TempoDB

TempoDB offers advanced time series database solutions that simplify the collection, storage, and analysis of large datasets from sensors and IoT devices, enabling real-time monitoring and historical analysis for various industries. Founded in 2011 in Chicago, US, TempoDB is a provider of time series database solutions designed to help businesses analyze data from physical sensors. The company underwent a business pivot when it was acquired by Avant in April 2016, with financial terms not disclosed. TempoDB has completed a total of 4 deals to date.

Its latest funding round was a Series A, raising USD 3. 20 mn, led by Hyde Park Venture Partners, with additional investments from Chicago Ventures, Divergent Ventures, and Hyde Park Angels. The total amount raised by the company stands at USD 3. 20 mn.

TempoDB specializes in time series database solutions that facilitate the collection, storage, and analysis of extensive data generated by physical sensors and connected devices. These services enable businesses to monitor energy consumption, weather conditions, and traffic patterns in real-time, supporting comprehensive historical analysis and forecasting capabilities. The company primarily serves clients in sectors such as utilities, transportation, and technology across North America and Europe, providing tools to track metrics like temperature changes, pressure readings, and user engagement metrics. Key products include the Atomic Increment API, which assists in tracking user interactions and optimizing content engagement.

TempoDB generates revenue through a subscription-based model, where clients pay for access to their time series database services. Clients subscribe to various service tiers based on their data storage and analytics needs, ensuring a predictable revenue stream. The firm's pricing structure accommodates diverse client requirements, allowing for scalable solutions tailored to both small-scale operations and large enterprises. Clients include enterprises in energy, logistics, and software development that partner with TempoDB to leverage its analytical tools for enhanced operational insights.

Following its acquisition in April 2016, TempoDB plans to utilize its recent funding to enhance its product offerings and expand into new markets. The company aims to launch new product features designed to improve data analytics capabilities. Specific markets targeted for expansion include Europe and Asia by 2025, reflecting a strategic focus on international growth. The funding will support development initiatives that align with the company's objectives in these regions.