TileDB Receives Investment From Verizon Ventures

TileDB, Inc., CambridgeMA-based database firm, XL, received a strategic capital investment Verizon Ventures.

TheThe deal’s amount was not disclosed.

VerizonRecent investments from Lockheed Martin VenturesAMGEN VenturesNTT Docomo Ventures.

TheThe company plans to use the funds for the development of advanced features in its universal database and to scale up go-to-market functions.

LedBy Stavros Papadopoulos, FounderCEO TileDBIt offers a universal database that uses multidimensional arrays to store and model any type of data on any backend, whether it is in the cloud or on-prem. You can also analyze it with any programming language or tool. ItIt is composed of TileDB EmbeddedOpen-source storage engine for arrays called. TileDB Cloud, a universal database that offers secure governance, and serverless distributed compute, along with data, code & model sharing for highly performant analysis and ease of collaboration.

TileDB, Inc. MIT was the originator of this invention. Intel LabsIn May2017 and is backed Two Bear Capital, Nexus Venture Partners, Uncorrelated Ventures, Intel CapitalAnd Big Pi.

FinSMEs

18/05/2022

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