Taosi Data completes US$47 million in Series B financing to define the core infrastructure of the next-generation Internet of Things

On May 24, 2021, Taosi Data, the world's leading Internet of Things big data platform, announced the completion of US$47 million in Series B financing. This round of financing was led by Matrix Partners China, followed by Sequoia Capital China Fund, GGV Jiyuan Capital, Index Capital and Index Capital as the exclusive financial advisor. The financing funds will be mainly used for technology research and development and market expansion.

Taosi Data was established in 2017, focusing on the storage, query, analysis and calculation of big data in time series space. Without relying on any open source or third-party software, it has developed a high-performance, scalable, highly reliable, and zero-management IoT big data platform TDengine with independent intellectual property rights and independent control. It can be widely used in the Internet of Things, the Internet of Vehicles, and the industry. Internet, IT operation and maintenance and other fields. TDengine was officially open sourced in July 2019, and the cluster version was open sourced again in August 2020. It has ranked first on the GitHub global trend list many times. It has received 15000+ Stars and more than 3800 forks, making it the most popular open source. project. In January 2020, it received nearly 10 million US dollars of Pre-A round of financing from GGV Jiyuan Capital, Sequoia China Seed Fund, and Everbright Ruijin. In April 2020, it received more than 1,000 yuan from Sequoia Capital China Fund and GGV Jiyuan Capital. Million USD in Series A financing.

world's leading technology & product capabilities define the core infrastructure of the next-generation Internet of Things

Taosi Data's products are highly standardized, do not require customized development, and are oriented to rapid global replication. The pure software form can realize remote delivery and deployment. Its IT basic platform is positioned to fully carry the customer's Internet of Things big data application scenarios, which can deeply bind the customer's Internet of Things business for a long time and become a unique infrastructure.

The TDengine IoT big data platform independently developed by Taosi Data has the ultimate performance, which can increase the data insertion and query response speed by 10 times+; it is user-friendly, supports various interfaces such as C/C++, Java, Python, and can be installed directly without third-party software , Learning and using zero cost; rich ecology, perfect technology ecology built for the characteristics of the Internet of things does not need to integrate peripheral components, out of the box, perfectly compatible with various IT environments and applications; extremely cost-effective, the All in one solution greatly simplifies the system architecture , Reduce operation and maintenance costs. Compared with the existing technology, the demand for computing resources is reduced by 80%, and the demand for storage resources is reduced by 90%, reaching a TCO saving efficiency of nearly 50%.

Open source community influence builds a high-value commercialization path

As a leader in domestic open source software companies, Taosi Data has formed a complete CI/CD process based on GitHub very early, and can be amicably connected with third-party tools such as Telegraf, Prometheus, Grafana, Matlab, R, and the open source model is greatly reduced. The threshold for customer learning and deployment; quantifiable performance and TCO optimization performance can also greatly shorten the customer's decision-making path.

In terms of commercialization, Taosi Data's low-cost conversion path from "open source" to "commercial version" purchases has formed a closed loop. Tao Jianhui said that many customers are actively looking for doors through the open source community, and they can independently complete the installation and deployment. In 2020, Taosi Data has cumulatively provided services to customers in various fields such as energy and power, high-end manufacturing, smart cities, etc. The growth rate of signed contracts reached 329%, and the customer unit price increased by 179%.

There are currently three versions of TDengine, including an open source community version: used to build a brand, expand developer community influence, and establish an ecosystem; enterprise version: support independent deployment and be sold in accordance with the annual subscription model of TBL (Term Based License). Credits, collected data volume) and other billing; cloud service version: directly provide PaaS services on cloud platforms such as Alibaba Cloud, AWS, etc., and billing is based on the amount of data and duration.

with top technical capabilities, rich entrepreneurial experience and a global perspective

The founder Tao Jianhui has studied and worked in the United States for more than ten years, and has successfully established two companies, "Hexin" and "Happy Mommy". Based on continuous entrepreneurial experience in the technical field, Tao Jianhui has a deep understanding of the scenarios and pain points of the Internet of Things and smart hardware, as well as rich technical experience in the processing of time series data.

In addition, Taosi Data's R&D team all graduated from well-known universities or institutions such as China University of Science and Technology, Chinese Academy of Sciences, Tsinghua University, Shanghai Jiaotong University, University of Michigan, University of Maryland, etc., with a master's or doctoral degree, and are in distributed computing, data storage and database. Has many years of research and development experience. The team background has both technical academic genes and industry management experience, which provides a solid guarantee for Taosi Data's strategic structure and business strength.

Investment Institution Perspective

This round of lead investor Jingwei China partner Zuo Lingye said: The Internet of Things is fully upgrading the real world. With the implementation of Internet of Things applications in various industries, the number of Internet of Things access devices and the amount of data will continue to grow rapidly, and data usage The method has also changed a lot. Taosi Data's big data products with time series databases as the core have been verified by leading customers in multiple industries such as energy and power, logistics, high-end manufacturing, the Internet, and smart cities. The open source community is highly active and products continue to iterate rapidly. CEO Tao always starts his own business and has always had great enthusiasm for technology and products. The team has a global vision and a champion mentality, and has been committed to building the world's top products. I believe that in the future, Taosi Data's products will become one of the core infrastructures in the Internet of Things era.

Wu Ming, investment partner of Sequoia Capital China Fund, believes that with the rapid penetration of IoT applications in many fields such as consumption, energy, industry, and smart cities, the number of connected devices and data volume of the Internet of Things is growing rapidly. Taosi Data aims at the growing big data market of the Internet of Things, with accurate product positioning, and has formed a strong competitiveness in the Internet of Things market. Its core product, TDengine, has obtained a large amount of positive feedback from the open source community through open source methods, enabling continuous rapid iteration. The influence of open source has also brought about a rapid increase in the number of paying users. It is believed that after the B round of financing, Taosi Data can continue to expand its advantages in the field of IoT big data, and build TDengine into the world's leading IoT data processing platform.

Fu Jixun, managing partner of GGV Jiyuan Capital, said: China has the world's leading technology accumulation and the number of device connections in the field of Internet of Things, and it is still growing rapidly. As a time series database specially applied to IoT scenarios, Taosi Data can greatly improve the efficiency of storage, query, analysis and calculation, making the development of IoT applications more convenient. We are optimistic that Taosi Data will continue to expand its influence in the open source community and empower more developers. GGV will continue to support the company's development and become a Chinese basic software company with global influence.

Wei Wei, Executive Director of Index Capital, believes that the rapidly exploding data scale and strong demand for data mining and analysis with the development of the Internet of Things are driving the innovation of the next generation of underlying data technology. At the same time, open source software has become one of the important development paths of basic software overseas. In recent years, with the accumulation of talents and technical reserves, local open source software companies in China have also shown increasing influence on a global scale. force. Under the leadership of Mr. Tao, Taosi Data has been widely recognized by the global open source community and commercial customers with its forward-looking technological innovation, and has become the best solution in the field of big data in the Internet of Things. Its core product, TDengine, has also demonstrated vigorous vitality and high development speed in the open source community with keen technical insights and excellent community operation capabilities. Index Capital is firmly optimistic about the development potential of Taosi Data, and believes that the company can continue to stabilize its global technological influence and business development momentum in the future, and become the core support for enterprise data processing in the Internet of Everything era. It is hoped that with the help of top investors, the company can magnify its existing advantages and continue to lead the global IoT big data technology ecological innovation.