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Taos Data: Closes $47M Series B Financing | Fintech InShorts: Latest fintech news, analysis by experts

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Taos Data: Closes $47M Series B Financing

By Steve Sam

May 26, 2021

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

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