Timescale Raises $110 Million in Series C  

by Kay Aloha Villamor in February 24th, 2022

Timescale, a New York-based creator of TimescaleDB, the industry-leading relational database for time-series, announce that it raised $110 million in Series C funding, now valued at over $1 billion, and raised over $180 million to fuel its growth.

The round was led by Tiger Global, alongside all existing investors: Benchmark, New Enterprise Associates, Redpoint Ventures, Icon Ventures, and Two Sigma Ventures

With this new round of financing, Timescale is accelerating towards this vision: investing in the product, engineering, R&D; serving our community, customers, and developers worldwide; and growing our amazing team.

Company: Timescale, Inc.

Raised: $110.0M

Round: Series C

Funding Month: February 2022

Lead Investors: Tiger Global

Additional Investors: Benchmark, New Enterprise Associates, Redpoint Ventures, Icon Ventures, and Two Sigma Ventures

Company Website: https://www.timescale.com/

Software Category: Time Series Databases (TSDB)

About the Company: Timescale is the creator of TimescaleDB, the industry-leading relational database for time-series. Tens of thousands of organizations trust TimescaleDB today with their mission-critical time-series applications. The company is dedicated to serving software developers and businesses worldwide, enabling them to build exceptional 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. Analyzing data across the time dimension ("time-series data") enables developers to understand what is happening right now, how that is changing, and why that is changing. Timescale is a remote-first company with a global workforce. In the past two years, Timescale has seen 7x community growth and 20x revenue growth. 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.

Source: https://www.timescale.com/blog/year-of-the-tiger-110-million-to-build-the-future-of-data-for-developers-worldwide/

 

 


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