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pgEdge, Inc. Secures Strategic Investments from Akamai and QRT, Strengthening the Future of Distributed PostgreSQL for High Availability and Edge Computing

pgEdge, Inc. Secures Strategic Investments from Akamai and QRT, Strengthening the Future of Distributed PostgreSQL for High Availability and Edge Computing

March 24, 2025 Craig Etkin

ALEXANDRIA, Va., March 11, 2025 /PRNewswire/ — pgEdge, Inc., the industry leader in distributed PostgreSQL solutions, today announced that it has secured strategic investments from Akamai Technologies, Inc., the cybersecurity and cloud computing company that powers and protects business online, and Qube Research & Technologies (QRT), a leading investment management firm. Existing investors Rally Ventures and Sands Capital also participated in the funding. These investments bring pgEdge’s total seed stage funding to $23 million, further fueling its growth and innovation in distributed PostgreSQL solutions to deliver high availability and low latency for mission-critical applications.

“pgEdge’s capability to provide geo-distributed PostgreSQL databases at or near the network edge for low data latency and high availability is highly complementary with how Akamai enables organizations to deploy stateful applications at the network edge on its distributed cloud,” said Michael Merideth, Chief Architect, Office of the CTO, Akamai.

“QRT was an early customer of pgEdge and we are excited to further cement our relationship with this investment,” said Nick Harris, CTO of QRT.

“These investments are a terrific validation of the value of pgEdge Distributed PostgreSQL,” said Phillip Merrick, Co-Founder and CEO of pgEdge. “We are delighted to see QRT strengthen their partnership with us, and equally excited to collaborate with Akamai on advanced solutions in edge computing and edge AI.”

pgEdge is the only fully distributed PostgreSQL database that is both open (source available) and entirely based on standard PostgreSQL. According to the 2024 Stack Overflow survey, PostgreSQL remains the top database choice among developers. pgEdge’s multi-master (active-active) replication technology, designed to operate across geographic regions and multi-cloud environments, delivers high availability and significantly reduced data latency for edge computing and edge AI applications.

About pgEdge

pgEdge, the leading company dedicated to distributed Postgres, is on a mission to make it easy for developers to build and deploy highly distributed database applications across global networks. Founded by industry veterans with decades of PostgreSQL expertise, pgEdge is headquartered in Northern Virginia. Its customers include prominent enterprises such as Bertelsmann, Qube RT, Jobot, European Parliament, and several U.S. government agencies. pgEdge’s investors include Rally Ventures, Sands Capital Ventures, Grotech Ventures, Sand Hill East, Akamai Technologies, Inc. and Qube Research & Technologies. Learn more at pgedge.com and pgedge.com/blog or follow pgEdge on LinkedIn or X.

SOURCE pgEdge

Copyright © 2025 Cision US Inc.


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Fabric, a leader in care delivery and consumer experience, has announced the acquisition of UCM Digital Health (UCM), a leading digital health and telehealth provider. The acquisition expands Fabric's services to about 400 new employer and payer customers, adding one million covered lives. Fabric now serves over 75 health systems, 30,000 employers, and over 100 million lives across all 50 states. This marks Fabric’s fifth acquisition in less than three years, underscoring its strategic build-and-buy approach to unify the fragmented digital health landscape. By expanding its footprint in the payer and employer markets, Fabric is extending its comprehensive care access and experience platform paired with its nationwide provider network to streamline virtual-first care, expand access, improve efficiency and outcomes, and reduce both medical and overhead costs.

In a statement Aniq Rahman, CEO and Founder of Fabric said, "For Fabric, it’s about making healthcare more accessible.” “We’ve already made meaningful progress in the payer and employer markets, and this acquisition allows us to deepen that impact. By bringing more payers and employers onto our platform, we’re creating a connected experience that streamlines workflows, reduces friction and costs, and ultimately drives better outcomes for members and our partners." Moving forward, the 400 payers and employers served by UCM will transition to Fabric’s expanded technology and clinical network, gaining access to enhanced omnichannel patient experiences that improve efficiency before, during, and after virtual care. Through Fabric’s nationwide provider network, patients can receive a treatment plan for most common medical conditions in just five minutes or connect with a behavioral health provider within three days.

