New York City, NY – According to filings with the U.S. Securities and Exchange Commission, Timescale is raising $39,999,991.00 in new funding. Sources indicate as part of senior management Chief Executive Officer, Ajay Kulkarni played a key role in securing the recent investment and it will aid in aggressively expanding the company, as well as broaden and accelerate product development.

About Timescale

At Timescale, we are dedicated to serving developers worldwide, enabling them to build exceptional data-driven products that measure everything that matters. Analyzing this data across the time dimension (“time-series data”) enables developers to understand what is happening right now, how that is changing, and why that is changing. We are backed by top-tier investors with a track record of success in the industry. TimescaleDB is the only open-source time-series database that natively supports full-SQL, combining the power, reliability, and ease-of-use of a relational database with the scalability typically seen in NoSQL systems. It is built on PostgreSQL and optimized for fast ingest and complex queries. TimescaleDB is deployed for powering mission-critical applications, including industrial data analysis, complex monitoring systems, operational data warehousing, financial risk management, and geospatial asset tracking across industries as varied as manufacturing, space, utilities, oil & gas, logistics, mining, ad tech, finance, telecom, and more.

To learn more about Timescale, visit http://www.timescale.com/

Contact:
Ajay Kulkarni, Chief Executive Officer
212-921-2001
ajay@timescale.com
https://www.linkedin.com/in/ajaykulkarni/

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