SurrealDB Disrupts Database Industry with $20M Funding
June 19, 2024, 3:36 am
Open-source database startup SurrealDB Inc. has secured a $20 million funding investment to revolutionize the big data industry. Led by FirstMark and Georgian, with participation from Crew Capital and Alumni Ventures, the funding brings the total raised to $26 million. SurrealDB's multi-model database consolidates various database types into a single platform, eliminating the need for multiple systems. The cloud-based SurrealDB enables developers to adapt to various data requirements on the fly, making it one of the fastest-growing open-source database projects on GitHub. With the beta launch of SurrealDB Cloud, developers can build modern, real-time applications faster and more affordably. SurrealDB handles traditional documents, graph, transactional, time-series, temporal, and vector data, making it ideal for any application, including artificial intelligence software. By abstracting away infrastructure management headaches and focusing on security, SurrealDB empowers developers to innovate and create powerful applications. CEO Tobie Morgan Hitchcock's vision of software that enables developers to focus on building has driven SurrealDB's success. The support and enthusiasm from the community have been instrumental in SurrealDB's growth. The database industry has seen a shift towards rebundling and simplification, with SurrealDB emerging as a leader in offering versatility and performance. With a commitment to open-source development and innovation, SurrealDB aims to empower developers worldwide.