bit.io Raises $7.5 Million in Seed Round  

by Kay Aloha Villamor in October 31st, 2022

bit.io, a San Francisco, CA-based fastest way to build and collaborate on Postgres databases, raised $7.5 million in a seed funding round led by Battery Ventures and GreatPoint Ventures, with participation from Neo and Combine.

Database industry leaders, including Battery Operating Partner and former MongoDB CEO Max Schireson, and GreatPoint Managing Partner and former Oracle President and COO Ray Lane, are joining the cap table with this investment.

bit.io Serverless Postgres launches publicly, the first truly serverless Postgres offering that, with a single click, can be spun up, shared with others, and edited instantly in a browser – no sign-up or provisioning required.

"Working with data is now a team sport, and that means it needs to be easier to spin up databases, easier to collaborate, and without all of the operational headaches of working with databases in production," said Adam Fletcher, co-founder, and CEO of bit.io. "This is why we're launching bit.io Serverless Postgres today. It's never been simpler to create a Postgres database, share it with others in a single click, and work in Postgres even from the comfort of your browser."

Since its private beta opened in 2021, bit.io has grown quickly, with more than 15,000 users and 30,000 Postgres databases on the platform. Developers like Ford, Visa, NHS, P&G, and Morgan Stanley use bit.io to produce OLTP workloads and build web applications, low-code/no-code backends, data analysis, and mobile applications.

Company: bit.io, Inc.

Raised: $7.5.0M

Round: Seed Round

Funding Month: October 2022

Lead Investors: Battery Ventures and GreatPoint Ventures

Additional Investors: Neo, Combine, Max Schireson, and Ray Lane

Company Website: https://bit.io/

Software Category: Serverless Postgres

About the Company: bit.io was created by Adam Fletcher, an engineering leader who previously ran teams in production networking and YouTube at Google, and Dr. Jonathan Mortensen, a veteran data scientist from Stanford who led data science at medical and cybersecurity companies. bit.io is the first and only platform that helps developers become immediately productive with any Postgres database, making uploading and sharing databases as easy as editing a Google Doc. bit.io software is a platform used to secure Postgres databases. Its Serverless Postgres automates all the work required to set up and manage a database, allowing better collaboration conditions. 

Source: https://www.businesswire.com/news/home/20221025006218/en/bit.io-Raises-7.5M-and-Launches-bit.io-Serverless-Postgres-to-Make-Collaborating-on-Postgres-as-User-Friendly-as-Google-Docs



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