• Xata, a provider of serverless database solutions, raised USD 30 million in Series A funding led by Redpoint Ventures and Index Ventures, reportedly valued at  USD 150 million–200 million. This round comes less than six months after its seed round, bringing the company’s total funding to USD 35 million. 

• Xata plans to use the funding to publicly launch its platform through a freemium subscription-based model

• The company began onboarding beta users in mid-February, with the first batch of testers being nonprofits such as Tupu.io and startups that haven’t yet built out their own developer databases. Additionally, it noted that around 1,200 others are signed up for the waitlist.

<ul><li> Analyst QuickTake : Serverless database platforms have attracted funding in the recent past, with Planetscale raising USD 50 million in Series C funding last November. Although Xata has comparatively less funding than Planetscale (which has raised over USD 105 million in total), it aims to differentiate itself by offering a low-code platform that lets users interact with the database through their browsers.</ul>