pgEdge, Inc. Secures $10 Million Investment to Propel Growth and Innovation in Distributed PostgreSQL for High Availability and Low Latency

Rhea-AI Summary

pgEdge, Inc., a leader in distributed PostgreSQL, has secured a $10 million investment led by Rally Ventures, with contributions from Sands Capital Ventures and Grotech Ventures. This funding will accelerate pgEdge's growth and advance its distributed Postgres technology. The company offers the only fully distributed PostgreSQL database that is both open-source and based on standard PostgreSQL.

Notably, Ben Fried, former Chief Information Officer of Google, has joined pgEdge's Board of Directors. Fried brings extensive experience from his 14-year tenure at Google and previous role at Morgan Stanley. pgEdge's multi-master replication technology, operating across geographic regions, significantly reduces latency and ensures ultra-high availability for critical applications.

Positive

• Secured $10 million investment to accelerate growth and technology development
• Former Google CIO Ben Fried joined the Board of Directors
• Strong revenue growth reported
• Onboarded high-profile customers including European Parliament and Jobot

Negative

• None.

Insights

Financial Analyst

pgEdge's $10 million investment round, led by Rally Ventures, signals strong investor confidence in the distributed PostgreSQL market. This capital injection will likely accelerate pgEdge's R&D efforts and market expansion, potentially strengthening its competitive position. The company's focus on multi-master replication technology addresses critical needs for reduced latency and high availability in mission-critical applications, which could drive adoption among enterprises with global operations.

The addition of Ben Fried, former Google CIO, to the board brings valuable expertise in scaling technology operations. This could enhance pgEdge's strategic decision-making and potentially open doors to high-profile enterprise clients. The company's reported strong revenue growth and impressive client roster, including the European Parliament, suggest a solid market fit and potential for continued expansion in the competitive database market.

Tech Expert

pgEdge's distributed PostgreSQL technology addresses a critical need in the database market. Their multi-master replication across geographic regions is a game-changer for applications requiring ultra-low latency and high availability. This approach differs from traditional master-slave setups, allowing for active-active configurations that can significantly improve performance and reliability.

The fact that pgEdge is built on standard PostgreSQL, the top choice among developers according to the Stack Overflow survey, gives it a strong foundation. This compatibility ensures a large pool of skilled developers and easier integration with existing PostgreSQL ecosystems. However, implementing distributed systems comes with challenges like data consistency and conflict resolution, which pgEdge will need to address robustly to maintain its market position.

Market Research Analyst

The $10 million investment in pgEdge reflects the growing demand for distributed database solutions in an increasingly globalized digital economy. With PostgreSQL's popularity among developers and the rising need for geographically distributed data management, pgEdge is well-positioned to capitalize on this trend. The company's focus on open-source technology aligns with the preferences of many enterprises seeking flexibility and community-driven innovation.

pgEdge's client list, spanning diverse sectors from government (European Parliament) to AI-driven recruitment (Jobot) and geoscience (Kobold Metals), indicates broad market appeal. This diversity could provide resilience against sector-specific downturns. However, the distributed database market is competitive, with giants like Google and Amazon offering their solutions. pgEdge will need to leverage its PostgreSQL specialization and open-source approach to maintain its growth trajectory.

Rally Ventures Leads Investment Round; Former Google CIO Ben Fried Joins pgEdge Board of Directors

ALEXANDRIA, Va., Aug. 27, 2024 /PRNewswire/ -- pgEdge, Inc., the leading company dedicated to distributed PostgreSQL, today announced a $10 million investment to accelerate its growth and further its distributed Postgres technology. The investment round is led by Rally Ventures, with additional contributions from existing investors Sands Capital Ventures and Grotech Ventures.

pgEdge remains the only fully distributed PostgreSQL database that is both open-source and entirely based on standard PostgreSQL. According to a 2024 Stack Overflow survey, PostgreSQL continues to be the number one database choice among developers. pgEdge's unique multi-master (active-active) replication technology, which can operate across geographic regions, significantly reduces latency and ensures ultra-high availability for mission-critical applications.

In addition to the investment round, pgEdge is announcing the joining of Ben Fried, former Chief Information Office (CIO) of Google, to pgEdge's Board of Directors. Fried brings a wealth of experience from his 14-year tenure at Google, where he oversaw the creation and deployment of technologies that power Google's global enterprise operations. Prior to his role at Google, Fried spent over a decade at Morgan Stanley, where he was the architect of the firm's web technology platform and led teams responsible for software development infrastructure and business intelligence.

"pgEdge is at the forefront of innovation in distributed PostgreSQL, a technology that is increasingly critical for enterprises needing ultra-high availability and reduced latency across geographic regions," said Ben Fried, Partner at Rally Ventures. "The company's highly experienced leadership team, with a proven track record in scaling early-stage companies, coupled with the company's industry leading and open distributed Postgres technology, made this a compelling addition to our portfolio."

Phillip Merrick, co-founder and CEO of pgEdge, expressed his enthusiasm for the partnership with Rally Ventures and the addition of Fried to the board: "We are pleased to welcome Rally Ventures and Ben Fried to pgEdge. Their investment and expertise will be invaluable as we continue to scale our operations. pgEdge's strong revenue growth and the onboarding of cutting-edge SaaS and enterprise customers such as the European Parliament, Jobot, Enquire.ai, Qube RT and Kobold Metals underscore our momentum in the market."

About Rally Ventures

Rally Ventures invests exclusively in early-stage business technology companies, focusing on entrepreneurs creating major new markets or bringing transformative approaches to existing ones. Since 1997, Rally Ventures' partners and venture capital industry veterans have invested in or run early-stage enterprise business-to-business technology companies with a proven ability to deliver superior returns regardless of the overall market environment. For more information visit rallyventures.com.

About pgEdge

pgEdge, the leading company dedicated to distributed Postgres, has made its mission to make it easy for developers to build and deploy highly distributed database applications across the global network. Founded by industry veterans who have championed enterprise usage of the PostgreSQL database for several decades and helped run the world's largest managed database cloud services, pgEdge is headquartered in Northern Virginia. The founders have previously founded and/or led successful companies such as webMethods (NASDAQ: WEBM), EnterpriseDB (acquired by Bain Capital), SparkPost (acquired by MessageBird), OpenSCG (acquired by AWS) and Fugue (acquired by Snyk). pgEdge investors include Rally Ventures, Sands Capital Ventures, Grotech Ventures and Sand Hill East. For more information visit www.pgedge.com.

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SOURCE pgEdge

FAQ

How much funding did pgEdge raise in its latest investment round?

pgEdge raised $10 million in its latest investment round led by Rally Ventures, with additional contributions from existing investors Sands Capital Ventures and Grotech Ventures.

Who joined pgEdge's Board of Directors?

Ben Fried, former Chief Information Officer (CIO) of Google, joined pgEdge's Board of Directors.

What is unique about pgEdge's PostgreSQL database?

pgEdge offers the only fully distributed PostgreSQL database that is both open-source and entirely based on standard PostgreSQL. It features multi-master replication technology that can operate across geographic regions, reducing latency and ensuring ultra-high availability.

Who are some of pgEdge's notable customers?

pgEdge has onboarded cutting-edge SaaS and enterprise customers such as the European Parliament, Jobot, Enquire.ai, Qube RT, and Kobold Metals.