{"id":19536,"date":"2020-07-04T07:37:10","date_gmt":"2020-07-04T07:37:10","guid":{"rendered":"https:\/\/rbsitsoftwaresolution.com\/blog\/fauna-raises-an-additional-27m-to-turn-databases-into-a-simple-api-call.html"},"modified":"2020-07-04T07:37:10","modified_gmt":"2020-07-04T07:37:10","slug":"fauna-raises-an-additional-27m-to-turn-databases-into-a-simple-api-call","status":"publish","type":"post","link":"https:\/\/www.rbsitsoftwaresolution.in\/blog\/fauna-raises-an-additional-27m-to-turn-databases-into-a-simple-api-call.html","title":{"rendered":"Fauna raises an additional $27M to turn databases into a simple API call"},"content":{"rendered":"

Databases have always been a complex part of the equation for developers requiring a delicate balance to manage inside the application, but Fauna<\/a> wants to make adding a database a simple API call, and today it announced $27 million in new funding.<\/p>\n

The round, which is technically an extension of the company\u2019s 2017 Series A, was led by Madrona Venture Group <\/a> with participation from Addition, GV, CRV, Quest Ventures and a number of individual investors. Today\u2019s investment brings the total raised to $57 million, according to the company.<\/p>\n

While it was at it, the company also added some executive fire power, announcing that it was bringing on former Okta chief product officer Eric Berg <\/a> as CEO and former Snowflake CEO Bob Muglia <\/a> as Chairman.<\/p>\n

Companies like Stripe for payments and Twilio for communications are the poster children for the move to APIs. Instead of building sophisticated functionality from scratch, a developer can use an API call to a service, and presto, has the tooling built in without any fuss. Fauna <\/a> does the same thing for databases.<\/p>\n

\u201cWithin a few lines of code with Fauna, developers can add a full-featured globally distributed database to their applications. They can simplify code, reduce costs and ship faster because they never again worry about database issues such as correctness, capacity, scalability, replication, etc,\u201d new CEO Berg told TechCrunch.<\/p>\n

To automate the process even further, the database is serverless, meaning that it scales up or down automatically to meet the needs of the application. Company co-founder Evan Weaver, who has moved to CTO with the hiring of Berg, says that Stripe is a good example of how this works. \u201cYou don\u2019t think about provisioning Stripe because you don\u2019t have to. [\u2026] You sign up for an account and beyond that you don\u2019t have to provision or operate anything,\u201d Weaver explained.<\/p>\n

Like most API companies, it\u2019s working at the developer level to build community and developer consensus around it. Today, they have 25,000 developers using the tool. While they don\u2019t have an open-source version, they try to attract developer interest with a generous free tier, after which you can pay as you go or set up a fixed monthly pricing as you scale up.<\/p>\n

The company has always been 100% remote, so when COVID hit, it didn\u2019t really change anything about the way the company\u2019s 40 employees work. As the company grows, Berg says it has aggressive goals around diversity and inclusion.<\/p>\n

\u201cOur recruiting and HR team have some pretty aggressive targets in terms of thinking about diversity in our pipelines and in our recruiting efforts, and because we\u2019re a small team today we have the ability to impact that as we grow. If we doubled the size of the company, we could shift those percentages pretty dramatically, so it\u2019s something that is definitely top of mind for us.\u201d<\/p>\n

Weaver says that fundraising began at the beginning of this year before COVID hit, but the term sheet wasn\u2019t signed until March. He admits being nervous throughout the process, especially as the pandemic took hold. A company like Fauna is highly technical and takes time to grow, and he worried getting investors to understand that, even without a bleak economic picture, was challenging.<\/p>\n

\u201cIt\u2019s a deep tech business and it takes real capital to grow and scale. It\u2019s a high-risk, high-reward bet, which is easier to fund in boom times, but broadly I think the best companies get built during recessions when there\u2019s less competition for talent and there\u2019s more focus on capital.\u201d<\/p>\n

\n

Twilio 2010 board deck gives peek at now-public company\u2019s early days<\/a><\/p>\n<\/blockquote>\n

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Article source: http:\/\/feedproxy.google.com\/~r\/techcrunchIt\/~3\/gskYlVAI_KM\/<\/p>","protected":false},"excerpt":{"rendered":"

Databases have always been a complex part of the equation for developers requiring a delicate balance to manage inside the application, but Fauna wants to make adding a database a <\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[19],"tags":[25],"class_list":["post-19536","post","type-post","status-publish","format-standard","hentry","category-enterprise-software","tag-enterprise"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t