TileDB recently closed its Series B funding round, raising $34 million from lead investor AlleyCorp. The company aims to modernize the database landscape by integrating multiple data modalities, runnable code and versatile compute into a single product. This approach eliminates the need for a complex data stack while streamlining data management and increasing productivity.
“To cope with the increased complexity of their data and compute needs, organizations are resorting to building a modern data stack, which is often a set of convoluted data, code and compute tools,” Dr. Stavros Papadopoulos, TileDB founder and CEO, said in a statement. “This approach is extremely costly and hard to implement correctly, and cumbersome to maintain, due to the disparate tools and data engineering involved. Think of TileDB as the modern data stack in a box.”
TileDB’s offering consolidates diverse data types, such as tables, images, graphs and more, using a multi-dimensional array as its primary data structure. This allows users to build, maintain and run sophisticated extract, transform and load processes, pipelines, workloads as well as query algorithms within a serverless distributed computing environment. By keeping data, code and compute in one place, TileDB works to eliminate silos and enable seamless collaboration across teams and individuals.
TileDB counts a number of Fortune 500 companies, pharmaceuticals, hospitals, defense and government organizations among its customers.
