Rhea-AI Summary
pgEdge, Inc. has launched the first fully distributed database optimized for network edge applications based on open-source PostgreSQL. The launch is supported by $9M in seed funding led by Sands Capital Ventures and Grotech Ventures. pgEdge's Distributed PostgreSQL allows low latency and high availability in global application deployments, addressing data residency requirements without code changes. It is suitable for various industries, including e-commerce and SaaS, aiming to reduce load times and costs associated with proprietary databases. pgEdge Cloud is currently in a limited beta phase, with its platform available for self-hosting.
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