ReadySet, a San Francisco, CA-based database acceleration company that helps developers build performant and real-time applications, raised $24 million in Series A funding, bringing ReadySet’s total raised to $28.9 million.
The round was led by Index Ventures, with participation from Amplify Partners, and several angel investors also contributed.
With the funding, ReadySet will deliver the first version of its cloud product and continue to expand its team.
Company: ReadySet Technology Inc.
Raised: $24.0M
Round: Series A
Funding Month: April 2022
Lead Investors: Index Ventures
Additional Investors: Amplify Partners
Company Website: https://readyset.io/
Software Category: SQL caching engine
About the Company: Co-founded by Alana Marzoev and Jon Gjengset, ReadySet is a database acceleration company that helps developers build performant and real-time applications. ReadySet is building a SQL caching engine that sits in front of existing databases and dramatically improves database performance by accelerating reads. ReadySet is wire-compatible with MySQL and Postgres and can be used with existing applications without code changes. It is a simpler and more cost-effective alternative to homegrown caching layers and read replica hierarchies. ReadySet is a remote-first company that hires in all US states and is open to hiring in other regions that are aligned with US-based time zones on a case-by-case basis.
Source: https://newsdirect.com/news/readyset-raises-29m-for-a-sql-caching-engine-that-empowers-developers-to-build-performant-real-time-applications-578630556