Cockroach Labs, a company that provides next-generation open source databases, has recently raised significant capital at a $5 billion valuation. Founded by a team of software engineers who were frustrated with the lack of sophisticated database technology in the open source ecosystem, Cockroach Labs aims to build operational databases that are resilient to cloud outages and can accommodate massive growth in data intensity from globally dispersed customers. The company's latest product, CockroachDB Serverless, is a truly serverless relational database designed to scale globally with costs that exactly match usage. This funding round will allow the company to accelerate its investment in R&D and continue innovating towards its vision of enabling every developer who can build an application to also launch that application themselves using a truly "serverless" technology stack.