MongoDB Inc.

MongoDB Appoints Ann Lewnes to Board of Directors

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Tuesday, December 5, 2023

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NEW YORK, Dec. 5, 2023 /PRNewswire/ -- MongoDB, Inc. (NASDAQ: MDB) today announced the appointment of Ann Lewnes to its Board of Directors. Lewnes was previously in senior leadership roles at Adobe Systems, Inc., a multinational software company that offers digital marketing and media solutions, from 2006 to 2023, most recently as Chief Marketing Officer and Executive Vice President of Corporate Strategy and Development during a period of massive growth.

Key Points:

NEW YORK, Dec. 5, 2023 /PRNewswire/ -- MongoDB, Inc. (NASDAQ: MDB) today announced the appointment of Ann Lewnes to its Board of Directors.
Lewnes brings decades of expertise in all aspects of marketing, customer acquisition, and growth strategies to the MongoDB Board, having helped scale Adobe into a globally recognized, multi-billion-dollar brand.
Lewnes has also served on the Board of Directors of Mattel, Inc. since 2015, where she currently chairs the Governance and Social Responsibility Committee.
To learn more about the MongoDB Board of Directors and corporate governance, visit investors.mongodb.com/corporate-governance/board-of-directors .

MongoDB, Inc. Announces Third Quarter Fiscal 2024 Financial Results

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Tuesday, December 5, 2023

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NEW YORK, Dec. 5, 2023 /PRNewswire/ -- MongoDB, Inc. (NASDAQ: MDB) today announced its financial results for the third quarter ended October 31, 2023.

Key Points:

Revenue: Total revenue was $432.9 million for the third quarter of fiscal 2024, an increase of 30% year-over-year.
Gross Profit: Gross profit was $325.9 million for the third quarter of fiscal 2024, representing a 75% gross margin compared to 72% in the year-ago period.
Net Loss: Net loss was $29.3 million, or $0.41 per share, based on 71.6 million weighted-average shares outstanding, for the third quarter of fiscal 2024.
Based on information available to management as of today, December 5, 2023, MongoDB is issuing the following financial guidance for the fourth quarter and full year fiscal 2024.

MongoDB Announces General Availability of New Capabilities to Power Next-Generation Applications

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Monday, December 4, 2023

NEW YORK, Dec. 4, 2023 /PRNewswire/ -- MongoDB, Inc. (NASDAQ: MDB) today announced the general availability of MongoDB Atlas Vector Search and MongoDB Atlas Search Nodes to make it faster and easier for organizations to securely build, deploy, and scale next-generation applications at less cost. MongoDB Atlas Vector Search simplifies bringing generative AI and semantic search capabilities into real-time applications for highly engaging and customized end-user experiences using an organization's operational data. MongoDB Atlas Search Nodes provide dedicated infrastructure for applications that use generative AI and relevance-based search to scale workloads independent of the database and manage high-throughput use cases with greater flexibility, performance, and efficiency. Together, these capabilities on MongoDB Atlas provide organizations with the required foundation to seamlessly build, deploy, and scale applications that take advantage of generative AI and robust search capabilities with greater operational efficiency and ease of use. To get started with MongoDB Atlas, visit mongodb.com/atlas.

Key Points:

NEW YORK, Dec. 4, 2023 /PRNewswire/ -- MongoDB, Inc. (NASDAQ: MDB) today announced the general availability of MongoDB Atlas Vector Search and MongoDB Atlas Search Nodes to make it faster and easier for organizations to securely build, deploy, and scale next-generation applications at less cost.
MongoDB Atlas Vector Search simplifies bringing generative AI and semantic search capabilities into real-time applications for highly engaging and customized end-user experiences using an organization's operational data.
Customers across industries including AT&T Cybersecurity, Pathfinder Labs, and many more are building and scaling next-generation applications with MongoDB Atlas Vector Search and MongoDB Atlas Search Nodes.
MongoDB Atlas Search Nodes are generally available today on AWS, with availability on Google Cloud and Microsoft Azure coming soon.

MongoDB, Inc. to Present at the Barclays Global Technology Conference

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Thursday, November 30, 2023

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NEW YORK, Nov. 30, 2023 /PRNewswire/ -- MongoDB, Inc. (NASDAQ: MDB) today announced that its Chief Operating Officer and Chief Financial Officer, Michael Gordon, and Senior Vice President of Finance, Serge Tanjga, will present at the Barclays Global Technology Conference in San Francisco, CA.

