US-based data analytics system developer TileDB has raised $15m in series A funding from investors including semiconductor and data technology producer Intel’s corporate venturing arm, Intel Capital.
The round was led by venture capital firm Two Bear Capital and included Uncorrelated Ventures, Nexus Venture Partners and Big Pi Ventures.
Founded in 2017, TileDB has built a data management software platform that coordinates multiple storage formats and servers in order to perform analytics on large and versatile datasets.
The technology was invented by a team under Stavros Papadopoulos, a senior research scientist at Intel’s research and development hub, Intel Labs.
The series A cash will drive commercialisation and product development for TileDB. Mike Goguen, managing partner at Two Bear Capital, is joining its board of directors.
TileDB secured $4m in a January 2019 round led by Nexus Venture Partners that included Intel Capital and Big Pi Ventures. It came after the company raised $1m in a round co-led by Intel Capital and Nexus VP two years previously.
The original version of this article appeared on our sister site, Global University Venturing.