ParadeDB, a Postgres-native platform bringing advanced search and analytics directly into the open-source database, has raised $12 million in a Series A round led by Craft Ventures, with participation from Y Combinator and existing investors. Founded in 2023 by Philippe Noël and Ming Ying, ParadeDB eliminates the need to offload data to external systems like Elasticsearch by operating as a direct Postgres extension.
Initially developed to address real-world pain points encountered while building a previous startup, ParadeDB has gained traction with enterprise clients including Alibaba, Modern Treasury, and Bilt Rewards. The funding will support team growth and further development of its AI-powered analytics capabilities, as demand for Postgres-based AI infrastructure continues to rise.
Featured image: Credit: ParadeDB
