Timescale, a New York-based creator of TimescaleDB, a relational database for time-series, raised $110M in Series C funding at a valuation of over $1 billion.
The round was led by Tiger Global with participation from all existing investors Benchmark, New Enterprise Associates, Redpoint Ventures, Icon Ventures, and Two Sigma Ventures.
The company intends to use the funds to increase investments in product, engineering, R&D; broadened efforts in serving the Timescale community, customers, and developers worldwide; and grow the team.
Timescale is dedicated to its mission to build a data platform for developers, enabling businesses to build exceptional data-driven applications on top of time-series data.
Timescale is the creator of TimescaleDB, a relational database for time-series. Tens of thousands of organizations use TimescaleDB to build data-driven products that measure everything that matters: software applications, industrial equipment, financial markets, blockchain activity, consumer behavior, machine learning models, climate change, and more.
The company today serves over 500 paying customers and tens of thousands of other organizations using TimescaleDB in the community, including companies like Akamai, Cisco WebEx, Comcast, DigitalOcean, GE, IBM, Microsoft, Pfizer, Samsung, Schneider Electric, Uber, Walmart, and others.
FinSMEs
22/02/2022