Timescale raises $12.4M to build a new breed of time series database software [TechCrunch Blog]
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Source: TechCrunch Blog
Timescale raises $12.4M to build a new breed of time series database software Businesses are gathering more and more information than they ever have before, whether it’s a manufacturer or a bank, and to Timescale CEO Ajay Kulkarni the existing database software soon won’t provide the horsepower they need. That’s why he and CTO Mike Friedman started Timescale , a new open source time series database software. The idea is that businesses increasingly need ways to divine insights from the data they gather, whether that’s from sensors in a power plant to financial transactions — and they need to do it in real time without room for error. Timescale hopes to build out a new kind of database software that will feel familiar to developers but offer that kind of capability, and then look to build a business on top of that. To do that, Timescale has raised $12.4 million in a new round of financing led by Benchmark Capital, with NEA and Two Sigma Ventures participating, with Benchmark’s Peter Fe
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