Key Points:

NEW YORK, Nov. 30, 2023 /PRNewswire/ -- MongoDB, Inc. (NASDAQ: MDB) today announced that its Chief Operating Officer and Chief Financial Officer, Michael Gordon, and Senior Vice President of Finance, Serge Tanjga, will present at the Barclays Global Technology Conference in San Francisco, CA.
The MongoDB presentation is scheduled for Thursday, December 7, 2023, at 9:50 a.m. Pacific Time (12:50 p.m. Eastern Time).
A live webcast of the presentation will be available on the Events page of the MongoDB investor relations website at https://investors.mongodb.com/news-events/events .
A replay of the webcast will also be available for a limited time.

MongoDB Announces Integration of MongoDB Atlas Vector Search with Amazon Bedrock to Power Next-Generation Applications on AWS

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Wednesday, November 29, 2023

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LAS VEGAS, Nov. 29, 2023 /PRNewswire/ -- MongoDB, Inc. (NASDAQ: MDB) today at AWS re:Invent 2023 announced plans to integrate MongoDB Atlas Vector Search with Amazon Bedrock to enable organizations to build next-generation applications on Amazon Web Services (AWS) and their industry-leading cloud infrastructure. MongoDB Atlas Vector Search uses an organization's operational data to simplify bringing generative AI and semantic search capabilities into applications for highly engaging and customized end-user experiences. This integration will make it easier for developers to create applications on AWS that use generative AI to complete complex tasks for a wide range of use cases and deliver up-to-date responses based on proprietary data processed by MongoDB Atlas Vector Search. To learn more about building AI-powered applications on MongoDB Atlas, visit mongodb.com/use-cases/artificial-intelligence.

Key Points:

MongoDB Atlas Vector Search uses an organization's operational data to simplify bringing generative AI and semantic search capabilities into applications for highly engaging and customized end-user experiences.
This new integration with Amazon Bedrock allows organizations to quickly and easily deploy generative AI applications on AWS that can act on data processed by MongoDB Atlas Vector Search and deliver more accurate and relevant responses.
"The MongoDB Atlas Vector Search integration with Amazon Bedrock will help customers tightly align their data strategies to build and scale generative AI innovations.
The integration of MongoDB Atlas Vector Search with Amazon Bedrock will be available on AWS in the coming months.

MongoDB, Inc. Announces Date of Third Quarter Fiscal 2024 Earnings Call

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Thursday, November 9, 2023

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In conjunction with this announcement, MongoDB will host a conference call on Tuesday, December 5, 2023, at 5:00 p.m. (Eastern Time) to discuss the Company's financial results and business outlook.

Key Points:

In conjunction with this announcement, MongoDB will host a conference call on Tuesday, December 5, 2023, at 5:00 p.m. (Eastern Time) to discuss the Company's financial results and business outlook.
A live webcast of the call will be available on the "Investor Relations" page of the Company's website at http://investors.mongodb.com .
To access the call by phone, please go to this link ( registration link ), and you will be provided with dial in details.
To avoid delays, we encourage participants to dial into the conference call fifteen minutes ahead of the scheduled start time.

MongoDB and AWS Collaborate to Optimize Amazon CodeWhisperer Suggestions for Developers Building Applications on MongoDB

Retrieved on:

Monday, November 6, 2023

NEW YORK, Nov. 6, 2023 /PRNewswire/ -- MongoDB, Inc. (NASDAQ: MDB) and Amazon Web Services, Inc. (AWS), an Amazon.com (NASDAQ: AMZN) company, today announced the two companies are collaborating to optimize Amazon CodeWhisperer to provide enhanced suggestions for application development and modernization on MongoDB's industry-leading developer data platform that millions of developers and tens of thousands of customers rely on every day for business-critical applications. Trained on billions of lines of Amazon and publicly available code, Amazon CodeWhisperer is an AI-powered coding companion from AWS that generates code suggestions based on natural-language comments or existing code in developers' integrated development environments (IDEs). Working together with AWS, MongoDB provided curated training data for MongoDB use cases and took part in the evaluation of Amazon CodeWhisperer outputs throughout the training process to promote high-quality code suggestions. While Amazon CodeWhisperer already provided support for building applications on MongoDB, developers can now get enhanced suggestions that reflect best practices, allowing developers to ideate more quickly, rapidly prototype new features, and accelerate application development.

Key Points:

Working together with AWS, MongoDB provided curated training data for MongoDB use cases and took part in the evaluation of Amazon CodeWhisperer outputs throughout the training process to promote high-quality code suggestions.
While Amazon CodeWhisperer already provided support for building applications on MongoDB, developers can now get enhanced suggestions that reflect best practices, allowing developers to ideate more quickly, rapidly prototype new features, and accelerate application development.
"Collaborating with AWS to train Amazon CodeWhisperer on MongoDB is a step in that direction, and developers can now build more quickly and focus on higher-value tasks.
Amazon CodeWhisperer now helps reduce the amount of time developers spend creating code for building data-driven applications on MongoDB and will continue to be trained to improve and refine code suggestions.

