TileDB recently announced the closing of its Series B funding round, raising $34 million to advance its vision of the “modern database” as a single secure product for enterprises, developers and scientists. The funding round was led by AlleyCorp, founded by Kevin Ryan (co-creator of MongoDB, Business Insider co-founder, and former DoubleClick CEO), with participation from Two Bear Capital, Nexus Venture Partners, Big Pi Ventures, Intel Capital, Uncorrelated, Lockheed Martin Ventures, Amgen Ventures, NTT Docomo Ventures, Verizon Ventures, S Ventures, LDV Partners and Scale Asia Ventures. Joining TileDB’s Board of Directors are Jorge Colindres (Partner at AlleyCorp) and Jeff Miller (ex-CRO at Cockroach Labs – who brings over two decades of experience in leading and growing successful sales teams).
TileDB envisions building the next evolution of the ‘database,’ consolidating multiple data modalities, reproducible runnable code, and versatile computing in one product. And TileDB is multi-modal since it adopts the multi-dimensional array as its first-class data structure, which can morph and efficiently capture diverse data (tables, genomics, images, graphs, key values, point clouds, and many more). Plus, TileDB also enables users to build, maintain, and run any sophisticated ETL process, pipeline, workload, or query algorithm inside its serverless distributed computing environment. Keeping data, code, and computing in one place eliminates silos and increases productivity and collaboration across teams and individuals.
TileDB allows its customers to significantly reduce their costs (eliminating unnecessary software licenses, lowering cloud consumption, and saving on data engineering time) and enjoy faster time-to-insight via its strong performance and easy governance features. And TileDB is seeing traction with Fortune 500 customers, top pharmaceuticals, hospitals, defense, and government organizations. The company has proven its strong offering in Life Sciences (single-cell biology, population genomics, and bioimaging), Geospatial (point clouds, rasters, and geometric object management), and traditional tabular analytics.
TileDB’s recently announced support for vector search and Generative AI in fact proved that TileDB and the vision of the modern database are viable, valuable, and future-proof: a safe bet for organizations that need to embrace new data technologies without constantly reinventing their infrastructure.
KEY QUOTES:
“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. This approach is extremely costly, 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.”
“This is just a combination of yet another data modality (vector embeddings, which are literally 1D arrays natively handled by TileDB), code (the ML models producing the embeddings, along with the LLM itself), and compute (securely running the LLM on private vector data for the enterprise). A superb use case for the modern database.”
- Dr. Stavros Papadopoulos, Founder and CEO, TileDB
“TileDB isn’t just another database; it’s an intelligent and useful approach to addressing the challenges related to working with multiple modalities of data, which we see as a quickly emerging problem across a variety of industries and businesses. We’re extremely impressed with Stavros’s vision for TileDB, as well as the team he’s assembled to execute that vision.”
- Jorge Colindres, Partner at AlleyCorp
“TileDB is upping the standards for simplicity and performance. We’re excited to be part of this journey and believe that now is the pivotal moment for TileDB to redefine the data landscape.”
- Kevin Ryan, Founder and CEO at AlleyCorp
