# Red Planet Labs

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/red-planet-labs

- Industry: Software
- Headquarters: Poway, US
- Website: www.redplanetlabs.com
- Total disclosed funding: $5M
- Latest round: Seed (Apr 3, 2019)
- Investors on record: 3

## About

Red Planet Labs Inc. is a technology company specializing in a developer platform called Rama, aimed at simplifying the challenges of constructing and managing large-scale backend systems for various applications.Founded in 2013 and headquartered in Poway, US, Red Planet Labs Inc. focuses on providing innovative backend solutions. The company has undergone no major pivots and operates independently. Nathan Marz, the founder and CEO, has a notable background in tech startups. The firm has successfully raised USD 5.00 mn in total funding, including a Seed round in April 2019, with investors such as Initialized Capital, Kindred Ventures, and SciFi VC, indicating strong investor support.Red Planet Labs offers a developer platform named Rama, designed to streamline the complexities of building large-scale backend systems. It allows developers to create infinite data models that are composable and scalable, enabling tailored backend solutions without relying on multiple tools. Rama is utilized by a diverse range of clients, including Multiply, AfterHour, and Netcetera, for applications such as AI-powered collaboration platforms and stock trading chat services, and is available in North America and Europe across sectors like media, finance, and technology.Red Planet Labs generates revenue through a subscription-based model for Rama, offering free access for up to two nodes and tiered pricing for larger clusters. The firm primarily engages in B2B transactions, providing businesses with high-performance backend solutions that enhance operational efficiency and reduce infrastructure complexity through simple deployment and management processes.As of April 2019, following a Seed funding round that raised USD 5.00 mn, Red Planet Labs is focusing on expanding its product offerings and market reach. The company is developing new features for Rama and plans to launch these enhancements in the coming year. Additionally, there are intentions to penetrate additional markets, with a targeted expansion into Europe and Asia by late 2023. The recently secured funding will support these initiatives, bolstering development efforts and facilitating market entry.

## Funding rounds

- Seed, Apr 3, 2019, $5M — Initialized Capital, SciFi VC, Kindred Ventures

## Investors

- Initialized Capital (https://capitalatlas.ai/funds/initialized-capital) — Seed
- SciFi VC (https://capitalatlas.ai/funds/scifi-vc) — Seed
- Kindred Ventures (https://capitalatlas.ai/funds/kindred-ventures) — Seed