PlanetScale

PlanetScale

Serverless MySQL-compatible database service

About PlanetScale

Simplify's Rating
Why PlanetScale is rated
A-
Rated B on Competitive Edge
Rated A on Growth Potential
Rated A on Rating Differentiation

Industries

Data & Analytics

Enterprise Software

Company Size

51-200

Company Stage

Series C

Total Funding

$102.1M

Headquarters

Mountain View, California

Founded

2018

Overview

PlanetScale provides a serverless database service that is compatible with MySQL, focusing on scalability, performance, and reliability for developers managing large data sets. Its features include horizontal sharding, non-blocking schema changes, built-in connection pooling, and Data Branches, which allow for isolated copies of databases in the cloud. This approach simplifies complex database management tasks, setting PlanetScale apart from competitors by allowing developers to concentrate on application development. The company's goal is to enhance the database experience, enabling seamless scaling without downtime.

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Simplify's Take

What believers are saying

  • Serverless computing trend aligns with PlanetScale's offerings, boosting developer focus on coding.
  • PlanetScale's availability on Google Cloud Marketplace supports multi-cloud strategies.
  • Boost feature meets growing demand for real-time data processing with enhanced query performance.

What critics are saying

  • Competition from AWS Aurora Serverless and Google Cloud Spanner is intensifying.
  • Rapid feature releases may lead to stability issues affecting user experience.
  • Dependence on cloud marketplaces could cause revenue fluctuations with policy changes.

What makes PlanetScale unique

  • PlanetScale offers a MySQL-compatible serverless database with Vitess-based sharding.
  • The Boost feature accelerates query performance by up to 1000X, eliminating external caching.
  • PlanetScale provides non-blocking schema changes, enhancing developer workflow without downtime.

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Funding

Total Funding

$102.1M

Meets

Industry Average

Funded Over

4 Rounds

Series C funding is usually for startups that are doing well and are looking for more money to fuel major growth, such as acquiring other companies, expanding into global markets, or launching new product lines. Investors typically include larger venture capital firms and private equity.
Series C Funding Comparison
Meet Average

Industry standards

$50M
$50M
Medium
$50M
PlanetScale
$62M
SeatGeek
$100M
Oura

Growth & Insights and Company News

Headcount

6 month growth

1%

1 year growth

-8%

2 year growth

3%
Yahoo Finance
Nov 8th, 2023
PlanetScale Ranked Number 188 Fastest-Growing Company in North America on the 2023 Deloitte Technology Fast 500™

PlanetScale ranked number 188 fastest-growing company in North America on the 2023 Deloitte Technology Fast 500™.

Street Insider
May 22nd, 2023
PlanetScale Now Available on Google Cloud Marketplace

PlanetScale, the serverless database innovator powered by MySQL and Vitess, today announced availability of PlanetScale on Google Cloud Marketplace.

Business Wire
Nov 15th, 2022
Correcting And Replacing Planetscale Boost Solves Cache Invalidation – ‘One Of The Two Hardest Problems In Computer Science’ – Letting Users Accelerate Specific Queries By Up To 1000X

SAN FRANCISCO--(BUSINESS WIRE)--Please replace the release with the following corrected version due to multiple revisions. The updated release reads:

Business Wire
Nov 15th, 2022
Planetscale Boost Solves Cache Invalidation – ‘One Of The Two Hardest Problems In Computer Science’ – Letting Users Accelerate Specific Queries By Up To 1000X

SAN FRANCISCO--(BUSINESS WIRE)--PlanetScale, the serverless database innovator powered by MySQL and Vitess, today announced PlanetScale Boost, a new product that improves query performance by up to 1000X and eliminates the need for external database caching. Developed at PlanetScale in less than six months, Boost adds to the competitive advantage that customers have when they build on top of PlanetScale, eliminating weeks of infrastructure and custom application work. Unlike other platforms that leverage off-the-shelf open source technology or build complex infrastructure to mimic this effect, Boost is novel technology based on cutting-edge research applied to solving real-world problems. Sitting next to, but apart from, the database, it operates transparently with no transactional overhead and none of the risk to stability of the platform that traditional caches introduce

Dataconomy
Aug 23rd, 2022
PlanetScale Inc. launched serverless driver for JavaScript on Jul 23rd 22'.

In order to improve database accessibility from serverless edge deployments, PlanetScale recently launched serverless driver for JavaScript.

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