Timescale Raises $110M in Series C
Timescale has successfully raised $110M in a Series C at a $1B valuation led by NEA, Benchmark, Icon Ventures, Redpoint Ventures, Two Sigma Ventures.
Company Overview
Timescale is a Database company headquartered in 207 West 25th Street, New York, NY 10001, founded in 2015 with 200+ employees.
Time-series database
Fundraising Details
- Amount Raised: $110M
- Round Type: Series C
- Valuation: $1B
- Date: 2024-06-17
- Investors: NEA, Benchmark, Icon Ventures, Redpoint Ventures, Two Sigma Ventures
About Timescale
Time-series database The company is positioned in the Database sector, serving a growing market with innovative solutions.
Key Information
- Headquarters: 207 West 25th Street, New York, NY 10001
- Founded: 2015
- Team Size: 200+
- Industry: Database
What This Means
This funding round demonstrates strong investor confidence in Timescale's vision and execution. The capital will likely be used to:
- Scale Operations: Expand the team and operational capacity
- Product Development: Enhance existing products and develop new features
- Market Expansion: Enter new markets and strengthen presence in existing ones
- Technology Investment: Invest in infrastructure and technology capabilities
Industry Context
The Database sector continues to attract significant investment as companies innovate to meet evolving market demands. Timescale's successful fundraising reflects the strong fundamentals and growth potential in this space.
Valuation Milestone
Reaching a $1B valuation marks an important milestone for Timescale, positioning the company among notable players in the Database industry.
Looking Ahead
With this new capital, Timescale is well-positioned to execute on its growth strategy and continue building innovative solutions in the Database space. The company's trajectory will be one to watch as it deploys this funding to achieve its next phase of growth.
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This fundraising news was reported on 2024-06-17. For more information about Timescale, visit their headquarters at 207 West 25th Street, New York, NY 10001.
