TileDB, a Cambridge, MA-based company providing open-source tools for data management, raised $34M in Series B funding.
The round was led by AlleyCorp, with participation from Two Bear Capital, Nexus Venture Partners, Big Pi Ventures, Intel Capital, Uncorrelated, Lockheed Martin Ventures, Amgen Ventures, NTT Docomo Ventures, Verizon Ventures, S Ventures, LDV Partners and Scale Asia Ventures. Joining TileDB’s Board of Directors are Jorge Colindres (Partner at AlleyCorp) and Jeff Miller (ex-CRO at Cockroach Labs, who brings more than two decades of experience in leading and growing sales teams).
The company intends to use the funds to expand operations and its business reach.
Led by CEO and Founder Dr. Stavros Papadopoulos, TileDB provides an ecosystem of open-source tools for modern data management, available on GitHub. The commercial product, TileDB Cloud, is a secure platform for multi-modal data management and discovery, serverless distributed computing, interactive analysis and collaboration. It enables its customers to reduce their costs (eliminating unnecessary software licenses, lowering cloud consumption and saving on data engineering time), and enjoy time-to-insight via its performance and governance features.
TileDB is multi-modal because it adopts the multi-dimensional array as its data structure, which has the ability to morph and efficiently capture any diverse data (tables, genomics, images, graphs, key-values, point clouds and many more). TileDB also allows users to build, maintain and run any sophisticated ETL process, pipeline, workload or query algorithm, inside its serverless distributed computing environment.
The company is seeing traction with Fortune 500 customers, top pharmaceuticals, hospitals, defense and government organizations.
FinSMEs
10/10/2023