Ajay Kulkarni’s (SLP Boston, 2009) Timescale Grabs $40M Series BMay 14, 2021, 6:02 a.m.
Timescale are makers of the open-source TimescaleDB time series database that lets users measure data across a time dimension - so anything that would change over time.developers of a new open-source time-series database optimized for fast ingest and complex queries, and fully compatible with PostgreSQL.
While the company has an open-source version, last year it decided rather than selling an enterprise version (as it had been), it was going to include all of that functionality in the free version of the product and place a bet entirely on the cloud for revenue.
Redpoint Ventures led the round, with help from existing investors Benchmark, New Enterprise Associates, Icon Ventures and Two Sigma Ventures. The company has now raised approximately $70M.
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