Reactive Programming Startup Espresso Logic Snags $1.6M Funding for Industry First Backend Service
Reduces SQL backend development time from months to days for mobile and web apps
- Inventus Capital and other key Silicon Valley investors led funding
- Create RESTful server for SQL database in minutes versus days
- Enterprise class API created in minutes for exposing corporate database
- Row/column level security and access control based on roles
- Excel or Google Docs user can access SQL databases in real-time
SANTA CLARA, Calif., Nov. 7, 2013
SANTA CLARA, Calif., Nov. 7, 2013 /PRNewswire/ -- Espresso Logic today announced that it has secured $1.6 million in seed funding from Inventus Capital and other key Silicon Valley angel investors to launch the industry's first reactive logic programming-based database backend as a service. Espresso provides an instant RESTful server for developers to connect web and mobile applications to external databases including MySQL, Oracle Server and Microsoft SQL Server. Enterprise developers can now use the Espresso Designer to securely manage access to database rows and columns based on individual roles. Just register and you can start using it right away – no downloads or configuration.
Reactive or asynchronous programming is one of the hottest emerging trends of 2013, with companies like Netflix and Facebook voicing support for this new programming paradigm oriented towards data flows and change management. The concept was first applied to spreadsheets to simplify financial programming and it quickly spread to other use-cases and environments. Espresso Logic is the first to apply this technique to backend business logic, which dramatically reduces programming time, maintenance and documentation efforts.
Inventus Capital led the funding along with angel investors including Raju Reddy (advisor Hitachi Systems), Lee Nackman (previously with IBM, Hewlett Packard, Microsoft), Gokul Rajaram (Square, Facebook, Google) and Anurag Jain (previously with Dell).
"We fund strong teams, as much as innovative ideas – and there's a reason this isn't the first time we've invested in this founding team," said Kanwal Rekhi, Managing Partner at Inventus Capital Partners. "This group of entrepreneurs has built systems that are already in use today by many huge companies and their newest breakthrough technology will create countless new opportunities for backend developers around the world."
Beta Companies: Programming Time from Months to Days
Leading up to the launch, select companies have been testing Espresso Logic software in their environments and all reported significant acceleration in their development projects.
"Faced with the daunting task of developing a server solution for handling sensitive information, and having very little time to implement it, I was very happy to discover that Espresso could automate most of the work for me," said Nico teWinkel of Project Nocturne, a social welfare mobile application for iOS environments. "Getting started was simple too – the only thing I needed to do was sign up for an account and voila – an instant REST environment."
Espresso's Key Features
The Espresso Logic service includes the following:
Database Registration – Get RESTful resources for base tables of your DB
Security – Define row/column level security
Pricing and Availability
Espresso is available now with support for MySQL (5.5 and 5.6), Oracle Server (10G through 12C) and Microsoft SQL Server (2008 through 2012). A shared server version is available for free, with dedicated server starting at $50/month.
Just register and you can start using it right away – no downloads or configuration required.
About Espresso Logic
Espresso Logic Inc., based in Silicon Valley, offers the industry's first reactive logic programming based database backend as a service that reduces development time from months to days for mobile and web developers. The company is funded by leading angel investors and Inventus Capital.