Though there are many businesses building software for the cloud database marketplace, various studies show that companies are now leaning towards fully managed cloud databases for their processes. SurrealDB has been operating in this the sector since 2020 and received its first round of seed funding in 2023. This is indicative of a rising need for cloud database management companies such as this.
Despite larger competitors, SurrealDB’s services have a more specific aim than just the management of databases. The mission is to improve app development by scaling down reliance on back-end APIs and layering, thus making response times to queries faster and simplifying what is often an interconnected and complicated database of servers and programmes.
The company plans to use its seed funding to onboard more employees and prep its cloud launch in 2024, hoping to expand further in the database-as-a-service industry, which is predicted to grow to a value of $24.8 billion by 2025.
Steph
Company Specialist at Welcome to the Jungle