PeerDB, a PostgreSQL data mobility platform, has raised $3.6 million in its seed round. The money will be used by PeerDB to expand its technical staff, drive its marketing and customer acquisition strategies, and foster business expansion. Revenue from PeerDB would double every two months.
Lead investor 8VC, Y Combinator, Wayfinder Ventures, Webb Investment Network, Flex Capital, Rogue Capital, Pioneer Fund, Orange Collective, and a number of angel investors are among the investors in the investment round.
“Because they are not designed for Postgres, current data transfer and ETL solutions often collapse at scale because of their unreliability, extremely lengthy sync times, and lack of native functionality. It’s time for someone to take proper care of the most widely used open source database in the world. We are grateful to all of our investors and clients for their support and belief in our mission.”
“We at PeerDB are working to eliminate inefficiencies related to the transfer of Postgres data,” said Kaushik Iska, co-founder and CTO of PeerDB. “Our approach differs from traditional methods that falter at scale and rely on resyncs. Instead, we’re focused on building a system specifically for Postgres at terabyte scale, with fundamental optimizations like parallel snapshotting and handling the nuances around replication slots that are absent in the current ETL tools. In addition to providing data transfer services, our team of Postgres specialists becomes a valuable asset to client teams by giving guidance on query optimization and database tuning. We’re dedicated to making sure Postgres data migration stays scalable and efficient as we prepare for the flood of data brought on by the age of LLMs.”
Postgres’s Rapid Growth Trajectory
According to PeerDB, ETL (extract, transform, and load) and data movement solutions now in use are not optimized for Postgres and would rather focus on connection breadth than connector quality in the present data and AI ecosystem. PeerDB reports that users could have feature constraints such not being able to configure and not supporting native data types, as well as excruciatingly sluggish syncs – syncing hundreds of terabytes of data might take days. Reliability is typified by frequent crashes and loss of data accuracy.
The emergence and financing of PeerDB would be timely given the current emphasis on hyperscale data analytics and artificial intelligence (AI), which frequently necessitate the transfer of large datasets from primary database systems like Postgres to data warehouses for AI-based analytics that support insights and guide business choices.
PeerDB claims that its differentiation comes from designing its system exclusively for Postgres and emphasizing quality over connection breadth. PeerDB says that it can do this at one-fifth of the cost and with ten times quicker data transmission.
“We are confident in Postgres’s exponential growth trajectory, which is why 8VC is investing in PeerDB,” said Bhaskar Ghosh, partner at 8VC. “With their profound knowledge of Postgres, Sai and Kaushik’s team stands out in the industry. With regard to data transfer and ETL, we think that a strong story will be crucial to Postgres’ success and broad uptake.”
