MotherDuck Raises $52.5 Million Series B Funding as DuckDB Adoption Soars

MotherDuck-Raises-_52.5-Million-Series-B-Funding-as-DuckDB-Adoption-Soars

Valued at $400M, MotherDuck removes the waitlist from its platform, announces new product features, and adds 11 more partners to its growing ecosystem

MotherDuck, builder of a serverless, easy to use data analytics platform based on open source database DuckDB, today announced a $52.5 million round of funding. Led by Felicis, the round puts MotherDuck at a $400M post-money valuation and brings their total funding to date to $100M. New and existing investors like a16z, Madrona, Amplify Partners, Altimeter, Redpoint, Zero Prime, and more participated in the round as well. Felicis General Partner Viviana Faga will join MotherDuck’s Board of Directors.

As part of today’s announcement, MotherDuck will no longer have a waitlist for those interested in trying the platform. Anyone who wants to start leveraging the power of DuckDB at scale immediately can sign up at motherduck.com. The company also announced feedback-driven improvements to the analyst experience including faster data import, a better notebook interface with SQL auto-complete, optimized hybrid query planning, and improved database sharing.

“We’re proud of what we’ve been able to achieve over the last year alongside the DuckDB community and the DuckDB Labs team,” said Jordan Tigani, CEO and Co-Founder of MotherDuck. “Our initial funding allowed us to grow our engineering team to get our platform launched and in use by almost 2,000 analysts. With this funding and the momentum surrounding our platform and DuckDB’s adoption, the sky’s the limit. The key is a simplified scale-up approach to SQL analytics; for the 95% of us who do not have petabyte-scale data, a scale-up approach to analytics based on an engine like DuckDB can be faster, cheaper and more user-friendly than distributed architectures. Spending the last week in Amsterdam with the DuckDB team has solidified that DuckDB is the future. We’re excited about bringing the power of its simplicity to organizations at scale and improving the analyst experience across the board.”

Marketing Technology News: MarTech Interview with Shachar Orren, CMO and Co-Founder of EX.CO

As the popularity of DuckDB skyrockets across the data community – thanks to its ability to run everywhere (including in the browser), query data from anywhere without preloading it, and its super-fast execution of analytical queries – early adoption of MotherDuck has validated the belief that data technology needs to focus on analyst experience. As the DuckDB team continues to rapidly evolve the open source database engine and its close ties to cutting-edge academic research, MotherDuck has been able to add collaboration and scalability of the cloud for organizations who want to use DuckDB at a larger scale.

The partnership between the two teams has led to more than 2,000 users already finding success with MotherDuck across a multitude of use cases to include:

  • A cloud data warehouse for the rest of us: MotherDuck provides a simplified, performant and efficient data warehouse based on the lightweight DuckDB engine for the majority of data warehouses that don’t need petabyte scale.
  • A data lake query engine: MotherDuck uses DuckDB to query your data where it sits as parquet, iceberg, or CSV files.
  • A serverless backend for data apps: Customers of SaaS applications like SaaSWorks and Dexibit need fast and fresh analytics on their data to make better decisions. Developers often tackle this with analytics queries running on the transactional database, which are not designed for the task. MotherDuck uses DuckDB to provide a better solution.

“We looked at various OLAP platforms that could serve our broad and demanding data platform that serves the modern CFO as we were hitting scale limits (price and performance) with Postgres on RDS. MotherDuck with DuckDB was by far the fastest – both in the cloud and run on our developer’s machines – bridging price and performance and greatly increasing productivity. We feel we have partnered with the future of Cloud and desktop-based OLAP providers with MotherDuck.” – Jim O’Neill, CTO & Co-Founder, SaaSWorks.

MotherDuck’s ecosystem also continues to grow. Following their initial product launch in June, the company announced 16 integrations with the platform. Today, MotherDuck is announcing 11 more: Cube, dltHub, Evidence, GoodData, Kestra, Metabase, InfinyOn, LlamaIndex, Sling, Streamlit, and Voltron Data. Airbyte will be available to users today, while integrations with Fivetran and Tableau are both underway.

“We are excited to partner with Jordan and the MotherDuck team as they build a platform designed to seamlessly blend speed and user-friendliness, thereby simplifying and making analytics widely accessible. Analysts clearly need the speed of working with data at the edge, as well as the flexibility to query cloud-based data. The era of serverless data analytics is here.” – Viviana Faga, General Partner, Felicis.

Marketing Technology News: Authenticating Our Way to Trusted Email Marketing

Picture of PRNewswire

PRNewswire

PR Newswire, a Cision company, is the premier global provider of multimedia platforms and distribution that marketers, corporate communicators, sustainability officers, public affairs and investor relations officers leverage to engage key audiences. Having pioneered the commercial news distribution industry over 60 years ago, PR Newswire today provides end-to- end solutions to produce, optimize and target content -- and then distribute and measure results. Combining the world's largest multi-channel, multi-cultural content distribution and optimization network with comprehensive workflow tools and platforms, PR Newswire powers the stories of organizations around the world. PR Newswire serves tens of thousands of clients from offices in the Americas, Europe, Middle East, Africa and Asia-Pacific regions.

You Might Also Like