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Tinybird raises another $30 million to transform data into real-time APIs | TechCrunch

Jun 17, 2024 - techcrunch.com
Enterprise data startup Tinybird has raised $30 million in a Series B funding round, bringing its valuation to $240 million. The company, which helps businesses leverage their data in near real-time, ingests data from event streaming platforms and storage locations, allows developers to filter and combine data using SQL queries, and creates API endpoints based on query results. Tinybird's product is used for real-time analytics, personalization, sports gambling, smart inventory management, and operational management, and does not rely on data pipelines to connect data sources.

The company has tripled its revenue in the past year and counts Vercel, Canva, and Fanduel among its clients. The latest funding round, led by Balderton, follows a $37 million Series A round in 2022 and a $3 million seed round in 2021. The funds will be used to accelerate initiatives to strengthen Tinybird's position as a real-time data platform, including accommodating more data sources and using AI to optimize SQL queries and data schemas.

Key takeaways:

  • Tinybird, an enterprise data startup, has raised a $30 million Series B funding round and is now valued at $240 million.
  • The company helps businesses utilize their large amounts of data in real time, ingesting data from various platforms and creating API endpoints based on SQL queries.
  • Tinybird does not rely on data pipelines to connect data sources, eliminating the need for other data integration tools.
  • The company has tripled its revenue in the last year and works with well-known clients such as Vercel, Canva, and Fanduel.
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