Tembo, a Postgres managed service, announced the successful closure of a $14 million Series A funding round. And GreatPoint Ventures led the investment with participation from Venrock, Grand Ventures, Wireframe Ventures, Defined Capital, and Cintrifuse Capital, along with prominent angels.
Enterprises on average leverage seven different database vendors simultaneously, which is costly and inefficient. And this funding round marks a step forward in Tembo’s goal to collapse the sprawl of the modern data stack by leveraging Postgres, the world’s most advanced open-source relational database. Tembo also empowers developers to use Postgres for all of their growing data capture and storing needs, which is something every organization is rethinking with the explosion of AI and its data demands.
Over the past six months, Tembo has grown rapidly, adding key executives from Fortune 500 companies and innovators in the data industry. And this includes CTO Samay Sharma, who leads Product Strategy, David Wheeler, creator of pgxn who will head up the effort to merge Trunk and pgxn as well as Tembo’s involvement in the new pgEF foundation, Jason Peterson, who is joining Tembo as a Senior Engineer on the Stacks team, and Shaun Thomas, who will join Tembo as a Senior Engineer on the Cloud team. And the additions to the team further drives Tembo’s ability to provide a single unified platform that comes with unprecedented Postgres expertise and support across a wide range of use cases.
This funding round follows a strong first half of the year for Tembo, which saw a sharp rise in ARR that is still steadily climbing. And with this new funding round, Tembo will focus on continuing to grow its ARR through strategic hires, advertising, product development, and cultivating a strong presence in the developer community.
KEY QUOTES:
“Postgres isn’t just a database; it’s a powerful platform capable of anything from simple applications to complex data ecosystems. With the right foundation, the possibilities are limitless. Tembo provides that foundation while making open source safe for enterprises. This new funding is instrumental in our efforts to provide the full power of Postgres as a service for developers and enterprises to succeed.”
- Tembo Founder and CEO Ry Walker
“In the same way that Oracle transformed databases and the cloud, Tembo is poised to change our understanding of what Postgres can do. Whatever we can do to simplify the life of a developer is meaningful. Tembo will enable less complex data pipelines powered by Postgres.”
- Former President of Oracle and GreatPoint Ventures Managing Partner Ray Lane
