Real-time data analytics firm Tinybird nets $37m in Series A

Millions of rows per second in real time, so the legend goes...


A data analytics company claiming to be able to process millions of rows per second, in real time, has just closed out a Series A funding round to take-in $37 million.

Tinybird raised the funds via investors Crane Ventures, Datadog CPO Amit Agarwal, and Vercel CEO Guillermo Rauch, along with new investments from CRV and Singular Ventures.

Tinybird's Stephane Cornille, said the company plans to use the funds to expand into new regions, build connectors for additional cloud providers, create new ways for users to build their own connectors, provide tighter Git integration, Schema management and migrations, and better defaults and easier materialization.

Tinybird's seed funding round in 2021 raised $3 million toward its goal of building a product that ingests data in real time, turns it into SQL, and automatically builds a production-ready API ready to be rolled out into live environments. As an added perk, API transformations happen on the fly, ensuring that the latest data is always represented.

The data transformation process can be guided through pipes that are inspired by Python Notebooks made in Jupyter that "reduce complexity without sacrificing performance." It can take data from plenty of different places: databases, CSV files, data streams and data warehouses, and particular instances in Amazon S3, Kafka, Google Cloud, and Snowflake.

The startup has put its R&D zeal into real-time analytics APIs aimed at being "buildable in minutes" with processing done on the fly using data that's already been transformed at the place its stored, meaning all the system has to do when prompted with a query is look at data it has already collected. 

Tinybird cites customers Vercel, Situm, and The Hotels Network, which used it to build a real-time business intelligence dashboard that provides up-to-the-moment feedback. Other use cases include operational intelligence that pulls data from multiple sources into one real-time dashboard, real-time usage-based billing, real-time personalization for users, and faster anomaly detection.

Like any cloud service worth its price, Tinybird manages infrastructure for its customers and has a free service tier, which offers up to 1,000 requests per day and 10GB of storage per workspace per month.

Paying customers are only charged for the amount of data processed and stored, which is billed at $0.07 per GB and $0.34 per GB, billed monthly, respectively with the expected enterprise volume options. ®

Broader topics


Other stories you might like

  • Experts: AI should be recognized as inventors in patent law
    Plus: Police release deepfake of murdered teen in cold case, and more

    In-brief Governments around the world should pass intellectual property laws that grant rights to AI systems, two academics at the University of New South Wales in Australia argued.

    Alexandra George, and Toby Walsh, professors of law and AI, respectively, believe failing to recognize machines as inventors could have long-lasting impacts on economies and societies. 

    "If courts and governments decide that AI-made inventions cannot be patented, the implications could be huge," they wrote in a comment article published in Nature. "Funders and businesses would be less incentivized to pursue useful research using AI inventors when a return on their investment could be limited. Society could miss out on the development of worthwhile and life-saving inventions."

    Continue reading
  • Declassified and released: More secret files on US govt's emergency doomsday powers
    Nuke incoming? Quick break out the plans for rationing, censorship, property seizures, and more

    More papers describing the orders and messages the US President can issue in the event of apocalyptic crises, such as a devastating nuclear attack, have been declassified and released for all to see.

    These government files are part of a larger collection of records that discuss the nature, reach, and use of secret Presidential Emergency Action Documents: these are executive orders, announcements, and statements to Congress that are all ready to sign and send out as soon as a doomsday scenario occurs. PEADs are supposed to give America's commander-in-chief immediate extraordinary powers to overcome extraordinary events.

    PEADs have never been declassified or revealed before. They remain hush-hush, and their exact details are not publicly known.

    Continue reading
  • Stolen university credentials up for sale by Russian crooks, FBI warns
    Forget dark-web souks, thousands of these are already being traded on public bazaars

    Russian crooks are selling network credentials and virtual private network access for a "multitude" of US universities and colleges on criminal marketplaces, according to the FBI.

    According to a warning issued on Thursday, these stolen credentials sell for thousands of dollars on both dark web and public internet forums, and could lead to subsequent cyberattacks against individual employees or the schools themselves.

    "The exposure of usernames and passwords can lead to brute force credential stuffing computer network attacks, whereby attackers attempt logins across various internet sites or exploit them for subsequent cyber attacks as criminal actors take advantage of users recycling the same credentials across multiple accounts, internet sites, and services," the Feds' alert [PDF] said.

    Continue reading

Biting the hand that feeds IT © 1998–2022