FaunaDB Shuts Down, Going Open Source After $27M in Funding

FaunaDB, a database startup that raised $27 million in funding, announced it will shut down its service at the end of May, transitioning to an open-source model. The company, boasting 25,000 developers using its serverless database which combined relational power and document flexibility, cited the capital-intensive nature of scaling a global database service and the current market environment as reasons for the shutdown. Existing customers will be transitioned off the service over the coming months. The open-source release will include the core database technology, supporting JSON documents with relational features like joins, foreign keys, and schema enforcement, along with its FQL query language. Some observers suggest that an open-source approach from the beginning might have led to greater success.