Tempo DB raises USD3.2 million in Series A financing
Tempo DB's core business is its time series database service for sensors and measurement information. It recently announced the receipt of USD3.2 milion in Series A funding from investors led by Hyde Park Venture Partners. Other investors include Chicago Ventures, Divergent Ventures as well as angel investors such as Hyde Park Venture Partners.
The investment would allow TempoDB to increase its team headcount through the engagement of technical sales staff and software engineers. It would also help continue in the development of the leading time series database service in the country.
According to TempoDB CEO Andrew Cronk, "We started TempoDB to solve deep technical challenges we faced as developers trying to make sense of data from sensors and connected devices. We've learned two things: 1. The demand is huge (as) companies in nearly every industry are looking to transform their business with sensor data. 2. The technocal challenges we're tackling are pushing the boundaries of streaming analytics and distributed computing. It's a great time to be building our business in this market and we'r looking forward to growing our team here in Chicago."