Timescale has raised $177 million in funding across multiple rounds, with its latest $110 million Series C in February 2022 led by Tiger Global Management, bringing its valuation to $1 billion. Founded by Ajay Kulkarni and Michael Freedman, Timescale provides an open-source time-series SQL database built on PostgreSQL. The platform helps developers and enterprises handle high-speed data ingestion and complex queries for real-time analytics. Backed by investors such as Benchmark, NEA, Redpoint Ventures, and Tiger Global, Timescale continues to push innovation in database performance and scalability.
What Is Timescale and What Does It Do?
Timescale, founded in 2015 by Ajay Kulkarni and Michael Freedman, is headquartered in New York City, United States.
The company provides an open-source time-series SQL database purpose-built for fast ingestion and complex queries. Timescale enhances PostgreSQL with advanced features like hyper-table partitioning, relational joins, and continuous aggregations enabling developers to analyze billions of rows efficiently.
With a team of 101-250 employees, Timescale powers data-intensive applications in industrial analytics, IoT, financial monitoring, and geospatial tracking, empowering engineers to build scalable, reliable, and real-time data systems.
How Much Funding Has Timescale Raised?
1. Seed Round
- Amount Raised: $3.7M
- Date: Jan 2016
- Lead Investors: New Enterprise Associates (NEA)
- Motivation: To develop a production-grade time-series database on PostgreSQL.
2. Series A
- Amount Raised: $12.4M
- Date: Jan 2018
- Lead Investors: Benchmark
- Motivation: To accelerate team expansion and enhance product capabilities.
3. Series A
- Amount Raised: $15M
- Date: Jan 2019
- Lead Investors: Icon Ventures
- Motivation: To scale operations and strengthen the database’s feature set.
4. Series B
- Amount Raised: $40M
- Date: May 2021
- Lead Investors: Redpoint Ventures
- Motivation: To expand globally and invest in engineering and product R&D.
5. Series C
- Amount Raised: $110M
- Date: Feb 2022
- Lead Investors: Tiger Global Management
- Motivation: To fuel growth, advance R&D, and strengthen customer and community support.
Total Funding Raised: $177 Million
Current Valuation: $1 Billion (as of February 2022)
Latest Funding Date: Feb 2022
Key Investors
1. Benchmark
- Details: Benchmark is an early-stage venture capital firm investing in transformative technology startups.
- Investment Focus Areas: Technology, software, internet.
- Notable Investments: Uber, Twitter, Snapchat.
2. New Enterprise Associates (NEA)
- Details: One of the world’s largest venture capital firms, NEA invests in technology and healthcare sectors globally.
- Investment Focus Areas: Technology, healthcare, software.
- Notable Investments: Coursera, Duolingo, Robinhood.
3. Redpoint Ventures
- Details: Redpoint focuses on early and growth-stage technology companies with innovative data solutions.
- Investment Focus Areas: Technology, software, internet.
- Notable Investments: Netflix, Stripe, Twilio.
4. Icon Ventures
- Details: Icon Ventures specializes in mid-stage investments for scaling technology firms.
- Investment Focus Areas: Technology, software, healthcare.
- Notable Investments: FireEye, Palo Alto Networks, Proofpoint.
5. Tiger Global Management
- Details: Tiger Global is a global investment firm backing technology-driven companies across stages.
- Investment Focus Areas: Technology, consumer, software, fintech.
- Notable Investments: Facebook, LinkedIn, Spotify.
Where Is Timescale’s Headquarters?
Timescale is headquartered in New York City, United States, a major hub for enterprise technology and financial services. This location gives Timescale access to top technical talent, major enterprise clients, and strategic partners across the global software and analytics ecosystem.
What’s Next for Timescale?
Timescale is positioned to capitalize on the explosive growth of time-series and real-time data across sectors like IoT, observability, and Web3. With over 500 paying customers and a vibrant open-source community, the company plans to expand its managed cloud offerings, enhance developer experience, and integrate AI-driven data analysis. Backed by strong investor confidence, Timescale aims to redefine data infrastructure for the next generation of applications.
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