Phillip Merrick, a serial entrepreneur who co-founded or led three companies that have sold for a combined $1.2 billion, is back in the startup scene as the CEO and co-founder of a new open-source database company that’s he’s now bringing out of stealth mode.
The company, pgEdge Inc., which incorporated last fall in Alexandria, comes out the gate with a $9 million seed financing round led by Arlington venture firms Sands Capital Ventures and Grotech Ventures — and, Merrick said, prospects to grow bigger than any other company he’s led.
For reference, he said, he last helmed Frederick cloud security company Fugue, which sold last year after his departure to Boston-based Snyk in 2022 for more than $100 million. Before that, he was CEO of SparkPost, an email delivery company based in Columbia that was acquired by MessageBird for $600 million in 2021. And then there’s webMethods, the software company he co-founded in 1995 and shepherded through a 2000 initial public offering that saw a…
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