Tembo capitalizes on the database boom and lands new cash to expand
What does Tembo's platform primarily offer?
Tembo's platform primarily offers a managed, metered software-as-a-service Postgres service, allowing developers to deploy different flavors of the open-source database system, Postgres, to cloud and local environments2. The platform enables customers to spin up databases with features like auto-scaling and self-maintenancing, and recently launched Machine Learning Stack for building and deploying AI models.
How much funding did Tembo recently raise?
Tembo recently raised $14 million in a funding round led by GreatPoint Ventures, with participation from Venrock, Grand Ventures, Wireframe Ventures, Defined VC, and Cintrifuse Capital2. This brings their total funding to $20 million, which will be used for product development, hiring, and advertising.
Who led Tembo's latest funding round?
Tembo's latest funding round was led by GreatPoint Ventures, with participation from Venrock, Grand Ventures, Wireframe Ventures, Defined Capital, and Cintrifuse Capital, along with several prominent angel investors. The funding raised a total of $14 million.