TileDB has secured a $15M Series A investment round led by Two Bear Capital, joined by Uncorrelated Ventures and all existing investors: Nexus Venture Partners, Intel Capital, and Big Pi Ventures.
The funding will help the company expand go-to-market and product development for its “universal data engine,” a novel database that goes beyond tables to manage any complex data and beyond SQL to analyze the data with any tool, all serverless and at planet scale.
Montana philanthropist and Two Bear Capital Managing Partner Mike Goguen will join TileDB’s Board of Directors.
The Series A financing comes after TileDB was chosen by customers who experienced two key pains: scalability for complex data and deployment.
Whole-genome population data, single-cell gene data, spatio-temporal satellite imagery, and asset-trading data all share multi-dimensional structures that are poorly handled by monolithic databases, tables, and legacy file formats.
Newer computational frameworks evolved to offer “pluggable storage” but that forces another part of the stack to deal with data management.
As a result, organizations waste resources on managing a sea of files and optimizing storage performance, tasks traditionally done by the database. Moreover, developers and data scientists are spending excessive time in data engineering and deployment, instead of actual analysis and collaboration.