🧑💻 Developer-First #156 - MongoDB’s 15% jump
Why infra stocks might be a better AI signal than model hype
Hello friend,
Last week, MongoDB’s stock soared 15% after beating expectations on every front:
$549M in Q1 revenue (+22% YoY)
$106M in free cash flow (+74%)
Highest net new customer adds in six years
Upgraded full-year guidance
But the real story isn’t just the numbers. It’s the narrative behind them: MongoDB is fast becoming the default backend for a new generation of AI applications, used by both hyper-growth startups and large enterprises modernising their stacks.
This jump is one of the strongest signals we’ve seen that AI adoption is moving beyond the lab and into real production at scale.
Everyone talks about models, but no AI app runs without a solid data stack. And MongoDB, with its flexible schema and developer-first DNA, is positioning itself as the go-to database for vector search, real-time apps, and AI-driven automation.
Or at least, that’s what they’re saying. After I shared this on LinkedIn (in French), the comment section exploded, with a wide range of takes:
Some praised MongoDB’s maturity and momentum in enterprise AI.
Others pushed back: “Too verbose,” “I prefer Postgres or Qdrant,” “Not open-source,” “Where’s the moat?”
And several pointed out the stock is still 60% off its peak despite solid fundamentals.
What this shows: MongoDB may not be every developer’s favourite tool anymore, but the enterprise market doesn’t care. It’s scaling. It’s sticky. It’s in production. And it’s cash-flow positive. What do you think?
Now, let's dive into last week's developer-first transactions.
💰 Market Summary - Week of June 2nd, 2025
9 companies raised $114 million across 6 product categories in 3 countries.
Europe-based companies attracted 13.3% of the total funding vs 86.7% for North America-based companies.
AI is the category that attracted the highest funding.
1 company provides or contributes to an open-source product.
1 company was acquired this week.
🧩 Funding by Product Category
🌎 Funding by Region
🏢 Funding By Company
Sema4.ai, from Atlanta 🇺🇸 raised $25 million in Series A funding led by Snowflake Ventures. Sema4.ai’s enterprise AI agents connect context to action, enabling seamless collaboration between people and AI. (more)
Ciroos, from Pleasanton 🇺🇸 raised $21 million in Seed funding led by Energy Impact Partners. Ciroos offers a multi-agentic AI SRE teammate that helps operations teams reduce toil and drive autonomous operations. (more)
Thread AI, from New York 🇺🇸 raised $20 million in Series A funding led by Greycroft. Thread AI helps enterprises build and manage AI-powered workflows with its composable infrastructure platform, Lemma. (more)
Impart Security, from San Francisco 🇺🇸 raised $12 million in Series A funding led by Madrona Venture Group. Impart enables teams to design and deploy AI-assisted security rules directly in production with confidence. (more)
Thunder Code, from Paris 🇫🇷 raised $9 million in Seed funding led by Silicon Badia. Thunder Code is building an AI agent that transforms manual software testing into automated success. (more)
Veris AI, from New York 🇺🇸 raised $8.5 million in Seed funding led by Decibel Partners. Veris provides a platform for training enterprise AI agents through high-fidelity simulations. (more)
Archil, from San Francisco 🇺🇸 raised $6.7 million in Seed funding led by Felicis Ventures. Archil cuts storage costs by transforming S3 buckets into high-performance, local file systems for AI and analytics workloads. (more)
Literal Labs, from Newcastle 🇬🇧 raised $6.2 million in Seed funding led by Mercuri. Literal Labs builds logic-based AI models that are significantly faster, more efficient, and more explainable than neural networks. (more)
Freeplay, from Boulder 🇺🇸 raised $5.6 million in Seed funding led by Renegade Partners. Freeplay helps teams build with LLMs using tools for prompt engineering, testing, and evaluation. (more)
🤝 Mergers & Acquisitions
Crunchy Data, from Charleston 🇺🇸 was acquired by Snowflake. Crunchy Data is the industry leader in enterprise PostgreSQL support and open source solutions, serving security-conscious organisations with a focus on eliminating proprietary software costs. (more)
⭐️ Trending GitHub Repositories
anthropics / prompt-eng-interactive-tutorial (✩ 4,546 stars this week) - Anthropic's Interactive Prompt Engineering Tutorial.
Fosowl / agenticSeek (✩ 3,349 stars this week) - Fully Local Manus AI. No APIs, No $200 monthly bills. Enjoy an autonomous agent that thinks, browses the web, and code for the sole cost of electricity.
donnemartin / system-design-primer (✩ 2,314 stars this week) - Learn how to design large-scale systems. Prep for the system design interview. Includes Anki flashcards.
👍 Trending Developer Tools on ProductHunt
Cursor 1.0 (👍 652) - Now with automated code review to catch and fix bugs in your PRs, memories to learn from your codebase, 1-click MCP installs, and Background Agent in GA. Plus, faster multi-location edits, richer chat interactions, new settings, and Jupyter notebook support.
DeskHog (👍 435) - It's a developer toy that brings developers joy. Open-source. 3D-printed. Palm-sized.
Mistral Code (👍 307) - Mistral Code is an enterprise AI coding assistant with powerful models (Codestral, Devstral) & IDE integration. Offers customization, on-prem deployment & full stack control.