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Funds for Data Platform Tinybird
Madrid and New York-based real-time data platform Tinybird has raised $30m in a Series B funding round, for use in accelerating growth, enhancing its product offerings and expanding its global footprint.
 The firm describes its mission as 'simplifying real-time user-facing analytics for data and engineering teams worldwide' - this includes managing and speeding up the process of importing data from various sources. Data volumes are high and processing rapid. Tinybird CEO and co-founder Jorge Gómez Sancha says the company has customers that ingest half a million records per second, and processes 'several PetaBytes every day'.
Clients use the platform to build real-time user-facing applications such as in-product and internal dashboards, web site and app personalization, fraud and anomaly detection, and retail stock inventory management. The firm also partners with cloud vendors including Amazon Web Services, Google Cloud Platform and Confluent, to deliver real-time capabilities on top of an existing cloud stack.
The round was led by Balderton Capital, with participation from existing investors including CRV and Singular Ventures. Two years ago Tinybird raised $37m in a Series A round, and the new infusion of cash values the company significantly higher than at that time - now around $240m, according to a source quoted on TechCrunch.
The firm is online at www.tinybird.co .
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