GERMANY – Timecho, a Stuttgart, Germany-based provider of IoT-native time-series solutions, raised over $10m in a first round of funding.
The round was led by Sequoia China and joined by Koalafund, Gobi China, and Cloudwise. The company intends to use the funds to accelerate R&D to help developers and companies best leverage the power of Apache IoTDB.Led by Dr. Xiangdong Huang, Founder, Timecho delivers IoT-native time-series solutions to satisfy the demands of mass data storage, fast reads and complex data analytics, enabling companies to leverage the value of time-series data with higher reliability at lower costs. The company will focus on providing solutions that will be more adaptable with high-end equipment, mass devices, computational-resource-limited platforms, and further scenarios.Based on Apache IoTDB, a top-level open-source project ranked seventh by commits (individual changes to files) in 2021 among all Apache projects, Timecho is technically capable of delivering foundational infrastructure that powers demanding industrial use cases. The team has over 40 patents and papers in time-series management journals including ICDE, SIGMOD, VLDB.29/06/2022
