Grafbase unveils $7.3 million in funding to build the data platform of the future
Grafbasethe developer data platform, today announced that it has raised $7.3M in total funding. The company is fresh $5 million roundtable was led by Next47, a global venture capital firm that invests in category-defining B2B companies. The funding round also saw the participation of Alven, Uncorrelated Ventures and a group of renowned angel investors including Vercel CEO Guillermo Rauch, Datadog CEO Olivier Pomheformer CEO of GitHub Nat FriedmanMathias Biilmann Christensen, CEO of Netlify, and CEO of Cockroach Labs Spencer Kimballamong others.
Thanks to this new funding, Grafbase will accelerate the development of its products and double the size of the team. Grafbase is a remote company spread over Europe and in the United States and is available to developers now.
The data platform for developers
“Building and deploying backends has been complex and time-consuming for years. We built Grafbase to make deploying GraphQL backends seamless and extremely fast. With Grafbase, developers can build a GraphQL endpoint with a full backend, including API and database. All projects deployed on Grafbase come with a serverless database seamlessly integrated with every GraphQL API. This way, backend projects scale from zero to enterprise, making them profitable at any scale,” said Fredrik Björk, Founder and CEO of Grafbase. “We are pleased to have won such renowned and like-minded investors to support our mission.”
Tackle the $13.6 billion A global cloud database and database-as-a-service marketplace, Grafbase enables developers to go from idea to production in seconds without wasting time on infrastructure.
A growing community of developers has already adopted Grafbase
Since Grafbase was spear in beta to the developer community in early August, hundreds of projects have already been created with a growing community forming in Discord. Some early adopters are already building mobile, eCommerce, and Jamstack backends.
Before founding Grafbase, Swedish Fredrik Björk (who started coding at the age of 9) was the CTO of The RealReal (Nasdaq: REAL, IPO 2019). Previously, he was the founder and CTO of Avatars United, a social network for the metaverse which was acquired by Linden Lab (creators of Second Life) in 2010.
“Grafbase is at the heart of two powerful trends: GraphQL and building apps at the edge,” said Micah Smurthwaite, Partner at Next47. “There are millions of GraphQL developers, and the Graph is changing the way businesses build software. Distributed networks, such as Cloudflare Workers, allow developers to build applications at the edge, closer to the end user. With Grafbase, developers can create a single GraphQL endpoint with a full backend that is replicated at the edge, globally. It’s very powerful and it changes the way software is built.
“The speed at which the team shipped code and new features was very impressive, and Fredrik assembled a top-notch team of a quality that we very rarely see at this stage of development,” said Thomas Cuvelierpartner at Alven.
“I was surprised by the rise of GraphQL as a lingua franca for not only querying graph databases, but middleware, systems integration, APIs, and really all interactions with and between apps,” said Salil Deshpande, General Partner at Uncorrelated Ventures. “The timing was perfect for Grafbase to leverage GraphQL, cloud data services, and standard CDNs, to enable 7 seconds global deployment, data and applications, which have response times of less than 100 ms worldwide.
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