ReadySet Raises $29M in Series A Funding

ReadySet, a San Francisco, CA-based database acceleration company, raised $29M in Series A funding.

The round was led by Index Ventures with participation from Amplify Partners, Guillermo Rauch, Spencer Kimball, Adam Gross, Jason Warner, and Yury Izrailevsky.

The company intends to use the funds to deliver its cloud product and continue to expand its team.

Co-founded by Alana Marzoev and Jon Gjengset, ReadySet provides a drop-in solution to the database performance problems that often arise when a company is in a phase of rapid growth, such as when dealing with large datasets, complicated queries, or high request volumes. To mitigate this problem today, developers must build in-house solutions based on custom query caching systems and read replica hierarchies. The resulting systems are complex, expensive, and prone to failures and outages.

At its core, ReadySet accelerates queries via a novel SQL caching engine that keeps cached state up-to-date automatically while supporting millions of reads per second with sub-millisecond latencies on a single node. ReadySet slots in front of existing relational databases and is wire-compatible with MySQL and Postgres so it can be integrated into existing applications without code changes.