Edgedb Raises $15M Series A Round To Bring Its Modernized Relational Database For Cutting-Edge Apps To The Cloud
Nov 07, 2022•about 3 years ago
Amount Raised
$15 Million
Round Type
series a
Description
EdgeDB, a developer of the first open source, graph-relational database, today announced a $15M Series A investment led by Nava Ventures and Accel, with participation by industry heavyweights from Vercel, Firebase, GitHub, IBM, OpenAI, ICONIQ Capital, and Netlify. Launched in 2019, EdgeDB is reimagining relational databases with a focus on the developer experience. The company has seen rapid adoption of its database with 20,000+ monthly active users and 9.5 thousand stars on GitHub. The latest funding will be used to fuel development of EdgeDB Cloud and expand EdgeDB's development team
Funding Insights
Based on industry dataTech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech