Timescale gets $40M Series B as it goes all in on cloud version of time series database
Timescale, makers of the open-source TimescaleDB time series database, revealed a $40 million Series B funding round today. The financial investment comes simply over two years after it got a $15 million Series A. Redpoint Ventures led today’s round, with aid from existing financiers Benchmark, New Business Associates, Icon Ventures and Two Sigma Ventures. The company […] , makers of the open-source TimescaleDB time series database, revealed a $40 million Series B funding round today. He says that the option to build their database on top of Postgres when it launched four years earlier was a key decision. The neighborhood approach is working to draw in users, with over 2 million monthly active databases, some of which the business is wagering will transform to the cloud service over time. …
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