Multi-model database company SurrealDB announced it raised $20 million in funding, led by FirstMark and Georgian and with participation from Crew Capital and Alumni Ventures. This round brought SurrealDB’s total to $26 million.
Many enterprises utilize SurrealDB to consolidate their databases into one multi-model platform. And due to its flexibility and simplifying approach, software developers are adopting multi-model databases to quickly adapt to different data requirements and reduce the need for multiple database systems. With 25,000+ GitHub stars, SurrealDB is one of the fastest-growing open-source database projects.
Through SurrealDB, developers can build modern, real-time apps faster and more affordably. It minimizes the need for backend infrastructure management and complex API creation while offering flexibility across data models and cloud platforms.
SurrealDB emerged as the choice for organizations burdened by the cost of managing multiple databases. And on average, many organizations manage 3-4 databases, adding cost and complexity and significantly impacting developer productivity. Developers spend a lot of time on infrastructure management and learning new programming languages, leaving less time for application development.
SurrealDB can handle advanced security and access permissions and it includes indexing for AI workflows, machine learning inference, and model processing. And the database is built entirely on Rust, which is a renowned general-purpose programming language recognized for its exceptional performance in critical applications due to its strong emphasis on safety, speed and concurrency.
KEY QUOTES:
“Each industry goes through phases of bundling and unbundling. The database market has seen an explosion of many different types of specialized databases in the 2010s, resulting in ever-growing complexity for developers. The pendulum has now swung back to rebundling and simplification. SurrealDB is rapidly emerging as the leader in that trend, offering tremendous versatility and performance to developers, whether they want to build simple applications or engage in advanced AI work. I’m thrilled to double down in the Series A after leading the seed round.”
– Matt Turck, Partner at FirstMark
“SurrealDB’s novel multi-model database simplifies backend architecture and provides a powerful but user-friendly developer experience. Through our due diligence, including usage by Georgian’s internal AI Lab, we have observed SurrealDB’s ability to consolidate multiple databases, which can reduce cost and complexity while also providing simple and intuitive querying. The pace of development by the SurrealDB team has resulted in one of the fastest growing open source projects that we have seen and we’re very excited to partner with the company as it launches to an even broader audience.”
– Emily Walsh, Lead investor at Georgian
“As a developer myself, I passionately believe in creating software that enables all developers to focus on building the most innovative applications. With SurrealDB we’re not just enhancing productivity; we’re disrupting the database market. The support and enthusiasm from our community have been instrumental to our growth and success. We are committed to open-source development, and will continue to innovate and provide powerful, accessible tools that empower developers worldwide. We are honored to have FirstMark, Georgian, Crew Capital and Alumni Ventures support our vision. Their investment and support will help us scale faster and meet growing demand.”
– SurrealDB CEO and co-founder Tobie Morgan Hitchcock
