PlanetScale, a serverless database management platform, has raised USD 50 million in Series C funding, led by Kleiner Perkins with participation from a16z, SignalFire, Insight Partners, Tom Preston Werner, Jack Altman, and Max Mellen. The funding comes just five months after PlanetScale raised USD 30 million in Series B funding and brings its total funds raised up to USD 105 million.
The funds will be invested in accelerating R&D and expanding its go-to-market activities across the globe.
The company also announced the general availability of its platform along with the funding after launching in private beta in May 2021. It further noted that its employee base had tripled over the past six months and that its customers already include several large enterprises such as YouTube, GitHub, Slack, Square, and Affirm.
PlanetScale, founded by co-creators of the Vitess open source project Jiten Vaidya and Sugu Sougoumarane, offers a serverless database infrastructure management platform. The company aims to reduce database fragility, development time-to-market, and downtime by offering database imports (to move existing MySQL databases) and branching, sharding, and non-blocking schema changes. The platform is built on top of renowned open-source databases Vitess and MySQL.
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