,514)
Net cash used in operating activities	(15,986)	(13,318)	(19,175)	(19,466)
Cash flows from investing activities
Purchases of short-term investments	(5,407)	—	(7,133)	—
Maturities of short-term investments	7,095	—	12,285	—
Purchases of property and equipment	(20)	(785)	(250)	(2,626)
Net cash provided by (used in) investing activities	1,668	(785)	4,902	(2,626)
Cash flows from financing activities
Payments of debt	—	(31,777)	—	(31,777)
Proceeds from issuance of debt, net of issuance costs	—	—	—	6,402
Proceeds from issuance of Series G redeemable convertible preferred stock, net of issuance costs	—	104,316	—	104,316
Proceeds from exercise of stock options	2,841	58	4,288	144
Proceeds from initial public offering, net of underwriting discounts and commissions	214,854	—	214,854	—
Payments of deferred offering costs	(1,356)	—	(2,795)	—
Net cash provided by financing activities	216,339	72,597	216,347	79,085
Effect of exchange rate changes on cash, cash equivalents and restricted cash	(119)	300	(125)	24
Net increase in cash, cash equivalents and restricted cash	201,902	58,794	201,949	57,017
Cash, cash equivalents, and restricted cash at beginning of period	37,887	16,990	37,840	18,767
Cash, cash equivalents, and restricted cash at end of period	$239,789	$75,784	$239,789	$75,784
Reconciliation of cash, cash equivalents, and restricted cash within the consolidated balance sheets to the amounts shown above:
Cash and cash equivalents	$239,246	$75,241	$239,246	$75,241
Restricted cash included in other assets	543	543	543	543
Total cash, cash equivalents and restricted cash	$239,789	$75,784	$239,789	$75,784

 

Couchbase, Inc.

Reconciliation of GAAP to Non-GAAP Results

(in thousands, except per share data)

(unaudited)

	Three Months Ended July 31,		Six Months Ended July 31,
	2021	2020	2021	2020
Reconciliation of GAAP total gross profit to non-GAAP total gross profit:
Total revenue	$29,699	$25,160	$57,654	$48,205
Gross profit	$26,174	$22,477	$50,737	$42,845
Add: Stock-based compensation expense	54	36	103	61
Non-GAAP gross profit	$26,228	$22,513	$50,840	$42,906
Gross margin	88.1%	89.3%	88.0%	88.9%
Non-GAAP gross margin	88.3%	89.5%	88.2%	89.0%

 

	Three Months Ended July 31,		Six Months Ended July 31,
	2021	2020	2021	2020
Reconciliation of GAAP operating expenses to non-GAAP operating expenses:
GAAP research and development	$12,623	$9,237	$25,164	$18,279
Less: Stock-based compensation expense	(569)	(394)	(1,139)	(640)
Non-GAAP research and development	$12,054	$8,843	$24,025	$17,639
GAAP sales and marketing	$22,263	$16,475	$42,897	$33,702
Less: Stock-based compensation expense	(688)	(412)	(1,229)	(676)
Non-GAAP sales and marketing	$21,575	$16,063	$41,668	$33,026
GAAP general and administrative	$5,278	$3,468	$10,775	$6,861
Less: Stock-based compensation expense	(670)	(524)	(1,339)	(830)
Less: Litigation-related expenses	—	(138)	—	(213)
Non-GAAP general and administrative	$4,608	$2,806	$9,436	$5,818

 

	Three Months Ended July 31,		Six Months Ended July 31,
	2021	2020	2021	2020
Reconciliation of GAAP operating loss to non-GAAP operating loss:
Total revenue	$29,699	$25,160	$57,654	$48,205
Loss from operations	$(13,990)	$(6,703)	$(28,099)	$(15,997)
Add: Stock-based compensation expense	1,981	1,366	3,810	2,207
Add: Litigation-related expenses	—	138	—	213
Non-GAAP operating loss	$(12,009)	$(5,199)	$(24,289)	$(13,577)
Operating margin	(47)%	(27)%	(49)%	(33)%
Non-GAAP operating margin	(40)%	(21)%	(42)%	(28)%

 

