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- PlanetScale
PlanetScale Valuation, Funding & Investors
PlanetScale is valued at $80M as of May 2019.
Last PlanetScale valuation
$80M
Series A · May 2019
Last PlanetScale funding round
$50M
Series C · Nov 2021
Cumulative funding PlanetScale raised
$105M
across 4 funding rounds
Key investors in PlanetScale
SignalFire
Andreessen Horowitz
Insight Partners
Kleiner Perkins
Jack Altman
Tom Preston-Werner
About PlanetScale
PlanetScale is a serverless MySQL database platform leveraging Vitess sharding technology originally powering YouTube, Slack, and Square. It enables branchable databases, non-blocking schema changes, and infinite scaling for development teams at Shopify and HubSpot. Headquartered in San Mateo, the company processes petabytes of queries daily with built-in caching and query insights across global data centers.
Founded
2018
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Usage-based, Subscription
Valuation
$80M (May 2019)
PlanetScale Valuation
PlanetScale is currently valued at $80M, based on its Series A in May 2019.
The $22M round was led by Andreessen Horowitz, with participation from SignalFire.
PlanetScale valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| May 2019 | Series A | $80M |
PlanetScale Funding History
PlanetScale has raised a total of $105M across 4 funding rounds.
PlanetScale's first fundraising round was a $3M seed round in December 2018. The most recent completed round was a $50M Series C in November 2021.
PlanetScale funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Nov 2021 | Series C | Kleiner Perkins (lead); Max Mullen; SignalFire; Jack Altman; Andreessen Horowitz; Tom Preston-Werner; Insight Partners | $50M | - | PlanetScale is a serverless MySQL database platform founded in 2018 by co-creators of the Vitess open source project that powers YouTube. The company offers a hosted enterprise database service built on Vitess technology, combining scalability with developer experience. In November 2021, PlanetScale announced a $50 million Series C funding round led by Kleiner Perkins, with participation from existing investors Andreessen Horowitz (a16z), SignalFire, and Insight Partners, as well as notable individual investors including GitHub's former CEO Tom Preston-Werner, Lattice CEO Jack Altman, and Instacart co-founder Max Mullen. The round brought total funding to $105 million across multiple rounds including a $30 million Series B announced five months prior in June 2021. At the time of the Series C announcement, the company's hosted enterprise platform had just reached general availability, though its service had already attracted major customers including YouTube, GitHub, New Relic, Slack, MyFitnessPal, Square, and Affirm during its private beta phase since May 2021. The post-money valuation from this Series C round was not publicly disclosed. According to Kleiner Perkins partner Bucky Moore, transactional databases represented a premium market opportunity in infrastructure, despite investor hesitation to compete directly with major cloud providers in this space. |
| Jun 2021 | Series B | Insight Partners (lead); SignalFire; Andreessen Horowitz | $30M | - | PlanetScale, the creator of the open-source Vitess database clustering system originally developed at YouTube, provides a serverless MySQL-compatible database-as-a-service platform designed to simplify database management, reduce time-to-market for applications, and handle massive scale without traditional infrastructure overhead. Built on the battle-tested Vitess, a graduated CNCF project used by companies like GitHub, HubSpot, Slack, and Square, PlanetScale targets developers needing instantly provisioned, infinitely scalable databases. The company, headquartered in Mountain View, CA, and founded in 2018, serves high-profile customers including Slack, Figma, GitHub, and Square as of mid-2021. PlanetScale positioned its product as not only powerful but also simple, beautiful, and developer-friendly, contrasting with more complex alternatives by emphasizing ease of use without sacrificing capability. On June 6, 2021, PlanetScale announced a $30 million Series B funding round led by Insight Partners, with participation from Andreessen Horowitz (a16z) and SignalFire, bringing total funding to $55 million across seed, Series A, and this round. Insight Partners' Nikhil Sachdev joined the board, with Praveen Akkiraju as a board observer. The round aimed to accelerate platform adoption, scale the team globally, and expand the database service's reach to more developers. The funding supported general growth following prior rounds: a $3 million seed in December 2018 led by SignalFire, and a $22 million Series A in May 2019 led by Andreessen Horowitz. |
