A seed funding round of $3.7M (led by NEA) and $12.4M in a Series A funding, has now brought the total of Timescale funding to over $16M. The Series A round was led by Benchmark. Also participating investor were NEA, Two Sigma Ventures, the CEOs/founders of Hortonworks, Cloudflare, Data Domain, Nicira, Barefoot Networks, Grand Central Tech, Right Media, Moat, Segment, and Cockroach Labs.

The funds raised will be put to use towards helping developers, businesses, and society manage the large amount of data generated by machines, specifically designed for scale, ease of use, complex queries.

Ajay Kulkarni co-founded the company with Mike Freedman.

“Timescale has struck a nerve with the open source community by seeing the need for a new kind of time series database at just the right moment in time. At Benchmark we’ve seen time and again that this kind of community and adoption around a project in the early days can lead to transformative businesses, and I look forward to working side-by-side with Mike and Ajay on this journey”, said Peter Fenton, General Partner, Benchmark.

Read the full story: http://bit.ly/2C0G4bU 

Website Link: http://www.timescale.com

(Image credit: Timescale)