We are thrilled to share that finance and strategy veteran Lorenzo Montesi has joined Cockroach Labs as our Chief Financial Officer. Lorenzo could not have joined our team at a better time, as we continue our rapid growth in the cloud data market. With our $160 million fundraise at a valuation of $2 billion earlier this year, adoption of our evolutionary database CockroachDB is exploding. Lorenzo will drive our financial planning, analysis, and operations, working closely with our leadership team to scale Cockroach Labs globally during this significant growth phase.

We are proud to announce a new round of funding at a milestone valuation, which recognizes our company’s rapid growth, happy customers, and our emerging role as a leading cloud-native SQL database. The events of 2020 delivered more change in the past few months for businesses than many of us have experienced in the last 10 years. The impact of stay-at-home orders forced organizations to rapidly adapt to changing consumer behaviors, remote workforces, and explosive growth of digital services. As companies rushed to evolve their businesses and adapt their applications to support the rapid shift to digital-everything, many discovered that they needed more resilient, more easily scalable, and more flexible data infrastructure.