Divergent Ventures Posts

Chicago-Based Data Startup TempoDB Raises $3.2 Million

TempoDB Logo

TempoDB is a technology company that stores large amounts of time-specific data that is captured by sensors.  TempoDB has raised $3.2 million in funding from a few local investors. Hyde Park Venture Partners led the $3.2 million round.  Chicago Ventures, Divergent Ventures and TempoDB’s previous angel investors also participated in this round.  TempoDB has raised a total of $4.2 million.  The company will be using the funding to hire more software engineers and sales.

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Enterprise OpenStack Company Piston Cloud Raises $8 Million

OpenStack is an open-source infrastructure-as-a-service (IaaS) cloud computing project that was released under the Apache License.  OpenStack enterprise company Piston Cloud has raised $8 million in Series B funding.  The Series B investors include new investors Cisco Systems, Data Collective, and Swisscom Ventures.  Existing investors Divergent Ventures, Hummer Winblad, and True Ventures also participated in this round.

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