Daily news from online research no. 33348

New funds for universal database company TileDB

May 31, 2022

In the United States, database company TileDB has received an undisclosed amount of capital funding, which it will use to accelerate the development of new features and expand its go-to-market functions.

With TileDB’s universal database, analytics professionals and data scientists can access, analyze, and share complex datasets – including imagery, video, location data, weather, and time series – with any tool, globally. The company, which spun out of MIT and Intel Labs in 2017, says its technology overcomes the constraints of columnar tables, flat files and SQL-only tools, by handling all data with a multidimensional array engine.

New funding has been led by Verizon Ventures, joining recent investments from Lockheed Martin Ventures, AMGEN Ventures and NTT Docomo Ventures. Kristina Serafim, MD at Verizon Ventures, comments, “Verizon Ventures is thrilled to support TileDB as it continues to build its universal database that easily supports any type of data source, from dense to sparse multi-dimensional arrays, all enabling the performance of 5G and mobile edge computing applications.”

Led by founder and CEO Stavros Papadopoulos (pictured), the company is online at www.tiledb.com.

All articles 2006-22 written and edited by Mel Crowther and/or Nick Thomas, unless otherwise noted.

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