Fabric is a health tech company on a mission to solve healthcare’s access problem. Fabric’s integrated care platform offers personalized guidance, streamlines workflows, and unifies experiences across virtual and in-person care. Its solutions support care delivery from a patient’s first search to post-treatment follow-up using its proprietary Hybrid AI that combines conversational AI and physician-built clinical logic. Together with a nationwide network of medical and behavioral health providers, Fabric is realizing its vision of providing care for everyone, everywhere. The company advances connected delivery that improves access, outcomes, and equity across every stage of the patient journey. Today, Fabric serves 30,000 employers, payers, and enterprise organizations, including OSF HealthCare, MUSC Health, Highmark, and Intermountain Health. Fabric is backed by General Catalyst, Thrive Capital, GV (Google Ventures), Salesforce Ventures, Vast Ventures, BoxGroup, and Atento Capital.
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Flex has closed a $60 million Series B equity round led by Portage, bringing total equity raised to $105 million. In the last year, the company has quadrupled revenue and tripled its payments volume to $3 billion as it scales its all-in-one business and personal finance platform for high-net-worth middle-market business owners. Running a profitable middle-market business has become one of the most complex financial jobs in America, with owners often juggling more than ten disconnected systems to manage their money. Flex was created to give these high net worth owners a single place to run both their business and personal finances. This latest $60 Million equity round, followed by its $200 Million debt and $25 Million equity raise announced earlier this year, builds on a period of rapid hypergrowth. In just 12 months, Flex has grown revenue fourfold and increased annualized total payments volume from $1 billion to $3 billion across a suite of products, positioning Flex as one of the fastest-growing fintech companies at scale with best-in-class capital efficiency.

Flex is building the category-defining company solving this gap for high net worth business owners with a five-pillar strategy built around private credit, a business finance stack, a personal finance stack, payment solutions, and an ERP built for middle market businesses. These customers now use an average of four or more Flex products. Flex’s Business Credit Card, which provides 60-day float on every transaction, has been a major driver of adoption, acting as the wedge into deeper financial operations. Once owners experience the benefits of the Flex Credit Card, they often go on to adopt Flex’s banking, payments, working capital, and expense management tools to replace fragmented legacy systems. This integrated model has allowed Flex to scale with high efficiency and has created a strong foundation for its expansion into personal finance.

Launched in 2023, Flex a Flexbase Technologies brand is the AI Native “Private Bank” for high net worth business owners in the middle market. Flex is building the category-defining company solving this gap for high net worth business owners with a five-pillar strategy built around private credit, a business finance stack, a personal finance stack, payment solutions, and an ERP built for middle market businesses. Flex is the first platform that supports every step of their financial lives, from the moment they earn revenue to the moment they spend it personally.
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Across the United States, a new industrial age is taking shape. Trillions of dollars in infrastructure, from energy projects and advanced manufacturing to data centers and critical mineral facilities, must be built in the next decade. But large construction projects are slower and more expensive today than they were half a century ago. Unlimited Industries, a California-based company using AI to rethink how infrastructure gets built, has raised $12 million in seed funding to change that. The round was co-led by Andreessen Horowitz and CIV, with participation from leading industry investors. The capital will accelerate Unlimited’s expansion and further develop its proprietary AI platform – one designed to make large-scale engineering and construction faster, cheaper, and more ambitious.

Unlike traditional construction firms or standard software companies, Unlimited is an AI-native construction company that both designs and builds. Its proprietary platform can generate and evaluate hundreds of thousands of design configurations in parallel, automatically identifying optimal layouts for cost, safety, and performance before construction begins. By integrating AI-driven design with its own vertically integrated engineering and construction teams, Unlimited eliminates the costly handoffs and misaligned incentives that have defined the industry for decades.

In a statement Alex Modon, Co-Founder and CEO of Unlimited Industries said, “Advances in AI mean we can finally build the physical world the way we build software.” “The traditional construction model is slow, brittle, and fundamentally misaligned. Our approach replaces static design choices with a dynamic, data-driven process that learns from every project. The result is faster, cheaper, and more successful projects.”

Unlimited is an AI-native construction company headquartered in San Francisco. Today, the company designs and builds across energy infrastructure, data centers, critical minerals, and advanced manufacturing, helping developers build with greater speed, ambition, and efficiency. Their mission is to build a future of radical physical abundance by automating construction end-to-end. The company was founded in 2025 by serial founders Alex Modon, Jordan Stern, and Tara Viswanathan.
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