Directus, a Brooklyn, New York-based open-source software company focused on democratizing data across the enterprise, announced that it raised $7 million in Series A financing, bringing its total raised to $8.5 million to date.
True Ventures led the round, with participation from seed investor Handshake Ventures.
This funding will allow Directus to build the industry's first open data platform, which instantly adds an API and no-code app to any SQL database.
The funding comes during a time of monumental, global growth for the company. Directus grew in the past year from just two team members to over twenty today with hundreds of contributors.
"We have embraced a 'hub and spoke' approach within the data landscape that positions Directus as a single point of access and automation to better support companies adopting modern microservice architectures," said Ben Haynes, co-founder, and CEO of Directus. "Our truly agnostic platform seamlessly fits into the data and technology stack of any organization, whether it's an international airline working to improve airport check-ins with innovative digital kiosks or a global fitness brand looking to streamline online class scheduling around the world. This funding will enable us to continue delivering high-quality software, expand our cloud service offering, and provide essential resources to the community of users that have entrusted us with their projects."
The company offers a fully open-source, extensible platform that enables developers and business users alike to maximize the value of their organization's data. By empowering anyone within a company to browse, manage and visualize all business data, Directus helps reduce development time for data-driven projects by 40 to 60 percent.
The platform now has over 20 million downloads and more than 18,000 GitHub stars, with a community of over 50 thousand developers and enterprise customers spanning nearly every industry, including financial services, consumer technology, travel, digital agencies, government, and more.
Company: Monospace, Inc.
Round: Series A
Funding Month: November 2022
Lead Investors: True Ventures
Additional Investors: Handshake Ventures
Company Website: https://directus.io/
Software Category: Open-Source Headless CMS Software
About the Company: Founded in 2020, Directus is an Open Data Platform purpose-built for democratizing the world's data. It offers the first open data platform, which combines a powerful back-end-as-a-service data engine for developers with a no-code data studio for non-technical users. The first-of-its-kind platform goes beyond backend-as-a-service and headless CMS capabilities, with use cases ranging from SaaS to IoT, websites and digital experiences, apps, and games, AR/VR, internal tools, business intelligence, and countless other possibilities. Forward-looking organizations, including Adobe, AT&T, Bose, Tripadvisor, and the U.S. Navy, use Directus to power a limitless array of digital experiences. It is based in Brooklyn, New York.