pgEdge, an industry leader in distributed PostgreSQL solutions, announced that it has secured strategic investments from Akamai Technologies, the cybersecurity and cloud computing company that powers and protects businesses online, and leading investment management firm Qube Research & Technologies (QRT). Existing investors Rally Ventures and Sands Capital also participated in the funding.
These investments bring pgEdge’s total seed stage funding to $23 million, further advancing its growth and innovation in distributed PostgreSQL solutions to deliver high availability and low latency for mission-critical applications.
pgEdge is the only fully distributed PostgreSQL database open (source available) and entirely based on standard PostgreSQL. And pgEdge’s multi-master (active-active) replication technology, designed to operate across geographic regions and multi-cloud environments, delivers high availability and significantly reduced data latency for edge computing and edge AI applications.
KEY QUOTES:
“pgEdge’s capability to provide geo-distributed PostgreSQL databases at or near the network edge for low data latency and high availability is highly complementary with how Akamai enables organizations to deploy stateful applications at the network edge on its distributed cloud.”
- Michael Merideth, Chief Architect, Office of the CTO, Akamai
“QRT was an early customer of pgEdge and we are excited to further cement our relationship with this investment.”
- Nick Harris, CTO of QRT
“These investments are a terrific validation of the value of pgEdge Distributed PostgreSQL. We are delighted to see QRT strengthen their partnership with us, and equally excited to collaborate with Akamai on advanced solutions in edge computing and edge AI.”
- Phillip Merrick, Co-Founder and CEO of pgEdge
