We’re excited to announce a $40 million Series B investment, led by Redpoint Ventures with participation from all existing investors: Benchmark, New Enterprise Associates, Icon Ventures, and Two Sigma Ventures. Redpoint is no stranger to developer-centric businesses, having also backed Snowflake, Stripe, Twilio, Heroku, and many others, and we are thrilled to have them join the team. Satish Dharmaraj, Redpoint Managing Director, joins Timescale’s board. Combined with earlier rounds (2018, 2019), we have now raised over $70 million.
Every company today is either a software company, becoming a software company, or getting replaced by a software company. This trend is undeniable and often described in different ways: “digital transformation”, “software eating the world”, etc.
Developers are the vanguard of this transformation. And as computing continues to get more powerful, and storage even cheaper, developers are able to collect data at higher fidelities than before, measuring everything that matters to them, perpetually building radically better product experiences.
At Timescale, we are dedicated to serving developers worldwide, enabling them to build exceptional data-driven products that measure everything that matters: software applications, industrial equipment, financial markets, blockchain activity, consumer behavior, machine learning models, climate change, and more. Analyzing this data across the time dimension (“time-series data”) enables developers to understand what is happening right now, how that is changing, and why that is changing…
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