Total amount raised
$1 Billions
Latest funding date
2/1/2022
Location
Timescale has successfully raised significant funding through multiple rounds, with notable investors such as New Enterprise Associates and Icon Ventures backing the company. The platform offers enhanced PostgreSQL solutions optimized for time series, events, and real-time analytics.
Keep reading to explore the intricacies of Timescale's fundraising journey and the investors supporting this innovative platform.
What Is Timescale?
Founded in 2015 by Ajay Kulkarni and Michael Freedman, Timescale is headquartered in New York, New York. The company specializes in enhancing PostgreSQL for time-series, events, and real-time analytics.
Timescale's platform is designed to serve software developers and businesses worldwide, enabling them to build the next wave of computing. The company offers a reliable PostgreSQL cloud service optimized for various workloads, including AI applications.
With a workforce of 101-250 employees, Timescale continues to innovate and expand its offerings, providing tools for fast data ingest, querying, and storage, along with comprehensive support services.
How Much Funding Has Timescale Raised?
- Seed Round
- Amount Raised: $3.7M
- Date: January 2016
- Lead Investors: New Enterprise Associates
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart the development of their PostgreSQL-based time-series database.
- Non-Equity Assistance
- Date: June 2015
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To receive initial support and resources for early-stage development.
- Series A
- Amount Raised: $12.4M
- Date: January 2018
- Lead Investors: Benchmark
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the team and accelerate product development.
- Series A
- Amount Raised: $15M
- Date: January 2019
- Lead Investors: Icon Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance the platform's capabilities.
- Series B
- Amount Raised: $40M
- Date: May 2021
- Lead Investors: Redpoint
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further invest in product development and expand market reach.
- Series C
- Amount Raised: $110M
- Date: February 2022
- Lead Investors: Tiger Global Management
- Valuation at Round: Over $1B
- Motivation Behind the Round: To fuel growth, invest in R&D, and expand community and customer support.
Total Amount Raised: $181.1M. Current Valuation: Over $1B.
Key Investors
- Benchmark
- Details: Benchmark is a venture capital firm known for its early-stage investments in technology startups. The firm has a strong track record of backing successful companies in their formative years.
- Investment Focus Areas: Technology, software, internet sectors.
- Notable Investments: Uber, Twitter, Snapchat.
- New Enterprise Associates (NEA)
- Details: NEA is one of the world's largest venture capital firms, investing in technology and healthcare sectors. The firm has a global presence and a diverse portfolio.
- Investment Focus Areas: Technology, healthcare, software.
- Notable Investments: Coursera, Duolingo, Robinhood.
- Redpoint Ventures
- Details: Redpoint Ventures focuses on early and growth-stage investments in technology companies. The firm has a history of supporting innovative startups.
- Investment Focus Areas: Technology, software, internet sectors.
- Notable Investments: Netflix, Stripe, Twilio.
- Icon Ventures
- Details: Icon Ventures specializes in mid-stage technology investments. The firm aims to support companies that are poised for significant growth.
- Investment Focus Areas: Technology, software, healthcare.
- Notable Investments: FireEye, Palo Alto Networks, Proofpoint.
- Tiger Global Management
- Details: Tiger Global is a leading global investment firm that focuses on public and private companies. The firm has a strong presence in the technology sector.
- Investment Focus Areas: Technology, software, consumer, financial technology.
- Notable Investments: Facebook, LinkedIn, Spotify.
What's Next for Timescale?
Timescale stands at the cusp of significant growth, driven by the explosive rise of time-series data. With a recent $110 million Series C funding round, the company is poised to invest heavily in product development, engineering, and R&D. The opportunities are vast, with the company already serving over 500 paying customers and tens of thousands of other organizations. The growing importance of IoT, IT observability, and web3/crypto applications further amplifies the potential for Timescale to expand its market reach.
Future fundraising opportunities seem promising, given the company's rapid growth and valuation now exceeding $1 billion. However, Timescale will need to navigate challenges such as performance and scaling issues, competition from other database solutions, and maintaining high reliability and versatility. As the company continues to innovate, it may also explore strategic acquisitions to enhance its technology stack and market presence.
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