With new serverless database, Cloudflare takes infrastructure services seriously – TechCrunch
When AWS launched its storage offering in 2006, it began a march to offer cloud computing, storage, and database services. Google, Microsoft, Alibaba and IBM, among others, would follow. One player that may not be a priority in this market is Cloudflare, but with today’s announcement of a new SQL database service, it’s getting more serious about being a cloud infrastructure player. .
In a blog post announcing the new product, the company described the database as follows:
D1 is built on SQLite. Not only is SQLite the world’s most ubiquitous database, used by billions of devices daily, but it’s also the first-ever serverless database. Surprised? SQLite was so ahead of its time that it dubbed itself “serverless” before the term came to be connoted with cloud services, and originally literally meant “not involving a server”.
Cloudflare helps businesses run their websites securely and quickly, and as part of that, they have data centers across the world. Starting in 2017, when it launched the Cloudflare Workers platform, the company began making compute on its vast network available to developers.
Last year, it announced a new storage product dubbed R2, which was a small nod to Amazon’s S3 storage product. As CEO and co-founder Matthew Prince told me at launch:
“We thought if we could create a storage solution that had all the functionality of other storage solutions, that leveraged our global network to be extremely capable, and that we could also price it in a very attractive to customers. [we should do it],” he said.
When you put all three together, you get a complete compute, storage, and database package that lets developers build complete solutions on top of Cloudflare’s vast network of hardware.
The cloud infrastructure market reached $53 billion last quarter, according to Synergy Research. Amazon controls a third of this amount. Microsoft was second with 22% and Google Cloud third with around 10%. While the Big 3 hold 65% of the market, that still leaves billions of dollars for companies at the bottom of the market.
With over 200 data centers worldwide, Cloudflare may never tackle the Big 3, but it can build substantial business on top of its other services, which could be good for the company’s growing revenue. company.
Cloudflare debuted in 2010 at TechCrunch Disrupt Battlefield. The company raised more than $330 million before going public in 2019. In its latest earnings report earlier this month, the company said revenue of $212.2 million, up 54% compared to the period of the previous year.