Nile, a San Francisco, CA-based startup that aim to streamline and centralize database management for SaaS companies, raised $11.6 million in seed funding.
SaaS Investors
The round was led by Eric Vishria, a general partner at Benchmark, a venture capital firm based in Silicon Valley.
About Nile
Founded by Sriram Subramanian and Gwen Shapira, Nile is a serverless Postgres database designed for modern SaaS applications. Nile's solution includes built-in support for multi-tenancy as its core primitives, addressing the challenges faced by SaaS companies in handling multi-tenant data. The platform allows developers to define which database the application needs to speak to, and Nile provides isolation at the session and connection levels.
Funding Details
Company: Nile Platform, Inc.
Raised: $11.6M
Round: Seed Round
Funding Month: January 2024
Lead Investors: Eric Vishria
Additional Investors:
Company Website: https://www.thenile.dev/
Software Category: Database
Source: https://techcrunch.com/2024/01/30/nile-raises-11-6m-in-seed-funding-to-build-a-postgres-powered-data-layer-for-saas-applications/