PlanetScale raises $50M Series C as its enterprise database service hits general availability
https://techcrunch.com/2021/11/16/planetscale-raises-50m-series-c-as-its-enterprise-database-service-hits-general-availability/
PlanetScale, the serverless database company founded by the co-creators of the Vitess opensource project that powers YouTube, today announced that it has raised a $50 million Series C funding round led by Kleiner Perkins. Existing investors a16z, SignalFire and Insight Partners also participated in this round, together with GitHub CEO and co-founder Tom Preston-Werner, Lattice CEO and founder Jack Altman and Instacart co-founder Max Mullen. With this, the company has now raised a total of $105 million, including a $30 million Series B it announced only five months ago.
In addition, the company also today announced that its hosted enterprise platform is now generally available. Even though its service was only available as a private beta since its launch in May 2021, the company’s customers already include the likes of YouTube, GitHub, New Relic, Slack, MyFitnessPal, Square and Affirm. “We have major websites — top 4,000 websites — that have already moved to PlanetScale and that are hosted on PlanetScale right now — in beta,” PlanetScale CEO Sam Lambert said. “You can’t keep people off it. The beta flag did nothing to deter them.”