Taos Data, a Beijing, China-based IoT big data platform, closed a $47m Series B financing round.
The round was led by Matrix Partners China, with participation from Sequoia Capital China, GGV Capital, and Index Capital.
The financing proceeds will be used for technology development and market expansion.
Founded in 2017, Taos Data focuses on storage, query, analysis, and computation of time-series big data. The company has developed the proprietary IoT big data platform TDengine which features high performance, scalability, high reliability, and zero management. The community edition of TDengine was open-sourced in July 2019, with the addition of clustering features in August 2020. Now, TDengine has attracted 15,000 stars, 3,800 forks on GitHub, and is one of the most popular open-source projects.
TDengine supports C/C++, Java, Python, and other types of interfaces.