SurrealDB a multi-model database platform based in London, has secured a significant over €18.6 million investment in its latest funding round. The round was led by prominent venture capital firms FirstMark and Georgian, with additional participation from Crew Capital and Alumni Ventures. This brings the total funding for SurrealDB to more than €24 million.
SurrealDB has rapidly become a favourite among developers for its ability to consolidate multiple databases into a single, flexible platform. Its unique multi-model approach simplifies data management, allowing software developers to adapt swiftly to different data requirements and eliminate the need for multiple database systems. The company’s commitment to innovation and developer-friendly solutions is reflected in its growing popularity, marked by over 25,000 GitHub stars.
As part of its expansion, SurrealDB announced the beta launch of Surreal Cloud, providing developers with an opportunity to explore and utilize its advanced features. The beta access can be obtained through their official signup page. Surreal Cloud aims to further streamline backend infrastructure management, making it easier and more cost-effective to build modern, real-time applications.
Many organizations struggle with the complexity and cost of managing multiple databases, often dealing with 3-4 different systems. SurrealDB offers a solution by consolidating these into one platform, reducing overhead and enhancing developer productivity. By minimizing the need for extensive infrastructure management and complex API creation, SurrealDB enables developers to focus on innovation and application development.
SurrealDB is built entirely on Rust, a programming language known for its exceptional performance, safety, and concurrency. This foundation ensures that SurrealDB can handle advanced security and access permissions, indexing for AI workflows, machine learning inference, and model processing, making it a powerful tool for a wide range of applications.
“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”, said Matt Turck, Partner at FirstMark. “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.”
Emily Walsh, Lead investor at Georgian said: “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.”
”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,” said SurrealDB CEO and co-founder Tobie Morgan Hitchcock. “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”.
Read the orginal article: https://www.eu-startups.com/2024/06/london-based-surrealdb-secures-over-e18-6-million-aiming-to-disrupt-database-technology/
