PlanetScale, a San Francisco, CA-based creator of a database platform, secured $30m in Series B funding.
The round was led by Insight Partners with participation from a16z and SignalFire. In conjunction with the funding, Nikhil Sachdev, Managing Director at Insight Partners, joined the PlanetScale board, with Praveen Akkiraju, also Managing Director, being named a board observer.
The company intends to use the funds to scale the team globally and to accelerate exposure and adoption of its platfrom.
Led by Jiten Vaidya, founder and CEO, PlanetScale provides a platform, which lets developers create a new database in seconds, which will grow as they grow, with no limitations on scalability. Currently in use by Figma and Community.com, the company had until recently provided a hosted version of Vitess, the open source database that underlies YouTube, Slack, Square and Airbnb. A new offering announced May 18 provides a developer-first database requiring no knowledge or selection of all the usual cloud zones, cluster sizes, and other DB-centric details that others require and that increase developer overhead.
PlanetScale’s backend technology runs on tens of thousands of servers at scale and is now being adopted by hyperscalers including Slack, GitHub, and Square. Its capabilities include branching, which enables users to develop branches as they would in Git prior to connecting with production databases; non-blocking schema changes, which make database migrations easy, and extensive CLI capabilities not found in other database platforms.
FinSMEs
28/06/2021