Tembo, a Cincinnati, OH-based provider of a Postgres managed service for organizations to handle open-source database for transactional, analytical and AI workloads, raised $14M in Series A funding.
The round was led by GreatPoint Ventures with participation from Venrock, Grand Ventures, Wireframe Ventures, Defined Capital, Cintrifuse Capital, and angels.
The company intends to use the funds to expand operations and its development efforts.
Led by Founder and CEO Ry Walker, Tembo provides a managed service that enables organizations, from Fortune 500 to startups, to empower the open-source database Postgres for transactional, analytical and AI workloads across any cloud, anywhere. With it, customers get the open-source reliability and extensibility of Postgres with enhanced observability, compliance, and developer experience.
In the past six months, Tembo has grown rapidly, adding key executives from Fortune 500 companies and innovators in the data industry. This includes CTO Samay Sharma, who leads Product Strategy, David Wheeler, creator of pgxn who will head up the effort to merge Trunk and pgxn as well as Tembo’s involvement in the new pgEF foundation, Jason Peterson, who is joining Tembo as a Senior Engineer on the Stacks team, and Shaun Thomas, who will join Tembo as a Senior Engineer on the Cloud team.
FinSMEs
03/07/2024