Timescale, which develops the open source TimescaleDB time series database, raises $40M Series B led by Redpoint Ventures, bringing its total raised to ~$70M
Timescale, makers of the open source TimescaleDB time series database, announced a $40 million Series B financing round today.
Context & Ripple Effects
This $40M Series B is the middle beat in Timescale's funding arc: after a $15M Series A1 in early 2019 built on its pitch of easy cloud deployment for time-series workloads, the Redpoint-led round funds the push to turn the open-source TimescaleDB community into paying cloud customers.
It also lands in a crowded lane — InfluxData had already out-raised the category with a $60M Series D on top of its earlier SAP-backed Series C, and Materialize's Kleiner Perkins-led streaming SQL round in late 2020 showed investors extending the same bet to real-time data. The round worked: within ten months Tiger Global took Timescale through a $110M Series C at a $1B+ valuation.
First-order effects
- Timescale gains roughly two years of additional runway to convert open-source TimescaleDB adoption into revenue, directly contesting the developer base InfluxData has courted since its own large rounds.
Second-order effects
- InfluxData, which raised bigger totals earlier, faces a rival matching its capital intensity while offering SQL compatibility — pressuring both vendors to compete on managed-cloud pricing and migration ease rather than raw feature checklists.
Third-order effects
- The pattern across Timescale, InfluxData, and Materialize points toward time-series and streaming data infrastructure consolidating around venture-funded companies whose business is hosting their own open-source cores, squeezing out self-managed deployments over time.
The trend: Capital is concentrating behind open-source time-series and streaming databases as they race each other into managed cloud services.