QuestDB, a San Francisco CA and London UK-based open source database for time series, raised $12M in Series A funding.
The round was led by 68 Capital, with participation from Uncorrelated Ventures, Sumedh Pathak, Citus Data co-founder, James Hawkins, PostHog CEO, Paul Copplestone, Supabase CEO, Dan Pinto, FingerprintJS CEO, Tom Preston-Werner, Sebastien Pahl, Alexis Ohanian, Mirko Novakovic, Andrey Alekseev, Tobi Knaup, Michael Li, and Grace Francisco. In conjunction with the funding, Florian Leibert, co-founder of Mesosphere, joined QuestDB’s board of directors.
The company intends to use the funds to grow their team, increase product development and accelerate adoption.
QuestDB is an open source high-performance time series database built to offer breakthrough performance for real-time analytics using SQL.
Developers use QuestDB for time series insights and real-time applications in FinTech, DevOps monitoring, asset tracking, Big Data, machine learning engines, digital factories, geospatial analysis, autonomous vehicles, and a growing list of use cases that depend on high-performance ingestion and queries over massive data sets in real-time. It allows developers to use SQL as a query language to answer questions about how their data looks without the barrier of entry that comes with proprietary query languages. Analyzing historical aspects of data allows users to understand changes over time, identify patterns, and make better decisions on future trends.