SurrealDB Raises $20M to Disrupt Database Tech; Introduces New Cloud Beta Access

SurrealDB, the multi-model database, has secured a $20 million investment round led by FirstMark and Georgian, with contributions from Crew Capital and Alumni Ventures, bringing its total funding to $26 million.

In conjunction with this funding, SurrealDB has launched the beta version of Surreal Cloud.

SurrealDB is rapidly gaining traction among enterprises seeking to consolidate their databases into a single, versatile platform. Its flexibility and streamlined approach are attracting software developers who need to adapt swiftly to varying data requirements without juggling multiple database systems.

With over 25,000 GitHub stars, SurrealDB is one of the industry's fastest-growing open-source database projects. It enables developers to build modern, real-time applications more quickly and cost-effectively by reducing the need for extensive backend infrastructure management and complex API development. SurrealDB supports a range of data models and cloud platforms, enhancing flexibility and efficiency.

SurrealDB has become a preferred solution for organisations grappling with the expenses and complexities of managing multiple databases. Typically, organisations oversee three to four databases, which adds significant cost, complexity, and hampers developer productivity. Developers often spend excessive time managing infrastructure and learning new programming languages, detracting from their primary focus on application development.

SurrealDB addresses these challenges by offering advanced security and access permissions, as well as indexing capabilities for AI workflows, machine learning inference, and model processing.

The database is built entirely on Rust, a general-purpose programming language acclaimed for its exceptional performance in critical applications, thanks to its strong emphasis on safety, speed, and concurrency.

“Each industry goes through phases of bundling and unbundling. The database market has seen an explosion of many different types of specialised databases in the 2010s, resulting in ever-growing complexity for developers. The pendulum has now swung back to rebundling and simplification”, said Matt Turck, Partner at FirstMark. “SurrealDB is rapidly emerging as the leader in that trend, offering tremendous versatility and performance to developers, whether they want to build simple applications or engage in advanced AI work. I’m thrilled to double down in the Series A after leading the seed round.”

“SurrealDB’s novel multi-model database simplifies backend architecture and provides a powerful but user-friendly developer experience. Through our due diligence, including usage by Georgian’s internal AI Lab, we have observed SurrealDB’s ability to consolidate multiple databases, which can reduce cost and complexity while also providing simple and intuitive querying. The pace of development by the SurrealDB team has resulted in one of the fastest growing open source projects that we have seen and we’re very excited to partner with the company as it launches to an even broader audience”, said Emily Walsh, Lead investor at Georgian.

“As a developer myself, I passionately believe in creating software that enables all developers to focus on building the most innovative applications. With SurrealDB we’re not just enhancing productivity; we’re disrupting the database market. The support and enthusiasm from our community have been instrumental to our growth and success. We are committed to open-source development, and will continue to innovate and provide powerful, accessible tools that empower developers worldwide,” said SurrealDB CEO and co-founder Tobie Morgan Hitchcock. “We are honoured to have FirstMark, Georgian, Crew Capital and Alumni Ventures support our vision. Their investment and support will help us scale faster and meet growing demand.”