Tinybird, a real-time data platform for data and engineering teams, announced today that it has raised €28 million in a Series B funding round led by Balderton Capital. The round also saw participation from existing investors including CRV and Singular Ventures. This new infusion of capital will accelerate Tinybird’s growth, enhance its product offerings, and expand its global footprint.
Tinybird CEO Jorge Gomez Sancha added: “We have been blown away by the transformative power of real-time data. Reducing query latencies by orders of magnitude (from seconds to milliseconds) has a compounding effect: faster queries, faster development, less infrastructure, faster reaction, faster user experiences, and happier customers. Tinybird is proud to lead the real-time transformation in businesses and deliver products that empower developers to build applications with fresh, accurate data.”
Over a thousand businesses of all sizes use Tinybird to build real-time user-facing applications, such as in-product and internal dashboards, website and app personalization, fraud and anomaly detection, retail stock inventory management, and much more.
Tinybird partners with industry-leading cloud vendors Amazon Web Services, Google Cloud Platform, Confluent, and more to deliver real-time capabilities on top of an existing cloud stack. Whether it’s delivering a real-time layer to Amazon Redshift or Google BigQuery, or turning streaming data in Confluent Cloud into APIs in minutes, Tinybird helps businesses unify their batch and streaming data, expose data as APIs, and empower engineers to build compelling user experiences.
Colin Hanna, Partner at Balderton Capital, commented: “Tinybird combines the world’s most powerful data technologies, abstracts away their complexity, and speeds up data teams. It allows developers to weave complex data infrastructure into application logic and democratizes data infrastructure engineering. The intense customer love, talented and experienced team, and a growing need for real time data products worldwide were apparent. We’re fired up to be backing the Tinybird team for this next chapter.”
Read the orginal article: https://www.eu-startups.com/2024/06/madrid-based-tinybird-snaps-e28-million-series-b-to-expand-real-time-data-analytics-platform/