| May 2019 | Series A | Andreessen Horowitz (lead); SignalFire | $22M | $80M | PlanetScale is a database management startup offering a NewSQL database-as-a-service (DbaaS) platform based on the open-source Vitess project, which powers scalable MySQL sharding for companies like YouTube, Slack, Square, and JD.com. Founded in 2018 by CEO Jiten Vaidya and CTO Sugu Sougoumarane, previously at YouTube, the company focuses on helping businesses scale database infrastructure efficiently. The Series A funding followed a $3 million seed round in December 2018 led by SignalFire and was aimed at expanding the team and accelerating product development for their developer-targeted database solution. At the time, PlanetScale had around 43 employees and was actively hiring, later poaching senior talent from GitHub including its former VP of engineering as chief product officer. The company positioned itself against cloud giants like AWS, emphasizing superior scalability in its single-tool focus on database sharding. Subsequent rounds included a $30 million Series B in 2021 led by Insight Partners, increasing total raised to $55 million, and a $50 million Series C later that year led by Kleiner Perkins, with overall funding reaching $105 million by 2023. PlanetScale grew to over 60 employees post-Series B, planning further expansion in sales, engineering, and support. |
| Dec 2018 | Seed | SignalFire (lead) | $3M | - | PlanetScale is a MySQL-compatible serverless database platform built on Vitess, an open-source database sharding solution created by the company's founder. The platform enables enterprises to horizontally scale relational databases in the cloud across major infrastructure providers including Amazon Web Services, Microsoft Azure, and Google Cloud. PlanetScale closed its seed funding round in December 2018 with $3 million led by SignalFire, alongside an exceptionally strong syndicate of individual angel investors including YouTube co-founder Steve Chen, Dropbox former CTO Aditya Agarwal, Google Director of Engineering Parisa Tabriz, Quora CEO and former Facebook CTO Adam D'Angelo, PayPal and Affirm co-founder Max Levchin, and MuleSoft co-founder and CTO Ross Mason. The company emerged from stealth at the time of the seed announcement, positioning itself as an alternative to legacy database solutions with superior ease-of-use and operational simplicity for developers. PlanetScale went on to raise $22 million in Series A (May 2019, led by Andreessen Horowitz) and $30 million in Series B (June 2021, led by Insight Partners), accumulating $55 million in total funding prior to its Series C round. |
Who has invested in PlanetScale?
7 investors have backed PlanetScale across its funding rounds, including SignalFire, Andreessen Horowitz, Insight Partners, Kleiner Perkins, Jack Altman and Tom Preston-Werner.
Lead investors include Kleiner Perkins, Insight Partners, Andreessen Horowitz and SignalFire.
PlanetScale Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 4 | Lead | Dec 2018 | ||
| 3 | Lead | May 2019 | ||
| 2 | Lead | Jun 2021 | ||
| 1 | Participant | Nov 2021 | ||
| 1 | Lead | Nov 2021 | ||
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Start Free TrialPlanetScale Competitors
PlanetScale competitors include listed companies like Qiniu Cloud and Peax Solutions, and private ones like Komprise, KeenData, Caduceus Foundation and Ideon Technologies.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $67M | - | ||
| Private | - | - | $102M | - | ||
| Private | - | - | $80M | - | ||
| Private | - | - | $80M | - | ||
| Publicly listed | $264M | ($1M) | $83M | 0.2x | ||
| Publicly listed | $494M | $28M | $86M | - |
PlanetScale Public Comps
PlanetScale is still privately-owned, but its public comps include Lucent, Qiniu Cloud, Peax Solutions, Toku, NameSilo, Airship AI, Microdata Morocco, AgEagle Aerial Sys, ZeroStack and Exasol.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $1M | ($18K) | 55.6x | - | (4509.4x) | - | |||
| $264M | ($1M) | 0.2x | 0.2x | (53.3x) | - | |||
| $494M | $28M | 0.4x | - | 7.3x | - | |||
| $35M | ($9M) | 1.9x | 1.7x | (7.5x) | - | |||
| $47M | $4M | 1.9x | - | 22.1x | - | |||
| $15M | ($5M) | 3.6x | 3.6x | (10.7x) | (9.9x) | |||
| $103M | $11M | 1.0x | - | 9.7x | - | |||
| $13M | ($4M) | 3.6x | - | (10.3x) | - | |||
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Common questions about PlanetScale
| When was PlanetScale founded? | PlanetScale was founded in 2018. |
| Where is PlanetScale headquartered? | PlanetScale is headquartered in San Francisco, CA, United States. |
| Is PlanetScale publicly listed? | No, PlanetScale is a private, VC-backed company. |
| What is PlanetScale's valuation? | PlanetScale was last valued at $80M in its Series A in May 2019. |
| How much funding has PlanetScale raised? | PlanetScale has raised $105M across 4 funding rounds. |
| What was PlanetScale's last funding round? | PlanetScale's last funding round was a $50M Series C in November 2021, led by Kleiner Perkins. |
| Who are PlanetScale's investors? | PlanetScale's investors include SignalFire, Andreessen Horowitz, Insight Partners, Max Mullen, Kleiner Perkins, Jack Altman and Tom Preston-Werner. |
| Which companies are comparable to PlanetScale? | Companies comparable to PlanetScale include Komprise, KeenData, Caduceus Foundation, Ideon Technologies, Qiniu Cloud and Peax Solutions. |
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