PR96761

Timecho, Founded by the Creators of Apache IoTDB, Raises Over US$10 Million First Fund for Open-Source Software R&D and Time-Series Database Solutions

STUTTGART, Germany and BEIJING, June 29, 2022 /PRNewswire=KYODO JBN/ --

Timecho, founded by the creators of Apache IoTDB, an IoT-native time series

database, has announced a first round of funding of more than US$10 million led

by Sequoia China and joined by Koalafund, Gobi China, and Cloudwise.

Time series database has thrived in recent years to meet new data management

requirements for the Internet of Things (IoT) era. Developers are seeking a

database that can optimize data ingestion rates, storage compression as well as

query and analytics features that match the needs of their time-stamped data

applications. Based on Apache IoTDB, a top-level open-source project ranked

seventh by commits (individual changes to files) in 2021 among all Apache

projects, Timecho is technically capable of delivering foundational

infrastructure that powers demanding industrial use cases. Moreover, the

Timecho team has over 40 patents and papers in industry-leading, time-series

management journals including ICDE, SIGMOD, VLDB.

"Apart from its outstanding performance, Apache IoTDB is lightweight,

easy-to-use, and deeply integrated with software in the big data ecosystem,

including Apache PLC4X, Kafka, Spark, and Grafana," said Dr. Xiangdong Huang,

Founder of Timecho and PMC Chair of Apache IoTDB. "It has been widely used by

multiple enterprises in the power industry, public transportation, intelligent

factories and other scenarios. To expand its application in the IoT area and

strengthen its performance to meet the specific requirements of enterprises,

Timecho will continue investing aggressively in R&D to enhance features such as

end-edge-cloud collaboration."

"Timecho maintains intensive interaction with the open-source community," said

Dr. Julian Feinauer, Timecho Technical Director for the European Market and PMC

member of Apache IoTDB. "With the funding, we will be able to accelerate R&D to

help developers and companies best leverage the power of Apache IoTDB."

Timecho will focus on providing solutions that will be more adaptable with

high-end equipment, mass devices, computational-resource-limited platforms, and

further scenarios.

About Timecho

Timecho combines "time" with "echo", which means to make time-series data

become more valuable. Founded by the creators of Apache IoTDB, Timecho delivers

IoT-native time-series solutions to satisfy the demands of mass data storage,

fast reads and complex data analytics, enabling companies to leverage the value

of time-series data with higher reliability at lower costs.

For more information, visit www.timecho.com or its LinkedIn

page(https://www.linkedin.com/company/timecho/).

Contact:

Timecho Limited

contact@timecho.com

SOURCE: Timecho Limited