PlanetScale raises $50M Series C as its enterprise database service hits general availability

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planet scale, a serverless database company founded by the co-creators of vitse The opensource project that powers YouTube today announced that it has raised a $50 million Series C funding round led by Kleiner Perkins. Existing investors a16z, Signalfire and Insightly Partners also participated in the round, along with GitHub CEO and co-founder Tom Preston-Werner, Lattice CEO and founder Jack Altman and Instacart co-founder Max Mullen. With this, the company has now raised a total of $105 million, which includes the $30 million Series B that was announced just five months ago.

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In addition, the company also announced today that its hosted enterprise platform is now generally available. Even though its service was only available as a private beta since its launch in May 2021, the company’s customers already include YouTube, GitHub, New Relic, Slack, MyFitnessPal, Square, and Affirm. “We have major websites – the top 4,000 websites – that have already moved to PlanetScale and are currently hosted on PlanetScale – in beta,” PlanetScale CEO Sam Lamberte said. “You can’t keep people away from this. The beta flag did nothing to stop them.”

Lambert, formerly VP of engineering at GitHub, took over as CEO in July after nine months as PlanetScale’s chief product officer. He replaces co-founder Jiten Vaidya, who stepped down as chief strategy officer and continues to serve on the company’s board.

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As Lambert told me, PlanetScale is expanding rapidly and the workforce has tripled in the past six months. “We are now being talked about as the default serverless database, especially if you are using a platform like netlify And Versailles, Growing as a part of the serverless industry, but it was growing in areas with less complexity […] And there were few people putting together a database for a serverless world. But we showed – and I think we brought something completely new: we brought the database that was the back end for YouTube.com, the second largest website on planet Earth, and we brought it to the serverless world,” Lambert said.

According to Kleiner Perkins partner Bucky Moore, transactional databases such as PlanetScale are a “premium market opportunity across all infrastructure”. Yet while the big cloud providers are creating billions from these services, investors have been cautious. “A lot of investors, frankly, are hesitant to compete with cloud providers on this pivot because it’s a business so near and dear to their heart and strategy,” Moore said. “However, the way I think about it is quite different. You have these two megatrends in the need to deliver software at web scale to global user bases, which certainly makes the public cloud a lot easier. But Also, they haven’t really innovated that much how do you solve the database part of it.And that’s part of the reason why Vitesse is such an interesting technology and why so many big companies are rolling it out in a big way.

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Meanwhile, Lambert argues, serverless is finally reaching the point where it delivers on many of the cloud’s core promises. “The cloud eventually just shifted to, ‘Okay, you don’t plug servers in anymore.’ But companies now have teams of people, hundreds of people just managing their AWS and it’s like, ‘Wow, we haven’t gotten to where we want to go.’ I think serverless is picking it up and it’s getting faster. It’s such a peak speed. And it leads to human advancement. It brings about the fact that there Will Be a five-person company worth over a billion dollars because they’ll only take advantage of serverless tools – and they’ll pull these things together.

And while PlanetScale sits on top of opensource projects like MySQL and Vitess, neither Lambert nor Moore were concerned about taking the code from major cloud providers and launching their own competitors.

“The one thing that clouds can’t clone is flavor,” Lambert said (and I should note that I’ve met some people who bring as much enthusiasm and passion to the discussion about databases as Lambert). Huh). “That’s absolutely true, isn’t it? You look at the licensing debate, the licensing war right now. Many, many companies and many database companies are hiding behind BSL licensing because of the fear that the cloud will take over their equipment. Not afraid that people will be able to taste ours, we have no fear. I sat down at GitHub while major companies started their rival at GitHub and then spun it off. And it’s all about beauty and design and incredible taste. The medium is because of our incredible ability to create things that resonate emotionally with people. […] We don’t fear letting go of the clouds, because in fact, the magic we bring to conversation is so unique. ,

As for the company’s future plans, Lambert said that, so far, PlanetScale has only laid the groundwork for its roadmap. In his view, the company has only shown 10% of what Vitesse can do, but the team needs to lay down the basics like login systems and audit logging before they can work on these next steps (though with database branching, this is the first has since also launched several highly innovative features). In the view of the PlanetScale team, a lot of the work in the database world has been around moving roles away from the database itself and working with data outside the database. But if you have a robust and highly scalable system like Vitesse, you can simplify your architecture and, over time, bring back a lot of primitives created outside the database system.

With GA launched today, the company is already offering a new database import feature that allows users to migrate any existing MySQL database to PlanetScale with just a few clicks. This should make it easier for new users to test the service with their own data before making the full transition. Service still new. is integrated with Prisma Data Platform, allows developers to create PlanetScale databases in Prisma.

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