Tech Optimizer
July 11, 2024
Tembo, a Postgres managed service, has closed a million Series A funding round led by GreatPoint Ventures, with participation from other investors. Enterprises often use multiple database vendors, which is costly and inefficient. Tembo aims to streamline the modern data stack by leveraging Postgres. The company has experienced rapid growth and made key hires to enhance its capabilities. The funding will be used to increase Annual Recurring Revenue through strategic initiatives.
