Appwrite, an open source backend-as-a-service provider, raises $27M

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Appwrite, an open source back-end-as-a-service (BaaS) platform that allows businesses to forget about infrastructure and focus directly on the front-end, has raised $27 million in a series funding round TO.

Founded in 2019, Appwrite is one of several open source BaaS startups set to challenge Google’s Firebase, with the likes of Supabase and Nhost raising cash from investors in the past twelve months. Appwrite, meanwhile, announced late last year that it had raised $10 million in two seed rounds, further highlighting the burgeoning BaaS movement.

In its current form, Appwrite is a self-hosted BaaS that provides developers with all the APIs they need to power the underlying infrastructure of their applications, including user authentication, security, API management, file storage, databases to store and consult data, privacy, and more.

“From the beginning of Appwrite as an open source project, our main focus has always been to create tools that create value for developers and enable them to innovate,” Appwrite founder and CEO Eldad Fux told VentureBeat. “With Appwrite, developers get all the tools they need to build their products with a consistent experience that makes development enjoyable and, more importantly, fast.”

The company is also working on a new hosted cloud offering that was announced for release late last year, and while it hasn’t hit the market yet, it’s not too far off the mark. Currently, the beta version is scheduled to launch next summer, and the company is already accepting early subscriptions.

“Appwrite Cloud is the most anticipated feature for our developers, and we are working very hard to make sure they get the best product on the market,” said Fux.

Flexibility

What the cloud product will bring to the table is flexibility. As a self-hosted, open source BaaS product, businesses can deploy wherever they want and are not locked into any specific ecosystem. But some companies don’t want the operational headache that this entails and prefer to offload the configuration resources to Appwrite.

“While Appwrite Cloud will be the easiest way to deploy and scale Appwrite projects in production, we remain fully committed to providing developers with the best self-hosted solution on the market,” added Fux.

With another $27 million in the bank, the company is well-funded to accelerate its cloud product development and double its recent growth, which has seen it grow its open source community from 40,000 to 150,000 developers since the beginning. last fall.

The capital will also be used to grow its internal team and build the platform with new features and functionality yet to be determined.

“While it is still too early to share specific features, we can share that we will continue to strive to reduce the friction required to build applications on top of our end-to-end platform by allowing other essential APIs to be part of our stack. Fux said.

Appwrite’s Series A round was led by Tiger Global Management, with participation from Bessemer Venture Partners, Flybridge Capital Partners, Ibex Investors and Seedcamp.

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