Planetscale Announces $30M Series B Funding To Accelerate Adoption Of Instantly Provisioned And Infinitely Scalable Database

Jun 23, 2021•about 4 years ago

Amount Raised

$30 Million

Round Type

series b

San Francisco

Description

PlanetScale, the creator of Vitess, today announced that it has secured $30 million in Series B funding led by Insight Partners with participation from a16z and SignalFire. Nikhil Sachdev, Managing Director at Insight Partners, joins the PlanetScale board, with Praveen Akkiraju, also Managing Director, being named a board observer. The new funds will be used to scale the PlanetScale team globally and to accelerate exposure and adoption of the platform, which lets developers create a new database in seconds that will grow as they grow, for years, with no limitations on scalability.

Company Information

Company

Planet Scale

Location

San Francisco, California, United States

About

PlanetScale is modernizing the database industry. Its database platform offers a true serverless experience. With out-of-the box, highly available and disaster resilient databases, the PlanetScale platform takes the headache out of database management. Database branching and non-blocking schema changes workflows increase developer velocity while reducing database fragility and ensuring production databases are never impacted. PlanetScale is built on battle-tested Vitess, a graduated CNCF open source project used by GitHub, HubSpot, Slack and Square to serve millions of queries per second. PlanetScale reduces time-to-market for new applications and eliminates the cost and effort of managing database infrastructure. PlanetScale is venture-backed (a16z, SignalFire and Insight) and headquartered in Mountain View, CA. To learn more, visit planetscale.com or find PlanetScale on Twitter @planetscaledata.

Funding Insights

Based on industry data

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