The founders built some of the world’s largest databases while at Dropbox. Now, their business to bypass databases is worth $128 million.
Dropbox, where they built databases to handle the company's large swaths of data.For the better part of the last decade, the founders of developer software startup Convex worked at Dropbox, where they helped pull off the staggering feat of migrating billions and billions of gigabytes of user files from Amazon’s cloud onto an internal system they built. Now, they’ve grown weary of the limits of that technology.
Seizing on a wave that last year propelled Netlify and Vercel to billion-dollar valuations, Convex has an idea to simplify web development beneath the hood—often, a patchwork of databases and servers—by no longer relying on databases at all. The San Francisco-based startup announced on Wednesday that it had raised $25.7 million in a Series A funding round led by Andreessen Horowitz, with participation from Netlify and existing investors including Neo and solo investor Elad Gil.
Web development has become more accessible by the emergence of Netlify and Vercel, which make software that separates the front end programming from the back end. That means developers can now make websites and apps without proficiency under the hood. Still, behind-the-scenes engineers are necessary to ensure the customer-facing product is running properly.
Convex’s software is meant to give frontend engineers some backend capabilities by taking care of one difficult backend task—managing the “state” of an app. Casado gives an example: consider a chess app in which two individuals are facing off, one from Europe and another in the United States. The app must display to both users the shared chessboard, statistics and other features in real time by transmitting data across the globe so that the “state” is properly aligned.
Turner and Dropbox teammates James Cowling and Sujay Jayakar launched the company in late 2020 and announced their Neo-led seed financing last November in a “party round” with some 80 angel investors, including Casado. The Series A comes while the company is still pre-revenue with a product undergoing beta testing, which Turner says is currently open to hundreds of developers, most of them “enthusiasts” or “hobbyists” working on side projects.
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