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Tembo capitalizes on the database boom and lands new cash to expand | TechCrunch

Jul 09, 2024 - news.bensbites.com
Tembo, a startup that provides a platform for deploying different versions of the open-source database system Postgres, has raised $14 million in a funding round. The round was led by GreatPoint Ventures and included participation from Venrock, Grand Ventures, Wireframe Ventures, Defined VC, and Cintrifuse Capital. The company's services, which include a managed, metered software-as-a-service Postgres service and self-hosted software for setting up and orchestrating Postgres databases, are designed to help enterprises reduce costs and increase efficiency by simplifying their data pipelines.

Recently, Tembo launched Machine Learning Stack, a service that allows developers to build and deploy AI models using workflows alongside their databases. With $20 million in capital and a team of 25, the Cincinnati-based company plans to focus on product development, hiring, and advertising. Despite competition from rivals like Postgres creator Mike Stonebraker’s new startup, DBOS, Tembo's CEO Ry Walker is confident in the company's ability to leverage Postgres to meet the growing data capture and storage needs of enterprises.

Key takeaways:

  • Database startup Tembo has raised $14 million in a funding round led by GreatPoint Ventures with participation from Venrock, Grand Ventures, Wireframe Ventures, Defined VC and Cintrifuse Capital.
  • Tembo provides a platform that lets developers deploy different versions of Postgres, an open source database system, to cloud and local environments.
  • Recently, Tembo launched Machine Learning Stack, which allows developers to build and deploy AI models alongside their databases.
  • With $20 million in capital and a team of about 25 people, Cincinnati-based Tembo plans to focus on product development, hiring and advertising.
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