USA – Timescale, the NYC-based creators of TimescaleDB – a relational database for time-series, raised $40m in Series B funding.
The round was led by Redpoint Ventures with participation from existing investors Benchmark, New Enterprise Associates, Icon Ventures, and Two Sigma Ventures. In conjunction with the funding, Satish Dharmaraj, Redpoint Managing Director, joined Timescale’s board. The company, which has now raised over $70m, intends to use the funds to invest in its suite of products, including its cloud-native relational database for time-series, new features to manage petabyte-scale deployments, and an observability platform for developers. Led by Ajay Kulkarni, founder and CEO, Timescale develops TimescaleDB, an open-source relational database for time-series data, and offers fully-managed TimescaleDB and related database services to measure software applications, industrial equipment, financial markets, blockchain activity, consumer behavior, machine learning models, climate change, and more. The Timescale community now runs over 2 million active databases every month.05/05/2021
