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Nile raises $11.6M in seed funding to build a Postgres-powered data layer for SaaS applications
SaaS needs a new data system. That's the driving idea behind Nile, a startup that aims to create this data system with serverless Postgres at its core.
The company today announced that it has raised an $11.6 million seed funding round led by Benchmark’s Eric Vishria, who was also the original lead investor of Confluent. Typically, that involved either overprovisioning servers to be able to react to spikes — and accepting the additional cost of doing that — or moving specific customers to their own databases and clusters to ensure isolation (for both security and performance reasons). On top of all of this, Nile also offers features for user management, customer dashboards, vector embeddings for AI use cases (based on pgvector) and more.
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