Cloud Database Startup ReadySet Raises $29 Million, Prepares to Launch First Product

Harri Weber

Harri is dot.LA's senior finance reporter. She previously worked for Gizmodo, Fast Company, VentureBeat and Flipboard. Find her on Twitter and send tips on L.A. startups and venture capital to harrison@dot.la.

Cloud Database Startup ReadySet Raises $29 Million, Prepares to Launch First Product
Photo by José Ramos on Unsplash

ReadySet, a Beverly Hills-based cloud infrastructure startup that helps software companies scale their databases, has secured $29 million in venture funding to get its first product out of the door.

The capital comes via two funding rounds, the company said Tuesday—a new $24 million Series A led by London’s Index Ventures, and a previously undisclosed $4.9 million seed round led by Silicon Valley’s Amplify Partners (which also invested in the Series A). Several angel investors, including longtime cloud executive and Vimeo board member Adam Gross, also chipped in on the Series A.

While ReadySet remains in a pre-revenue stage, it told TechCrunch, it plans to use the funding to deliver a commercial version of its cloud product. The startup was born out of an open-source project called Noria, which co-founders Alana Marzoev and Jon Gjengset developed while pursuing doctorate degrees at MIT. Though the company describes itself as a “remote-first company with offices in multiple US cities,” Gjengset is based in Los Angeles while Marzoev is in Boston, according to their LinkedIn pages.

ReadySet described its service as a “drop-in solution to the database performance problems that often arise when a company is in a phase of rapid growth, such as when dealing with large datasets, complicated queries, or high request volumes.”

On top of its commercial launch plans, ReadySet said it will use the funds to double the size of its team to 50 people within the year.

Subscribe to our newsletter to catch every headline.

Cadence

Genies Wants To Help Creators Build ‘Avatar Ecosystems’

Christian Hetrick

Christian Hetrick is dot.LA's Entertainment Tech Reporter. He was formerly a business reporter for the Philadelphia Inquirer and reported on New Jersey politics for the Observer and the Press of Atlantic City.

Genies Wants To Help Creators Build ‘Avatar Ecosystems’

When avatar startup Genies raised $150 million in April, the company released an unusual message to the public: “Farewell.”

The Marina del Rey-based unicorn, which makes cartoon-like avatars for celebrities and aims to “build an avatar for every single person on Earth,” didn’t go under. Rather, Genies announced it would stay quiet for a while to focus on building avatar-creation products.

Genies representatives told dot.LA that the firm is now seeking more creators to try its creation tools for 3D avatars, digital fashion items and virtual experiences. On Thursday, the startup launched a three-week program called DIY Collective, which will mentor and financially support up-and-coming creatives.

Read moreShow less

Here's What To Expect At LA Tech Week

Christian Hetrick

Christian Hetrick is dot.LA's Entertainment Tech Reporter. He was formerly a business reporter for the Philadelphia Inquirer and reported on New Jersey politics for the Observer and the Press of Atlantic City.

Here's What To Expect At LA Tech Week

LA Tech Week—a weeklong showcase of the region’s growing startup ecosystem—is coming this August.

The seven-day series of events, from Aug. 15 through Aug. 21, is a chance for the Los Angeles startup community to network, share insights and pitch themselves to investors. It comes a year after hundreds of people gathered for a similar event that allowed the L.A. tech community—often in the shadow of Silicon Valley—to flex its muscles.

From fireside chats with prominent founders to a panel on aerospace, here are some highlights from the roughly 30 events happening during LA Tech Week, including one hosted by dot.LA.

Read moreShow less

GrayMatter Is Building Industrial Robots To Take Over the Jobs Humans Hate

Samson Amore

Samson Amore is a reporter for dot.LA. He holds a degree in journalism from Emerson College and previously covered technology and entertainment for TheWrap and reported on the SoCal startup scene for the Los Angeles Business Journal. Send tips or pitches to samsonamore@dot.la and find him on Twitter @Samsonamore.

​GrayMatter robotics working
Andria Moore courtesy of GrayMatter

GrayMatter Robotics, a startup based in Gardena (and definitely not a “Breaking Bad” reference, the founders assure us) is looking to disrupt the industrial finishing and sanding industry by programming robotic arms with artificial intelligence software to automate this labor.

Read moreShow less
RELATEDEDITOR'S PICKS
LA TECH JOBS
interchangeLA
Trending