PeerDB, PostgreSQL’s leading data movement platform, raised $3.6 million in seed round funding from 8VC, Y Combinator, Wayfinder Ventures, Webb Investment Network, Flex Capital, Rogue Capital, Pioneer Fund, Orange Collective and several angel investors.
PeerDB will use the funds to continue building its engineering team, propelling its go-to-market and client acquisition initiatives and supporting its growth. PeerDB revenue is doubling every two months.
“Postgres is becoming the database of the world and the de facto primary database for both enterprises and SMBs. Existing data movement and ETL tools are not built for Postgres – they often fail at scale due to painfully slow syncs, lack of reliability and lack of native features. The time has come for someone to give enough care to the world’s most adopted open source database. Thanks to all our investors and customers for believing in us and sharing our vision,” said PeerDB CEO and co-founder Sai Krishna Srirampur.
“At PeerDB, we’re tackling inefficiencies surrounding Postgres data movement. With fundamental optimizations like parallel snapshotting and handling the nuances around replication slots that are absent in the existing ETL tools, we’re focused on building a system specialized for Postgres at terabyte scale – our approach diverges from traditional methods that falter at scale and resort to resyncs. Our team of Postgres experts not only provides data movement services but also becomes an essential part of client teams, offering advice on database tuning and query optimization. As we brace for the influx of data driven by the era of LLMs, we’re committed to ensuring Postgres data movement remains efficient and scalable,” said PeerDB CTO and co-founder Kaushik Iska.
“8VC’s investment in PeerDB is driven by our conviction in the exponential growth trajectory of Postgres. We see an exceptional team in Sai and Kaushik, whose deep expertise in Postgres positions them uniquely in the marketplace. We believe that a solid narrative around data movement and ETL will play a pivotal role in the success and widespread adoption of Postgres,” said Bhaskar Ghosh, partner at 8VC.
