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
