Tinybird, which helps developers build products atop real-time data, raises $37M
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Tinybird, a platform that helps developers build products quickly on top of real-time data, has raised $37 million in a series A round of funding.
The raise comes as companies across the spectrum generate more data than ever, from mobile devices and SaaS apps, to IoT and beyond. While this abundance of data can unlock a wealth of insights, combining the data and deriving meaningful answers to real business questions in real time can be a Herculean task for all but the biggest of enterprises — which is where Tinybird comes into play.
“Large companies are generating more and more data, and they’ve invested a ton in capturing it and storing it in data warehouses,” Tinybird cofounder and CEO Jorge Gomez Sancha told VentureBeat. “But what we see is that it still takes an army of data engineers for them to take advantage of it in real time.”
Founded in 2019, Tinybird enables companies to ingest data from myriad sources, spanning data streams, data warehouses, data lakes, and more. Once the data is inside Tinybird, developers can then start building products on top of that data using good old-fashioned SQL queries and APIs (application programming interfaces).
Traditionally, companies might have had to create data pipelines powered by the myriad ETL (extract, transform, load) and similar data integration tools out there. And that may well make sense for specific use-cases, such as running a report, training a machine learning model, or other ad-hoc queries. But Tinybird posits that it’s just not suitable for building scalable products centered around real-time “streaming” data.
“They are simply not designed to scale to handle hundreds or thousands of queries per second, and they are not designed to exploit the data in real time, something that is becoming the cost-of-entry to compete in many industries,” Gomez Sancha said. “[And] they are not designed for developers.”
And so Tinybird does all the heavylifting for them, serving up low-latency, high-concurrency APIs to leverage the data in minutes using tools that developers are already familiar with — and without having to worry about any of the underlying infrastructure.
“You could think of Tinybird as a serverless data warehouse with tools for developers,” Gomez Sancha added. “It often sits in parallel to existing data warehouses, taking data from the same sources — and oftentimes from the data warehouses themselves — and it helps accelerate data for those use-cases that require real time response times and scale.”
So what kinds of products and features might a developer wish to spin up off the back of Tinybird? A typical example might be user-facing dashboards for in-product analytics.
“Today, it is no longer enough to provide a good service — customers want to understand how much value they are getting from it,” Gomez Sancha explained. “With Tinybird you can ingest data, such as events and transactions, and expose low-latency, scalable APIs in minutes to power those user-facing dashboards with real-time latency.”
Elsewhere, a developer might want to create customized feeds to sort products in an ecommerce application by popularity, relevance, and so on. Or security teams might also want to use Tinybird for automation and events processing as part of their anomaly-detection workflow.
There are other similar companies out there in the ether, such as Imply and Rockset, while Tinybird is also encroaching into territory occupied by traditional data warehouses. But with a purely serverless approach, one that’s focused on developers, Tinybird is hoping to set itself apart.
“We are optimizing to ensure that any developer, using SQL and APIs, can start capturing data and consume it in their apps and data products in a matter of minutes,” Gomez Sancha said.
In its short life so far, Tinybird has amassed a fairly impressive roster of startup and scaleup customers, including Vercel, Reprise, and Factorial. However, it also works with larger companies, including what it says is a $20 billion retailer which uses Tinybird to run their ecommerce operational analytics.
“We target fast-growing, sophisticated scaleups that need to go to market quickly and scale fast, and that have already tried and failed to build real time solutions with data warehousing technologies,” Gomez Sancha said. “These are often more open to working with other startups, and have shorter sales cycles. But we also target larger companies in certain verticals where we see huge opportunities.”
Tinybird, which recently moved its headquarters from Spain to New York, also raised a $3 million seed round of funding last summer, from notable backers including the then-GitHub CEO Nat Friedman. With another $37 million in the bank, the company is now gearing up to expand across North America and double-down on what it calls an “ambitious roadmap.”
Tinybird’s series A round was co-led CRV and Singular Ventures, with participation from Crane Ventures.
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