
Tembo
Commercial open-source company based on the developer database Postgres.
Date | Investors | Amount | Round |
---|---|---|---|
- | investor investor investor | €0.0 | round |
investor investor investor investor | €0.0 | round | |
* | $14.0m | Series A | |
Total Funding | 000k |
USD | 2023 |
---|---|
Revenues | 0000 |
EBITDA | 0000 |
Profit | 0000 |
EV | 0000 |
EV / revenue | 00.0x |
EV / EBITDA | 00.0x |
R&D budget | 0000 |
Source: Dealroom estimates
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Tembo.io is a startup focused on revolutionizing the way developers and businesses use Postgres, a popular database system. The company aims to simplify and enhance the developer experience by leveraging the rich ecosystem of Postgres extensions. These extensions can significantly expand the capabilities of Postgres, allowing it to handle a wider range of tasks and reducing the need for multiple databases.
Tembo.io operates in the database management market, specifically targeting developers and companies that rely on Postgres for their data needs. The company’s primary goal is to create a unified developer platform that makes it easier to discover, install, and use Postgres extensions. This approach helps to eliminate the complexity and cost associated with managing multiple databases, often referred to as "database sprawl."
The business model of Tembo.io is based on providing a managed Postgres service. This means they handle the setup, maintenance, and optimization of Postgres databases for their clients. By offering a managed service, Tembo.io can charge subscription fees or usage-based fees, generating a steady stream of revenue. Their recent seed funding of $6.5 million, led by Venrock with participation from CincyTech and Wireframe Ventures, will help them further develop their platform and expand their market reach.
In summary, Tembo.io is dedicated to empowering developers and businesses by unlocking the full potential of Postgres and its extensions. They aim to simplify the database management process, reduce costs, and enable a broader range of use cases for Postgres.
Keywords: Postgres, database management, developer platform, managed service, extensions, seed funding, Venrock, CincyTech, Wireframe Ventures, data stack.