Ittycheria has also overseen MongoDB's transition from a self-deployed model to a SaaS model with the launch of Atlas in 2016, which now represents nearly 70% of the company's revenue. In 2022, MongoDB launched its own investment fund, MongoDB Ventures, which has so far invested in eight companies. Despite the hype around AI, Ittycheria believes the real value will come when people build applications on top of the technology.
Key takeaways:
- Dev Ittycheria, the CEO of MongoDB, has led the company through significant growth and changes, including a move to the cloud, an IPO, a transition from open source, and the launch of a venture capital arm.
- MongoDB has introduced vector search to its flagship database-as-a-service product Atlas, preparing for the rise of AI and the need for databases to handle unstructured data types.
- Under Ittycheria's leadership, MongoDB transitioned from a self-deployed model to a SaaS model with the launch of Atlas in 2016, which now represents nearly 70% of MongoDB’s revenue.
- MongoDB launched its own investment fund, MongoDB Ventures, in 2022 to build deeper relationships within the tech ecosystem and invest in promising startups.