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Venture Capital News Daily Closes $3M Seed Round

PORTLAND, OR, New data API that will eliminate the need for deploying databases in application development, today announced that it has raised a seed investment round of $3 million, led by True Ventures.
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To export funding data to PDF and Excel, click here, a new data API that will eliminate the need for deploying databases in application development, today announced that it has raised a seed investment round of $3 million. Led by True Ventures and joined by Frontline Ventures and Resonant Venture Partners, the funding will be used to rapidly build and deploy's service for strategic partners, expand its core development team and deploy its offering across multiple cloud providers, on multiple continents, for general availability later this year. is a cloud-agnostic service that unifies all the queries needed to build interactive applications, such as geospatial, time-series, graph, full-text search, key-value queries and more through a single API. Historically, developers have been required to run multiple databases to build applications that need these queries. eliminates the operational and financial burden on enterprises that run multiple databases, such as monitoring and maintaining them, scaling as usage grows, and distributing them across providers to improve fault tolerance and put data closer to end users. As a result, developers can focus on building richer, more sophisticated applications.

"Database and operating system licensing, servers, storage, power, labor, outsourcing and professional services represents a market that exceeds $100B annually," said Antony Falco, founder and CEO of, who also co-founded Basho Technologies, makers of the open-source distributed database, Riak. "We believe our service will save our customers significant time and money, allowing them to instead focus on what matters most -- the end-user. With, our customers can build better apps, faster."

" is disrupting a huge market with an incredibly talented team," said Puneet Agrawal, General Partner at True Ventures. "It's exactly the kind of company we love to fund at True Ventures. Tony and team will democratize the ability to build powerful, feature rich applications while pioneering a new 'NoDB' movement."

Founded in March 2013, has already made significant hires to the core team, including Dave "Dizzy" Smith, formerly VP of Engineering at Basho and Singly. A prominent Erlang and open-source contributor, Dizzy will build and lead's engineering and product team. Puneet Agarwal from True Venture has also joined its board.

The company is currently accepting applications to its private beta for select strategic partners. For more information and to be considered for beta today, visit You can also follow them on Twitter at

About provides an API service that eliminates the need to deploy databases when building new applications, or adding new features to existing applications. A cloud-agnostic service, it unifies all the queries needed to build interactive applications in a single API, allowing developers to rapidly add location, search, activity stream, event and recommendation features. Founded in 2013, is based in Portland, Oregon, and is backed by Frontline Ventures, Resonant Venture Partners and True Ventures. For more information, please visit

About True Ventures
Founded in 2005, True Ventures is a Silicon Valley-based venture capital firm that invests in early-stage technology startups. With three funds and approximately $600 million in capital under management, True provides seed and Series A funding to the most talented entrepreneurs in today's fastest growing markets. With a mission to make the world a better place for entrepreneurs, True encourages each founder's vision and has built resources to empower the employees, families and communities of its portfolio companies. The firm maintains a strong founder community and offers innovative educational opportunities to its portfolio, helping entrepreneurs achieve higher levels of success and impact. With more than 100 companies funded and multiple companies acquired, the True portfolio has created over 1,900 jobs. To learn more about True Ventures, visit
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