Key Takeaways:
– Virginia-based start-up pgEdge recently secured $10 million in new funding to expand operations and further develop its Postgres technology.
– The fully distributed PostgreSQL database technology offers a unique solution for businesses needing high availability and low latency across geographically dispersed regions.
– Co-founded in 2022 by Phillip Merrick and Denis Lussier, pgEdge plans to provide a distributed platform for apps that require fast response times, constant availability and global access.
– The funding round was spearheaded by Rally Ventures, with added contributions from other existing investors such as Sands Capital Ventures and Grotech Ventures.
– Along with the new funding, the company has declared the appointment of Ben Fried, former CIO of Google and MD of Morgan Stanley, to its Board of Directors.
pgEdge, an emerging force in the realm of distributed database solutions based on PostgreSQL, recently announced that it received $10 million in new funding. This capital investment, led by Rally Ventures and accompanied by additional support from Sands Capital Ventures and Grotech Ventures, signals good faith among investors in the Virginia-based firm’s long-term prospects.
A Sought-After Solution
According to pgEdge, the company offers the one and only PostgreSQL database that is not only open-source but also fully distributed and entirely based on standard PostgreSQL. This unique position allows it to present a distinctive solution to enterprises who need ultra-high availability and reduced latency as they span wide geographical areas.
Growing Popularity of postgreSQL
The 2024 Stack Overflow survey suggests that PostgreSQL continues to hold the number one spot amongst developers. The popularity of this open-source relational database management system is driven by its dependability, scalability as well as its capacity to handle complex queries and operations.
New Horizons for postgreSQL
pgEdge enhances PostgreSQL’s utility by integrating multi-master (active-active) replication technology. This model of decentralizing data allows for its distribution and optimization on the network’s edge. This is a dramatic departure from traditional databases which essentially remain centralized.
The Unique Vision of pgEdge
pgEdge was born in 2022 out of a visionary mission by founders Phillip Merrick and Denis Lussier. Having noticed the challenge of centralizing databases at a time when other software components were increasingly becoming distributed, Merrick and Lussier aimed at the creation of an open-source, Postgres-based distributed platform. Modern applications could, therefore, benefit from rapid response times, ongoing availability, and extensive reach.
With both founders possessing extensive experience within the start-up ecosystem, such as Lussier’s founding of OpenSCG and Merrick’s co-founding of Enterprise DB, pgEdge has a wealth of experience to draw from.
Prominent New Addition to pgEdge Team
The news of new funding also coincides with the announcement that former CIO of Google and MD of Morgan Stanley, Ben Fried, will join the company’s Board of Directors. Having recently taken on a full-time role as a Partner at Rally Ventures, Fried’s experience in managing development and implementation of technologies on a global enterprise scale makes him enhance the company’s strategic direction.
Moving Forward
With strong investor confidence and an experienced leadership team, the future looks bright for pgEdge. Large SaaS customers and a healthy revenue cycle reflect the company’s growing momentum in the market. As funding continues to flow into the distributed database and edge computing market, pgEdge could potentially seize a significant portion of this industry.
As firms like pgEdge, Cockroach Labs, and MongoDB contest for market dominance, it is evident that distributed database solutions are swiftly evolving. Investors and industry watchers will be keeping an eye out for the winner in this high stakes race.
