PlanetScale is a serverless database firm that the co-founders of Vitess, an open-source project, established. This firm powers the most popular video platform, YouTube. Recently, it announced that it successfully raised approximately 50 million dollars from the series C funding round Kleiner Perkins mainly ran. Along with the former CEO and co-founder of GitHub, Jack Altman, the CEO and co-founder of Lattice, and Max Mullen, the co-founder of Instacart, existing investors SignalFire, a16z, and Insight Partners, also took part in the round. This brings the company’s total funding to one hundred five million dollars, including a thirty million Series B that was announced 5 months ago. 50m kleiner perkinswilhelmtechcrunch.
The business also said it had hosted an enterprise forum that is currently broadly accessible. Even though the company’s service has only been accessible in private beta since May 2021, it already counts companies like GitHub, YouTube, New Relic, Slack, Square, MyFitnessPal, and Affirm among its clients. After serving for 7 months as PlanetScale’s chief officer, Lambert, formerly GitHub’s vice president of engineering, was named CEO in July. He took over from the co-founder, who assumed the position of chief strategy officer and is still a member of the company’s board. 50m series perkinswilhelmtechcrunch.
Although it was increasing in less difficult sectors and just a few individuals were building databases specifically for the current serverless world, serverless is expanding as a market segment. The executives successfully moved the database, which served as the back end for YouTube.com, the 2nd-largest site on the planet, into the serverless environment.