	Three Months Ended July 31,		Six Months Ended July 31,
	2021	2020	2021	2020
Reconciliation of GAAP net loss attributable to common stockholders to non-GAAP net loss attributable to common stockholders:
Net loss attributable to common stockholders	$(15,908)	$(9,988)	$(31,986)	$(21,338)
Add: Stock-based compensation expense	1,981	1,366	3,810	2,207
Add: Litigation-related expenses	—	138	—	213
Non-GAAP net loss attributable to common stockholders	$(13,927)	$(8,484)	$(28,176)	$(18,918)
GAAP net loss per share attributable to common stockholders	$(1.76)	$(1.76)	$(4.16)	$(3.77)
Non-GAAP net loss per share attributable to common stockholders	$(1.54)	$(1.50)	$(3.66)	$(3.34)
Weighted average shares outstanding, basic and diluted	9,045	5,662	7,696	5,660

 

The following table presents a reconciliation of free cash flow to net cash used in operating activities, the most directly comparable GAAP measure, for each of the periods indicated (unaudited, in thousands):

	Three Months Ended July 31,		Six Months Ended July 31,
	2021	2020	2021	2020
Net cash used in operating activities	$(15,986)	$(13,318)	$(19,175)	$(19,466)
Less: Purchases of property and equipment	(20)	(785)	(250)	(2,626)
Free cash flow	$(16,006)	$(14,103)	$(19,425)	$(22,092)
Net cash provided by (used in) investing activities	$1,668	$(785)	$4,902	$(2,626)
Net cash provided by financing activities	$216,339	$72,597	$216,347	$79,085

 

Couchbase, Inc.

Key Business Metrics

Annual Recurring Revenue

(in millions)

(unaudited)

	As of
	April 30,	July 31,	Oct. 31,	Jan. 31,	April 30,	July 31,
	2020	2020	2020	2021	2021	2021
ARR	$89.8	$96.2	$101.4	$107.8	$109.5	$115.2

 

SANTA CLARA, Calif., August 17, 2021 – Couchbase, Inc. (NASDAQ: BASE), provider of a leading modern database for enterprise applications, today announced that it will report financial results for its fiscal second quarter ended July 31, 2021 on Wednesday, September 8, 2021 after market close.

Couchbase will host a conference call and webcast at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) on Wednesday, September 8, 2021 to discuss its financial results. To access this conference call, dial (888) 660-1027 from the United States and Canada or (409) 231-2719 internationally with conference ID 3360419. The live webcast and a webcast replay of the conference call can be accessed from the investor relations page of Couchbase’s website at investors.couchbase.com.

Investor Contact:
Edward Parker
ICR for Couchbase
IR@Couchbase.com

Santa Clara, Calif. – July 29, 2021 – Couchbase, Inc. (NASDAQ: BASE), provider of a leading modern database for enterprise applications, today announced the general availability of Couchbase Server 7. This landmark release bridges the best aspects of relational databases like ACID transactions with the flexibility of a modern database, allowing enterprises to confidently accelerate strategic initiatives such as more quickly moving business-critical applications into the cloud, improving application flexibility and increasing developer agility. With Couchbase Server 7, enterprise development teams get one unified platform and no longer need to use one database for transactions and a separate database for developer agility and scale. This means that customers can simplify their database architectures, expand Couchbase usage into enterprise transactional applications and reduce operating costs through performance enhancements.

“Our organization requires the ability to deliver faster operational performance while lowering cost of ownership,” said Jordan Gillespie, director of platform engineering, NetDocuments. “The improvements facilitated by collection-level processing of data access, partitioning and index isolation in Couchbase Server 7 provide that performance boost while lowering operating costs that modern database applications like ours require.”

According to Forrester, “Many organizations still use applications based on legacy fourth-generation languages and database management systems and other legacy technologies that haunt them to this day” (Forrester, Now Tech: Application Modernization and Migration Services, Q1 2021). As such, there is an urgent need for a database platform that can support both developing and deploying new applications and also modernizing and upgrading existing ones. Couchbase Server 7 eliminates the key friction points that have kept enterprises from modernizing their relational-based applications, giving them the agility and flexibility to accelerate the development of modern business-critical applications.

