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Upstash’s serverless data platform hits ARR of $1M just two years after seed funding

Upstash’s serverless data platform hits ARR of $1M just two years after seed funding

02/08/24, 4:20 PM
Location
https://purecatamphetamine.github.io/country-flag-icons/3x2/TR.svgturkey
Money raised
$10 million
Industry
software
community and lifestyle
Investors
A16z
Upstash announced a $10 million Series A led by a16z after reaching an ARR of $1 million, just two years after a $1.9 million seed round.

Company Info

Company
Upstash
Location
turkey
Additional Info
The company, which is based in Turkey, launched at the end of 2020 with the product coming along last year. So far, the company has seven employees, all engineers, with plans to reach 10 this year, and then double again next year. The company announced a $1.9 million seed round today from Mango Capital, AngelList, ScaleX Ventures and individual industry angels. Upstash already has more than 13,000 developers using the product, according to Akar.
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