SaaS needs a new data system. That's the driving idea behind Nile, a startup that aims to create this data system with serverless Postgres at its core.

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Nile raises $11.6M in seed funding to build a Postgres-powered data layer for SaaS applications. Nile aims to solve the problem of multi-tenancy in SaaS applications by providing a data solution with built-in support for multi-tenancy as its core feature. They chose Postgres as their core database solution due to its popularity and extensibility. Nile also offers additional features such as user management, customer dashboards, and vector embeddings for AI use cases.