pgEdge (see Pulse 2.0 profile here), a leading company dedicated to distributed PostgreSQL, announced today 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. PostgreSQL is usually the number one database choice among developers. And pgEdge’s unique multi-master (active-active) replication technology, which could operate across geographic regions, significantly reduces latency and ensures ultra-high availability for mission-critical applications.
Along with the investment round, pgEdge is announcing the joining of Ben Fried, former Chief Information Office (CIO) of Google, to pgEdge’s Board of Directors. And Fried brings a wealth of experience from his 14-year tenure at Google, where he oversaw creating and deploying technologies that power Google’s global enterprise operations. Before 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.
KEY QUOTES:
“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. 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.”
- Ben Fried, Partner at Rally Ventures
“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.”
- Phillip Merrick, co-founder and CEO of pgEdge
