Tembo, a Postgres managed service, has successfully closed a million Series A funding round. Leading the investment was GreatPoint Ventures, with participation from Venrock, Grand Ventures, Wireframe Ventures, Defined Capital, and Cintrifuse Capital, alongside notable angel investors.
Addressing Database Sprawl
Enterprises typically juggle seven different database vendors simultaneously, a practice that is both costly and inefficient. This funding milestone propels Tembo’s mission to streamline the modern data stack by leveraging Postgres, the world’s most advanced open-source relational database. Tembo empowers developers to utilize Postgres for their expanding data capture and storage needs, a critical consideration in the era of AI and its burgeoning data demands.
Strategic Growth and Key Hires
Over the past six months, Tembo has experienced rapid growth, bringing on board key executives from Fortune 500 companies and data industry innovators. Notable additions include:
- CTO Samay Sharma, who will lead Product Strategy.
- David Wheeler, creator of pgxn, who will spearhead the effort to merge Trunk and pgxn and oversee Tembo’s involvement in the new pgEF foundation.
- Jason Peterson, joining as a Senior Engineer on the Stacks team.
- Shaun Thomas, joining as a Senior Engineer on the Cloud team.
These strategic hires enhance Tembo’s capability to offer a unified platform with unparalleled Postgres expertise and support across diverse use cases.
Future Focus and ARR Growth
This funding round follows a robust first half of the year for Tembo, marked by a significant rise in Annual Recurring Revenue (ARR), which continues to grow. With the new funding, Tembo aims to further increase its ARR through strategic hires, advertising, product development, and fostering a strong presence within the developer community.
KEY QUOTES:
“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. Tembo provides that foundation while making open source safe for enterprises. This new funding is instrumental in our efforts to provide the full power of Postgres as a service for developers and enterprises to succeed.”
- Tembo Founder and CEO Ry Walker
“In the same way that Oracle transformed databases and the cloud, Tembo is poised to change our understanding of what Postgres can do. Whatever we can do to simplify the life of a developer is meaningful. Tembo will enable less complex data pipelines powered by Postgres.”
- Former President of Oracle and GreatPoint Ventures Managing Partner Ray Lane
