bit.io Raises $7.5M in Seed Funding

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bit.io

bit.io, a San Francisco, CA-based provider of a platform that helps developers become productive with any Postgres database, raised $7.5M in Seed funding.

The round was led by Battery Ventures and GreatPoint Ventures, with participation from Neo, Combine, Battery Operating Partner, Max Schireson, and Ray Lane.

The company intends to use the funds to accelerate growth and expand operations.

Created by Adam Fletcher, an engineering leader who previously ran teams in production networking and YouTube at Google, and Dr. Jonathan Mortensen, a veteran data scientist from Stanford who led data science at medical and cybersecurity companies, bit.io provides a platform that helps developers become productive with any Postgres database, making uploading and sharing databases as easy as editing a Google Doc.

Bit.io Serverless Postgres features include:

  • One-Click Postgres: Users can single-click to get an empty database, or simply or drag and drop a sqlite, XLS, CSV, or JSON file to get a populated, typed, Postgres database.
  • Serverless: Avoid administration, IAM, firewall rules, or complicated pricing models with hidden fees.
  • One-Click Sharing: Users can add collaborators, make databases public, or share a link to their private repository with specific access levels.
  • Web-Based SQL Editor: Use a secure browser to edit and collaborate on a database with the full feature set of bit.io and Postgres.
  • Free Tier: Create up to three free databases with 3GB of storage and query 1 billion rows with data access via any Postgres compatible tool, UI, or API.
  • Hundreds of Integrations: If it supports Postgres, it supports bit.io – including all major programming languages, notebooking tools, BI tools such as Tableau and PowerBI, and ETL tools such as Airbyte, Airflow, and Dagster.

Since its private beta opened in 2021, the company has grown quickly with more than 15,000 users and 30,000 Postgres databases on the platform. Developers at companies like Ford, Visa, NHS, P&G, and Morgan Stanley use bit.io for production OLTP workloads, building web applications, low-code/no-code backends, data analysis, and mobile applications.

FinSMEs

26/10/2022