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About Timescale
Industries
Data & Analytics
Enterprise Software
Company Size
51-200
Company Stage
Series C
Total Funding
$184.8M
Headquarters
New York City, New York
Founded
2015
Overview
Timescale manages time series data with its main product, TimescaleDB, an open-source database built on PostgreSQL. It allows clients in industries like IoT and financial services to efficiently analyze large volumes of data recorded at specific time intervals. Timescale offers both on-premise and cloud-based solutions, providing flexibility for different business needs. The company aims to transform how businesses handle time series data by focusing on scalability and user-friendliness.
Simplify's Take
What believers are saying
- Growing interest in serverless Postgres solutions presents a market opportunity for Timescale.
- The strategic rebranding aligns with the industry's shift towards cloud computing.
- Collaboration with PopSQL could increase TimescaleDB adoption among developers.
What critics are saying
- Increased competition from Neon could threaten Timescale's market share.
- Rapid growth of serverless solutions may challenge Timescale's traditional offerings.
- Rebranding as a cloud-first company may create transitional challenges affecting customer perception.
What makes Timescale unique
- TimescaleDB is built on PostgreSQL, ensuring reliability and operational efficiency.
- Timescale offers both on-premise and cloud-based solutions for versatile business needs.
- The company provides a freemium model, attracting a large user base with open-source access.
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Funding
Total Funding
$184.8M
Above
Industry Average
Funded Over
4 Rounds
Tiger Global
Benchmark
New Enterprise AssociatesIndustry standards
Growth & Insights and Company News
6 month growth
↑ 1%1 year growth
↑ 0%2 year growth
↓ -3%To adequately measure the relative performance of real-time analytics databases, Timescale today released a real-time analytics benchmark dubbed RTABench.
The PopSQL team joins Timescale to help build the best PostgreSQL developer experience for the cloud era.
Over the past 12 months, she has played a decisive role in a number of investments, including a $20 million Series A funding round for Draftea, a fantasy sports platform for Spanish speakers, and a $25 million investment in Timescale, an open source, time-series database company.
Updated Identity Aligns with New Chapter of Cloud Era and Future of ComputingNEW YORK, May 17, 2023 /PRNewswire/ -- Today, Timescale , the cloud data platform company, announced a strategic move to reposition itself in the market, reflecting the significant transformation taking place within the organization. The repositioning includes a refreshed visual identity, an updated website, and product restructuring. It lays the foundation for future product innovation designed to better serve its customers and the developer community, who prioritize scalability, cost, and performance as they work towards more cloud-first deployments.TimescaleRead this blog post by Timescale's CEO, Ajay Kulkarni, for full details of the rebrand.These changes come a year after the company announced its Series C funding of $110 million, which has enabled it to innovate in product development, expand its leadership and management teams and significantly expand the developer solutions it offers in markets spanning AI, IoT, crypto, energy, financial services, and more."Working with thousands of companies, we have realized this: the cloud is a tectonic shift in how software infrastructure is distributed and consumed, and we are still in the early stages of this change. By continuing to embrace the cloud, we have an opportunity to reinvent the database," said CEO Ajay Kulkarni. "We are excited to announce our repositioning effort, which accurately reflects the company we have become. We used to be a database company with a cloud product, now we are a cloud company with a database product."Timescale's rebranding reflects the company's continued dedication to innovation and providing better customer solutions and developer experience
Timescale, Inc. first launched Timescale over six years ago.
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About Timescale
Industries
Data & Analytics
Enterprise Software
Company Size
51-200
Company Stage
Series C
Total Funding
$184.8M
Headquarters
New York City, New York
Founded
2015
There are no jobs for Timescale right now.
Find jobs on Simplify and start your career today