Newbie mobile database vendor Realm has garnered $20 million in a Series B funding round led by existing investor, Khosla Ventures.
Founded 9 months ago, backed by 3 years of research, what Realm came up with is a new mobile database that runs directly on phones, tablets or smartwatches. A very small database (<1MB) that saves on a lot of coding, Realm can be added to an app, explains co-founder Alexander Stigsen, and has advantages like offline availability, speed, privacy and cost effectiveness, reports TechCrunch.
So far its clients include Fortune 500 companies, banks, healthcare providers, big-name startups, including Groupon, Buzzfeed, Intuit, Rite Aid, SAP, Zynga, Hipmunk, Coinbase, Expensify, Wahoo Fitness among others.
New investor Scale Venture Partners also participated and Andy Vitus of Scale Venture Partners along with David Helgason, founder and former CEO of Unity will join the board of directors. Total investment has now gone up to $29 million.
The Y Combinator-backed startup has a workforce of 21 and with the new funding will look to expand team and support as well as improve the products, bring Realm to more platforms, and work on packaging and selling the enterprise products & services.
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