# Timescale

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/timescale

- Industry: Software
- Headquarters: New York, US
- Website: www.timescale.com
- Total disclosed funding: $181M
- Latest round: Series C (Feb 14, 2022)
- Investors on record: 6

## About

Based in New York, the US, and founded in 2015 by CEO Ajay Kulkarni and Mike Freedman, Timescale Inc., formerly known as 440 Labs, Inc., enables developers with time-series database products. In 2021, Timescale, Inc. raised USD 39.99 million in Series B funding led by new investor Redpoint Ventures along with returning investors. As of 2021, the company employs 60 employees. 

The company analyses time-series data enabling developers to understand what is happening and what is changing. Timescale's products include TimescaleDB, an open-source time-series database provider built on PostgreSQL, that provides cloud as well as software-based services.  TimescaleDB supports full-SQL optimizing time-series queries and advanced time-series analytics. The products allow the storage of billions of rows and 10s of TBs of data per server. TimescaleDB cloud is managed on AWS, Azure, or GCP in over 75 regions. The company also provides data management capabilities including data retention, downsampling, native compression, data tiering, hypertable and schema management, and data lifecycle management among others.

Additionally, the company offers Promscale, a Prometheus data built on TimescaleDB which is an open-source system monitoring and altering toolkit for modern software systems. Promscale collects data from the Prometheus database, stores it on TimescaleDB, and makes it available via PromQL, and SQL analysis tool.

The company generates revenue when businesses employ their databases. The users can launch their first database at USD 24 per month.

Timescale, Inc. plans on utilizing the Series B funding to invest in its suite of products, including its cloud-native relational database for time-series, new features to manage petabyte-scale deployments, and an observability platform for developers.

## Funding rounds

- Series C, Feb 14, 2022, $110M — Benchmark, New Enterprise Associates, Redpoint Ventures, Icon Ventures, Two Sigma Investments, Tiger Global Management
- Series B, Mar 23, 2021, $40M — Benchmark, New Enterprise Associates, Redpoint Ventures, Icon Ventures, Two Sigma Investments
- Series A, Jan 29, 2019, $15M — Benchmark, New Enterprise Associates, Icon Ventures, Two Sigma Investments
- Series A, Jan 24, 2018, $12M — Benchmark, New Enterprise Associates, Two Sigma Investments
- Seed, Jan 1, 2016, $3.7M — New Enterprise Associates

## Investors

- New Enterprise Associates (https://capitalatlas.ai/funds/new-enterprise-associates) — Seed, Series A, Series B, Series C
- Benchmark (https://capitalatlas.ai/funds/benchmark) — Series A, Series B, Series C
- Two Sigma Investments (https://capitalatlas.ai/funds/two-sigma-investments) — Series A, Series B, Series C
- Icon Ventures (https://capitalatlas.ai/funds/icon-ventures) — Series A, Series B, Series C
- Redpoint Ventures (https://capitalatlas.ai/funds/redpoint-ventures) — Series B, Series C
- Tiger Global Management (https://capitalatlas.ai/funds/tiger-global-management) — Series C