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        MotherDuck, a serverless data analytics platform, raised USD 52.5 million in Series B funding led by Felicis with participation from a16z, Madrona, Amplify Partners, Altimeter, Redpoint, and Zero Prime. This round brings the company's total funding to USD 100 million and gives it a value of USD 400 million.
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      <p>
        The company plans to use the funding to expand its employee base to 45 members by the end of the year (specifically by adding its go-to-market and engineering teams). The company also announced that it would be adding a number of improvements to its platform including faster data import, improved notebook interface and database sharing, and optimized hybrid query planning.
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  <p>
    <a href="https://www.prnewswire.com/news-releases/motherduck-raises-52-5-million-series-b-funding-as-duckdb-adoption-soars-301932741.html">
      Press release
    </a>
  </p>
  <p>
    <a href="https://techcrunch.com/2023/09/20/database-startup-motherduck-lands-52-5m-to-grow-its-duckdb-based-platform/">
      Tech crunch
    </a>
  </p>
</div>


Serverless Computing

Serverless data analytics platform, MotherDuck, has secured $52.5 million in Series B funding led by Felicis, bringing its total funding to $100 million and valuing the company at $400 million. The funds will be used to grow the company's team, aiming to have 45 members by the end of the year, with a focus on expanding its go-to-market and engineering teams. MotherDuck also plans to make several improvements to its platform, including faster data import, an enhanced notebook interface, optimized hybrid query planning, and improved database sharing.

MotherDuckDB raises USD 52.5 million in Series B funding

DISRUPTOR_PRESENT

PROMINENT_CATEGORY

Pinecone, a serverless vector database provider, has partnered with Amazon Bedrock, a GenAI application building platform, to enhance the development and deployment of GenAI applications. The Pinecone vector database will be accessible on the AWS Marketplace, enabling users to store, search, and integrate company data with large language models (LLMs). This collaboration, known as "Retrieval Augmented Generation" (RAG), aims to provide accurate responses from search or GenAI applications to end users. Additionally, users can also customize and deploy suitable models using AWS services, like Amazon SageMaker.

Pinecone integrates with AWS to support GenAI development

Rockset, a search and analytics company, has raised $44 million in funding led by Icon Ventures. The funding, which includes $37 million in equity and $7 million in debt, brings Rockset's total funds raised to $105 million. The company plans to use the funding for research and development, geographic expansion, and sales and marketing. Rockset has experienced significant growth in the past two years, with tripled revenue and a doubled customer base of over 250 organizations.

All Updates

MotherDuckDB raises USD 52.5 million in Series B funding

Pinecone integrates with AWS to support GenAI development

Rockset raises USD 44 Million in funding

Fauna launches query language for its serverless database

Neon raises USD 46 million in Series B funding

Inngest raises USD 3 million in new funding

Netlify acquires Stackbit for undisclosed amount

Vercel partners with Neon to launch new serverless database solution

Pinecone raises USD 100 million in Series B funding

Microsoft announces serverless features for its Azure SQL database