Community update (1/24/18)

Timescale (100,000+ downloads, 9 months) raises $16M from Benchmark, NEA, Two Sigma Ventures

Hi friends,

Today we are excited to announce that Timescale, with over 100,000 downloads in 9 months, has raised $16M from Benchmark, NEA, Two Sigma Ventures, and prominent angels. With this financing, Benchmark’s Peter Fenton will join NEA’s Forest Baskett, and co-founders Mike and myself (Ajay), on the Timescale board.

Timescale raises $16M from Benchmark, NEA, Two Sigma Ventures for the database to help us understand our machines and our world
https://blog.timescale.com/raised-16m-from-benchmark-nea-to-understand-machines-time-series-data-iot-9eff8213c15c

Here’s the relevant tweet:
https://twitter.com/TimescaleDB/status/956172041178169345

I’m also including some press coverage below.

As always, we appreciate all of your support. And we are just getting started. :)

Please let us know if you have any questions, or if there is anything we can be helpful with.

Thanks!
Ajay, Mike, and the team

Select press coverage

Wall Street Journal: Benchmark Throws Support Behind Database Player Timescale
https://www.wsj.com/articles/benchmark-throws-support-behind-database-player-timescale-1516797000

TechCrunch: Timescale raises $12.4M to build a new breed of time series database software
https://techcrunch.com/2018/01/24/timescale-raises-12-4m-to-build-a-new-breed-of-time-series-database-software/

PEHub: Benchmark leads Series A funding of open source database company Timescale
https://www.pehub.com/2018/01/benchmark-leads-series-a-funding-of-open-source-database-company-timescale/

The Next Platform: It’s About Time For Time Series Databases
https://www.nextplatform.com/2018/01/25/time-time-series-databases/