On March 17, 2022, Mango Capital, AngelList, ScaleX Ventures, and individual industry angels took part in a USD 1.9 million seed round for Upstash.
What does Upstash do?
Setting up the infrastructure for data-intensive applications is both costly and time-consuming. You’re often paying for resources you’re not using, even in the cloud. That’s where serverless shines: you only pay for help when they’re in use, not when they’re unused.
Upstash, a seed-stage firm, is developing a serverless data platform for data-intensive app developers with a consumption-based pricing mechanism that should help keep costs low. It supports Redis and Kafka, two major open-source projects.
What the founder has to say:
Even before you start transferring data through your system, Upstash founder and CEO Enes Akar stated that setting up the database architecture in the cloud costs hundreds of dollars every month. While managed versions of these services are available, Akar wished to abstract even more operational costs.
“You can have hundreds of Redis databases or hundreds of Kafka clusters in our system, but you’ll pay nothing if they’re not receiving any queries. Upstash also keeps pricing low by balancing data demands between memory and storage. We take the approach of keeping your data in memory and on disk. If you don’t use your data, we’ll delete it from memory and save it to disk. So this secret sauce allows us to provide such a wide range of pricing options,” he explained.
About Upstash:
The company, based in Turkey, is set to launch by the end of 2020, with the product being developed over the previous year. According to Akar, Upstash is already being used by over 13,000 developers. For up to 10,000 queries each day, there is a free tier. After that, you must pay, and there is an enterprise tier if your commit rate exceeds 1,000 per second.
The company currently employs seven people, all of whom are engineers, with intentions to expand to ten this year and then double next year. He admitted that his crew is now all men, but he sees the importance of diversity as he expands his workforce.
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