pgEdge, Inc., a prominent player in the realm of distributed PostgreSQL, has successfully secured a million investment aimed at propelling its growth and enhancing its innovative distributed Postgres technology. This funding round is spearheaded by Rally Ventures, with notable contributions from existing investors Sands Capital Ventures and Grotech Ventures.
Investment and Leadership Changes
As the sole provider of a fully distributed PostgreSQL database that is both open-source and grounded in standard PostgreSQL, pgEdge is well-positioned in a market where PostgreSQL remains the top choice among developers, as highlighted in the 2024 Stack Overflow survey. The company’s distinctive multi-master (active-active) replication technology, which functions across various geographic regions, significantly mitigates latency and guarantees ultra-high availability for mission-critical applications.
In conjunction with this investment, pgEdge is pleased to announce the appointment of Ben Fried, the former Chief Information Officer of Google, to its Board of Directors. Fried’s extensive experience, garnered over a 14-year period at Google, includes overseeing the development and implementation of technologies that support Google’s expansive enterprise operations. His prior role at Morgan Stanley involved architecting the firm’s web technology platform and leading teams focused on software development infrastructure and business intelligence.
“pgEdge is at the forefront of innovation in distributed PostgreSQL, a technology that is increasingly critical for enterprises needing ultra-high availability and reduced latency across geographic regions,” remarked Ben Fried, now a Partner at Rally Ventures. “The company’s highly experienced leadership team, with a proven track record in scaling early-stage companies, combined with its industry-leading open distributed Postgres technology, made this a compelling addition to our portfolio.”
Phillip Merrick, co-founder and CEO of pgEdge, expressed his excitement regarding the collaboration with Rally Ventures and the addition of Fried to the board: “We are pleased to welcome Rally Ventures and Ben Fried to pgEdge. Their investment and expertise will be invaluable as we continue to scale our operations. pgEdge’s strong revenue growth and the onboarding of cutting-edge SaaS and enterprise customers such as the European Parliament, Jobot, Enquire.ai, Qube RT, and Kobold Metals underscore our momentum in the market.”
About Rally Ventures
Rally Ventures is dedicated to investing exclusively in early-stage business technology companies, focusing on entrepreneurs who are either creating new markets or transforming existing ones. Since its inception in 1997, Rally Ventures’ partners have a rich history of investing in or managing early-stage enterprise business-to-business technology companies, consistently delivering superior returns regardless of market conditions. More information can be found at rallyventures.com.
About pgEdge
pgEdge is committed to making it easier for developers to build and deploy highly distributed database applications across a global network. Founded by industry veterans with decades of experience in promoting enterprise usage of PostgreSQL, pgEdge is headquartered in Northern Virginia. The founders have previously established or led successful companies such as webMethods (NASDAQ: WEBM), EnterpriseDB (acquired by Bain Capital), SparkPost (acquired by MessageBird), OpenSCG (acquired by AWS), and Fugue (acquired by Snyk). pgEdge’s investors include Rally Ventures, Sands Capital Ventures, Grotech Ventures, and Sand Hill East. For further details, visit www.pgedge.com.
