Taos Data: Closes $47M Series B Financing

Taos Data Closes $47M Series B Financing

• Taos Data, a Beijing, China-based IoT big data platform, closed a $47m Series B financing round
• The round was led by Matrix Partners China, with participation from Sequoia Capital China, GGV Capital, and Index Capital
• The financing proceeds will be used for technology development and market expansion
• Founded in 2017, The company focuses on storage, query, analysis, and computation of time-series big data
• The company has developed the proprietary IoT big data platform TDengine which features high performance, scalability, high reliability, and zero management
• The community edition of TDengine was open-sourced in July 2019, with the addition of clustering features in August 2020