USA – TileDB, Inc., a Cambridge, MA-based database company, received a strategic investment from Verizon Ventures.
The amount of the deal was not disclosed. Verizon joined recent investments from Lockheed Martin Ventures, AMGEN Ventures and NTT Docomo Ventures. The company intends to use the funds to accelerate the development of advanced features of its universal database and to scale go-to-market functions.Led by Stavros Papadopoulos, Founder and CEO, TileDB offers a universal database that uses multi-dimensional arrays to model and store any type of data on any backend (in the cloud or on-prem) and analyze it with any programming language and tool. It consists of TileDB Embedded, an open-source storage engine for arrays, and TileDB Cloud, a universal database that offers secure governance, and serverless distributed compute, along with data, code & model sharing for highly performant analysis and ease of collaboration.TileDB, Inc. was spun out of MIT and Intel Labs in May 2017 and is backed by Two Bear Capital, Nexus Venture Partners, Uncorrelated Ventures, Intel Capital and Big Pi.18/05/2022
