It’s the golden age of databases. It can’t last.

It’s a great time to be a database company. Money is flowing into the sector in historic amounts, creating a rush of new startups that command huge valuations. In 2020, startups developing traditional databases, which couple the processing engine with storage, took in $2.3 billion in funding across 54 deals, up from $849 million in 2019, according to data from CB Insights. That number doesn’t even encompass the newer entities that are decoupling compute from the repositories.

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