STOCKHOLM, Oct. 25, 2022 /PRNewswire/ -- Grafbase, the data platform for developers, announced today that it has secured $7.3 million in funding. The new $5 million seed funding round has been 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 such as Vercel CEO Guillermo Rauch, Datadog CEO Olivier Pomel, former GitHub CEO Nat Friedman, the CEO of Netlify Mathias Biilmann Christensen, and the CEO of Cockroach Labs, Spencer Kimball, among others.
With the new funding, Grafbase will speed up its product development and double the size of the team. Grafbase is a remote distribution company in Europe and the United States and is already available for developers.
The data platform for developers
"Building and deploying backends has been complex and time consuming for years. We've built Grafbase to make deployment of GraphQL backends seamless and lightning 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 that seamlessly integrates with each GraphQL API This way backend projects scale from scratch to enterprise making it cost effective to any scale," said Fredrik Björk, founder and CEO of Grafbase. "We are pleased to gain such renowned and like-minded investors to support our mission."
Addressing a $13.6 billion global market for cloud databases and databases as a service, Grafbase enables developers to go from idea to production in seconds without spending time on infrastructure.
A growing community of developers who have already adopted Grafbase
Since Grafbase was released in beta to the developer community in early August, hundreds of projects have already been created and a growing community has formed on Discord. Some early adopters are already building backends for mobile, eCommerce, and Jamstack.
Before founding Grafbase, Swedish Fredrik Björk (who started coding at the age of 9) was the CTO of The RealReal (Nasdaq: REAL, IPO 2019). He was previously the founder and CTO of Avatars United, a social network for the metaverse that was acquired by Linden Lab (creators of Second Life) in 2010.
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"Grafbase is at the center of two powerful trends: GraphQL and building applications at the edge," explained Micah Smurthwaite, partner at Next47. "There are millions of GraphQL developers, and the Graph is changing the way companies build software. Distributed networks, like Cloudflare Workers, are allowing developers to build applications at the edge, closer to the end user. With Grafbase, developers Developers can create a single GraphQL endpoint with a full-featured backend that is replicated at the edge, globally. This is very powerful and is changing the way software is built."
"The speed at which the team has been shipping code and new features has been very impressive, and Fredrik assembled a top-notch team of a quality that we very rarely see at this stage of development," said Thomas Cuvelier, Partner at Alven .
"I have been amazed at the rise of GraphQL as a lingua franca not only for querying graph databases, but also for middleware, system integration, APIs, and really any interaction with and between applications," said Salil Deshpande, general partner of Uncorrelated Ventures. "The timing was perfect for Grafbase to leverage GraphQL, cloud data services, and standard CDNs to enable a 7-second global deployment of data alongside applications that have fast response times. of less than 100 ms worldwide".
About Grafbase
Grafbase is a developer data platform that accelerates backend deployment through serverless GraphQL APIs. Founded by Fredrik Björk, former CTO of The RealReal and angel investor, the company has raised $7.3 million. Grafbase's first-come developer team is spread across the EU and US and has plans to expand rapidly over the next year.
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