Customers benefit in many ways, including the ability to execute business transactions within their customer-facing applications, develop rich customer 360 data models and applications that drive personalization and execute long standing plans to modernize relational-based applications to the cloud. Furthermore, development teams can more easily make the transition from legacy relational databases to Couchbase’s modern database without needing to re-train team members as the platform supports the programming languages they already use, combined with the familiarity of SQL that they already know.

Couchbase Server 7 highlights include:

• Eliminating the complexities of database sprawl by adding fully mature SQL transaction capabilities. This means customers no longer need both a relational database and also a NoSQL database. Couchbase now has multi-statement SQL transactions by fusing together transactions and high-volume interactions. For the first time, customers can do multi-document SQL ACID transactions with interactions in microseconds all within one unified database platform.
• Enabling runtime updates with zero downtime through a dynamic data containment model. Couchbase Server 7 introduces schema and table-like organizing structures, called “scopes and collections,” within the schemaless database. Only with Couchbase Server 7 can customers add a table (the “collection”) in Couchbase, while transactions are happening without having to add or modify the schema (the “scope”) or take down the database for this upgrade. This greatly speeds up innovation cycles. The new multi-level, dynamic data organizing structure allows the platform to match and migrate relational data models into Couchbase Server 7, and then inverts ongoing control of the data structures from the database administrator to the application developer, thereby improving their productivity.
• Faster operational performance that lowers the total cost of ownership facilitated by collection-level processing of data access, partitioning and index isolation. Couchbase Server 7 also adds a configurable backup service. Data sets delivered to microservices are faster, index builds execute in parallel and indexes are portable during data rebalancing. And finally, the query service adds a cost-based query optimizer to replace its former rules-based optimization.

Couchbase Server 7 is now generally available and can be downloaded here.

Supporting Quotes

“With Couchbase Server 7, the relational versus NoSQL database debate is over. Modern developers no longer have to struggle with having multiple databases– a relational database for transactionality, and a NoSQL database for flexibility and scale. We are delighted to be the first modern Database-as-a-Service provider to combine traditional relational database functionality like SQL and transactions with the flexibility and scalability of NoSQL. The data containment model and distributed SQL transactions introduced in Couchbase Server 7 give developers a familiar programming model on a distributed database. In addition, there are 30 other innovations covering query, search, eventing, analytics and geo-replication. No other database has organically fused all of these capabilities in a single database. These innovations give developers an astonishing advantage to build modern enterprise applications for a connected world.”
– Ravi Mayuram, Senior Vice President of Engineering and CTO, Couchbase

“Couchbase is a strategic partner for Infosys and plays a significant role in our Modernization practice. The Infosys Modernization Suite (IMS), part of Infosys Cobalt offerings, leverages the power of Couchbase to modernize our clients’ legacy monoliths into scalable, high performance microservices-based applications. We participated in the Couchbase Server 7 beta program and have developed a set of advanced database migration toolsets that leverage new features such as scopes and collections and enhanced SQL transactions to offer our mutual clients an accelerated and lower cost path to digital transformation.”
– Shaji Mathew, Executive Vice President, Infosys.

“Erwin has been working closely with Couchbase for many years. We are building additional integrations to leverage the new features of Couchbase Server 7 in erwin Data Modeler and erwin Data Intelligence that help large enterprises and regulated industries get more value from their data. As the leading enterprise data modeling vendor, we increasingly see enterprises adopting modern database platforms like Couchbase to augment their legacy RDBMS-based architectures. Couchbase Server 7 has removed the obstacle of enforcing strict data governance while accommodating a relaxed schema and data model for business-critical applications, which will further accelerate the adoption of Couchbase as an alternative to relational databases.”
– Heath Thompson, ISM President and General Manager, Quest Software

Additional Resources

• For more about what’s new in Couchbase Server 7, read this blog post 
• Register for a Couchbase Server 7 webinar to learn more about the new release
  • North America – Wednesday, August 11, 2021 at 11:00 AM Pacific Daylight Time
  • EMEA – Thursday, August 12, 2021 at 10:00 AM British Summer Time
  • APAC – Thursday, August 12, 2021 at 4:00 PM Australian Eastern Standard Time
• Find out more about Couchbase’s customers here