Venture Capital News: TileDB Completes $34M Series B Round
2023-10-10
CAMBRIDGE, MA, TileDB today announced the closing of its Series B funding round.
TileDB, today announced the closing of its Series B funding round, raising $34 million to advance its vision of the 'modern database' as a single secure product for enterprises, developers and scientists. The funding was led by AlleyCorp, founded by Kevin Ryan (co-creator of MongoDB, among many other accomplishments), 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 successful sales teams).
TileDB provides a rich 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.
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