MongoDB Launches New Initiatives to Accelerate Modern Application Development for Healthcare and Insurance Organizations

Retrieved on:

Wednesday, October 4, 2023

BOSTON, Oct. 4, 2023 /PRNewswire/ -- MongoDB, Inc. (NASDAQ: MDB) today at MongoDB.local Boston, announced the launch of MongoDB Atlas for Healthcare and MongoDB Atlas for Insurance, two new initiatives that help companies in these industries accelerate their pace of innovation and better serve end-users with modern, data-driven applications. MongoDB Atlas for Healthcare and MongoDB Atlas for Insurance include expert-led innovation workshops, tailored technology partnerships, and industry-specific knowledge accelerators to provide customized training paths designed for a range of use cases that developers in these industries work with. To learn more about MongoDB Atlas for Industries, visit https://www.mongodb.com/industries.

Key Points:

"With the launch of MongoDB Atlas for Healthcare and MongoDB Atlas for Insurance, we're alleviating these challenges by providing organizations with the tools required to build modern applications that increase operational efficiency and productivity.
Jumpstart application development: With MongoDB Atlas for Healthcare and MongoDB Atlas for Insurance, organizations can engage with the MongoDB Professional Services team to take advantage of healthcare and insurance expertise and accelerate projects from concept to prototype to production in less time.
Upskill teams to quickly build modern applications: MongoDB Atlas for Healthcare and MongoDB Atlas for Insurance provide tailored MongoDB University courses and learning materials, including unlimited access to curated webinars and solutions sessions, to help developers learn how to quickly build modern applications for the healthcare and insurance fields.
To get started with MongoDB Atlas for Healthcare, visit https://www.mongodb.com/industries/healthcare , and to get started with MongoDB Atlas for Insurance, visit https://www.mongodb.com/industries/insurance .

MongoDB Announces Jim Scharf as Chief Technology Officer

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Monday, October 2, 2023

Organization, Amazon, Cloud computing, MongoDB, Amazon Web Services, Growth, AI, AWS, MongoDB Inc., Management, Scharf

NEW YORK, Oct. 2, 2023 /PRNewswire/ -- MongoDB, Inc. (NASDAQ: MDB) today announced Jim Scharf has joined the company as Chief Technology Officer. Scharf will lead MongoDB's global engineering organization, partner with other senior leaders to set and execute the company's technical vision and strategy, and oversee the development and delivery of MongoDB's products and services.

Key Points:

Scharf joins MongoDB with more than two decades of expertise in scaling engineering teams, building innovative products, and launching successful cloud services
NEW YORK, Oct. 2, 2023 /PRNewswire/ -- MongoDB, Inc. (NASDAQ: MDB) today announced Jim Scharf has joined the company as Chief Technology Officer.
Scharf joins MongoDB after 17 years at Amazon Web Services (AWS), where he helped drive years of rapid growth and scaled product management, software engineering, security, operations, and solutions architecture organizations behind a number of successful products and services.
In his time at AWS, Scharf was an author of 20 U.S. patents in the area of cloud computing.
Previously, Scharf worked in numerous software engineering and technology consulting roles.

MongoDB Launches Advanced Data Management Capabilities to Run Applications Anywhere

Retrieved on:

Tuesday, September 26, 2023

LONDON, Sept. 26, 2023 /PRNewswire/ -- MongoDB, Inc. (NASDAQ: MDB) today at MongoDB.local London announced MongoDB Atlas for the Edge, a set of capabilities that make it easier for organizations to deploy applications closer to where real-time data is generated, processed, and stored—across devices, on-premises data centers, and major cloud providers. With MongoDB Atlas for the Edge, data is securely stored and synchronized in real time across data sources and destinations to provide highly available, resilient, and reliable applications. Organizations can now use MongoDB Atlas for the Edge to build, deploy, and manage applications that are accessible virtually anywhere for use cases like connected vehicles, smart factories, and supply chain optimization—without the complexity typically associated with operating distributed applications at the edge. To get started with MongoDB Atlas for the Edge, visit mongodb.com/use-cases/edge-computing.

Key Points:

With MongoDB Atlas for the Edge, data is securely stored and synchronized in real time across data sources and destinations to provide highly available, resilient, and reliable applications.
Tens of thousands of customers and millions of developers today rely on MongoDB Atlas to run business-critical applications for real-time inventory management, predictive maintenance, and high-volume financial transactions.
Run applications in locations with intermittent network connectivity: With MongoDB Atlas Edge Server and Atlas Device Sync, organizations can use a pre-built, local-first data synchronization layer for applications running on kiosks or on mobile and IoT devices to prevent data loss and improve offline application experiences.
Easily secure edge applications for data privacy and compliance: MongoDB Atlas for the Edge helps organizations ensure their edge deployments are secure with built-in security capabilities.