SAN FRANCISCO, CA, DragonflyDB, the company behind Dragonfly, the most performant and scalable in-memory datastore for cloud environments, has announced two new rounds of funding, totaling $21 million.
The company, which was founded in March, 2022, has seen massive developer traction, with the Dragonfly project on GitHub amassing over 17,000 stars since May 2022. This traction led to two recent rounds of funding, with a seed round led by Redpoint and a series A led by Quiet Capital. Satish Dharmaraj of Redpoint Ventures and Astasia Myers of Quiet Capital have both joined the DragonflyDB board.
DragonflyDB is a redis-compatible datastore with 25X the throughput and effortless vertical scaling. DragonflyDB was founded in March 2022 by Oded Poncz and Roman Gershman, former engineering colleagues at Google. They both experienced the pain of scaling Redis firsthand throughout their engineering careers which inspired them to build Dragonfly.
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