Tembo Secures $14M to Advance Postgres Ecosystem

Tembo Secures $14M to Advance Postgres Ecosystem

Tembo, a Postgres-managed service provider, has raised $14 million in a Series A funding round led by GreatPoint Ventures, with participation from Venrock, Grand Ventures, Wireframe Ventures, Defined Capital, Cintrifuse Capital, and several prominent angel investors.

Key Points:

  • Funding Purpose: The investment will help Tembo streamline the modern data stack by leveraging Postgres, a leading open-source relational database. Tembo aims to reduce the inefficiencies and costs associated with enterprises using multiple database vendors.
  • Mission: “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,” said Ry Walker, Founder and CEO of Tembo. He emphasized that the funding would enhance Tembo’s ability to provide the full power of Postgres as a service for developers and enterprises.
  • Team Growth: In the last six months, Tembo has expanded its team with key executives from Fortune 500 companies and data industry innovators. Notable additions include CTO Samay Sharma, David Wheeler (creator of pgxn), Jason Peterson, and Shaun Thomas. These hires bolster Tembo’s expertise and support for a wide range of use cases.
  • Strategic Vision: Former Oracle President and GreatPoint Ventures Managing Partner Ray Lane stated, “In the same way that Oracle transformed databases and the cloud, Tembo is poised to change our understanding of what Postgres can do.” He highlighted the potential of Tembo to simplify developer workflows and create less complex data pipelines powered by Postgres.
  • Growth and Development: Tembo experienced a significant increase in Annual Recurring Revenue (ARR) in the first half of the year. The new funds will be directed towards strategic hires, advertising, product development, and strengthening Tembo’s presence in the developer community.

This investment marks a significant step in Tembo’s journey to revolutionize the data management landscape using Postgres, supporting enterprises and developers with a unified, powerful platform.

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