#USA #Alexandria #Akamai #pgEdge #Qube Research

pgEdge, Inc. Secures Major Investments

In a transformative move set to shape the future of distributed database technologies, pgEdge, Inc., prominent in the realm of distributed PostgreSQL solutions, has recently announced securing formidable investments from leading tech-backed firms, Akamai Technologies and Qube Research Technologies (QRT). This funding milestone not only accentuates pgEdge’s commitment to driving innovation within distributed PostgreSQL but also emphasizes the increasing significance of high availability and low latency in today’s edge computing landscape.

Major Investors on Board

Akamai Technologies, known for its prowess in cybersecurity and cloud computing, and QRT, a notable investment management entity, have both recognized the potential in pgEdge’s capacity to enhance PostgreSQL's usability across global networks. Their strategic investment rounds out a total of $23 million in seed stage funding for pgEdge, reinforcing the company's roadmap toward groundbreaking innovations.

Michael Merideth, Chief Architect at Akamai, stated, "pgEdge’s approach to facilitating geo-distributed PostgreSQL databases at or near the network edge is a significant complement to Akamai’s efforts in deploying stateful applications at the network edge using its extensive distributed cloud infrastructure." This alignment underscores how both companies can leverage their strengths to deliver better services to their customer bases.

Moreover, Nick Harris, CTO of QRT, expressed enthusiasm about deepening their collaboration, highlighting that QRT was an early adopter of pgEdge’s solutions. This level of investor faith is not merely a financial transaction but a strategic partnership aimed at further establishing the capabilities of pgEdge in the market.

Cutting-Edge Technology for Real-World Applications

pgEdge stands unique as the only fully distributed PostgreSQL database that integrates open-source principles while relying on standard PostgreSQL components. As per the 2024 Stack Overflow survey, PostgreSQL remains developers’ preferred database system, further signifying its robust position in the tech industry. With its multi-master replication technology designed for geographical and multi-cloud environments, pgEdge promises users high availability and significantly reduced data latency, making it particularly advantageous for edge AI applications.

Phillip Merrick, Co-Founder and CEO of pgEdge, acknowledged this investment as a validation of their product's value. He expressed excitement about the collaboration with Akamai for advanced innovations tailored to the needs of today’s data-driven world. The enhancements in both edge computing and edge AI brought forth by this partnership could revolutionize how businesses approach their databases and application deployments in distributed environments.

Headquartered in Northern Virginia, pgEdge’s objective is to empower developers to create and deploy distributed database applications seamlessly across global infrastructures. Its portfolio includes an array of esteemed clients, including Bertelsmann, the European Parliament, and numerous U.S. government agencies. Investors supporting the company include notable names like Rally Ventures, Sands Capital, Grotech Ventures, and Sand Hill East, alongside the recent investments from Akamai and QRT.

In conclusion, the financial backing from industry stalwarts not only fortifies pgEdge’s status in the booming distributed database market but also promises enhanced efficiency and innovation for businesses tapping into distributed PostgreSQL solutions. As companies increasingly prioritize speed and reliability in application performance, pgEdge's advancements position it as a critical player in steering the future of database technology toward edge computing.