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Or observing every action that a user takes in a software application, and the performance of the infrastructure underlying that application, to help resolve support issues and increase customer happiness.Īs computing continues to get more powerful, and storage gets even cheaper, developers are able to collect data at higher fidelities than before, enabling them to build radically better data-driven product experiences and businesses. Or tracking streaming metrics to identify popular music and artists. This might be measuring the temperature and humidity of soil to help farmers combat climate change. But also because we saw businesses in every industry starting to collect time-series data to build exceptional data-driven products and product experiences. We saw that time-series data was becoming ubiquitous, in part because of major trends like the rise of IoT / machine data, IT observability, and more recently, web3 / crypto applications. This was our thesis when we launched Timescale 5 years ago. (And yep, the Timescale Tigers raised money from Tiger Global during the Year of the Tiger 🐯🐯🐯🦄🚀💥. In the past two years, Timescale has seen 7x community growth and 20x revenue growth, with over 500 paying customers and tens of thousands of other organizations using TimescaleDB in the community today. With this funding, Timescale is now valued at over $1 billion, and combined with earlier rounds ( 2018, 2019, 2021 ), has raised over $180 million to fuel its growth. Timescale just raised $110 million in our Series C, led by Tiger Global alongside all existing investors: Benchmark, New Enterprise Associates, Redpoint Ventures, Icon Ventures, and Two Sigma Ventures.
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