Tianmou Technology Timecho officially announced that it has completed an angel round of financing of nearly 100 million yuan: based on Apache IoTDB to create a native time series database for the Industrial Internet of Things

On June 29, Timecho, a provider of industrial IoT time series database management systems and related services, officially announced the completion of an angel round of financing of nearly 100 million yuan. This round of financing was led by Sequoia China, with the participation of Koala Fund, Gobi Ventures, and Cloud Wisdom. This round of funds will be mainly used for open source product development, open source community building, and core technical team building and expansion.

Tianmou Technology was established in October 2021. It is a company established based on the world's top open source time series database Apache IoTDB. It aims to provide users in various industries, especially industrial users with time series database products with comprehensive functions and outstanding performance worldwide. Enterprises can mine greater data value at lower cost. The founding team is composed of the initiators and core developers of two open source IoT projects, IoTDB and PLC4X under Apache (the largest international open source software foundation). Fraunhofer-Gesellschaft), Frankfurt Energy Group, Germany and a group of database core technical scientists and industrial senior experts, with more than ten years of experience in research and service for industrial users. In the field of time series data management, team members have more than 30 invention patents in China, the United States, and Europe, and have published many papers in top database conferences such as ICDE, SIGMOD, and VLDB. Apache IoTDB, which the company is built around, is the only time series database project of the Apache Foundation so far. Since entering the Apache incubator in 2018, the community has developed rapidly. The number of IoTDB community code submissions ranked seventh in the world in the 2021 Apache annual report.

In recent years, time series data management has become the focus of attention in the industry and research community. The development of the Internet of Things (IoT), especially the Industrial Internet of Things (IIoT and Industry 4.0), has further stimulated the market demand for time series data management technology, making it the field of critical software infrastructure. The main reason is that in the past, people mainly focused on the management of information-based data, so relational databases were often used to manage data. With the development of the Industrial Internet of Things, the management of data generated by machinery and equipment has become an important factor in improving quality, efficiency and excellence in industrial production. means. However, the data generated by industrial machinery and equipment has the characteristics of fast generation frequency, heavy dependence on acquisition time, many measurement points, and large amount of information. It is difficult for traditional databases to effectively store, process and query time series data. Therefore, Tianmou Technology focuses on The need for time series database management was quickly ignited.

Huang Xiangdong, chairman of the Apache IoTDB community, said that as an IoT native time-series database that supports the device-edge-cloud collaborative architecture, IoTDB has many advantages in terms of write performance, data compression ratio, query efficiency, query richness, memory space occupation, and scalable time-series computing. Has outstanding performance far exceeding similar products. In addition, IoTDB is lightweight, out-of-the-box, and can be deeply integrated with the existing big data ecosystem.

"IoTDB is an 'Internet of Things native' time series database. It is called 'native' because when we designed and wrote the first line of IoTDB code, we carried us and many leading industrial users in the field of industrial IoT for nearly ten years. Years of data management needs and experience. For example, we observed the phenomenon of out-of-order data in the Internet of Things scenario, which brings out-of-order processing capabilities; In 2018, we proposed that aggregation operations and downsampling are first-class citizens of time series data. These functions were later reflected in other similar products, which further confirmed Our observations and methods are correct. In addition, in the field of time series databases, IoTDB should also be the first to propose a device-edge-cloud collaboration architecture. In the future, it is believed that this architecture will help industrial users to better handle edge-side and cloud-side time series Data collaborative management." said Qiao Jialin, a member of the PMC (Project Management Committee) of the Apache IoTDB community ranked first in code contribution.

At present, Tianmou Technology has focused on global business expansion, and the company has been maintaining the cooperative research and development process with domestic and foreign companies. Tianmou Technology has successively received commercial cooperation orders in the fields of energy, aerospace, intelligent manufacturing, and power grids, and also focuses on industries such as steel, Internet of Vehicles, petrochemicals, meteorology, finance, and new energy vehicles.

Zheng Pengcheng, co-founder of Tianmou Technology and head of European affairs, said, "IoTDB originated from independent research and development in China and has been widely used around the world. In China, it has been used in AVIC Chengfei, CRRC, Datang Power, Gold Wind Technology, State Grid, Huawei, Changan Automobile and many other leading industrial enterprises have landed applications; internationally, IoTDB has also been tried and applied in the manufacturing and products of leading international industrial users such as Germany's Bosch, BMW, and Siemens. We have noticed , with the increase of IoTDB users, the technical support based on the open source community alone cannot fully meet the production needs of everyone. Therefore, the establishment of Tianmou Technology is the natural result of the development of the open source community. Tianmou Technology provides support for users while providing support. , and will continue to participate in the construction of the open source community, which will greatly accelerate the research and development of IoTDB and bring more professional and stable technical services to users around the world.”

Different from the concept of only open source "core code" (open core only), the Tianmou Technology team focuses on more thorough open source. With a number of Apache Foundation members and a number of open source communities (IoTDB, PLC4X, etc.) PMC, the team has a strong open source culture and will use an open approach to bring better code and products to global users.

Wang Hao, managing director of Sequoia China, the lead investor in this round, said: "We have been paying close attention to the time series database market. Although it is still in the early stage of development, we believe that with the rapid development of the global Industrial Internet of Things, there is huge room for growth in this market in the future. The Apache IoTDB open source project has a relatively strong influence at home and abroad. The Timecho team has worked in this field for many years and has very solid scientific research and engineering experience. It is hoped that the company will continue to bring more professional and stable products to global customers in the future. Serve."

Zhao Shanli, partner of Koala Fund, an investor in this round, said: "The attributes of data and the value of data also have strategic value. With the change of the Internet of Everything, time series data will establish a new data foundation and a new paradigm based on this foundation. The Timecho team has been accumulating for several years, and the original intention is to start from the foundation of data; today, we are reviewing the situation and pushing the original technology to the ground. We are very much looking forward to the original value of IoTDB products to the society.”

Zhu Lin, managing partner of Gobi Ventures, the investor of this round, said: "The Internet of Things is accelerating its penetration into many fields such as industry, automobiles, and energy, and the rate of data generation is growing rapidly. and analysis have put forward higher requirements, and are giving birth to a new generation of database products. Tianmou Technology, as a domestic team that has been deeply involved in this field for many years, has been in a leading position in technology for a long time. Its core product IoTDB is rapidly iterating through the open source community, Continue to expand its influence and empower more developers. We believe that after the completion of this round of financing, Tianmou Technology can establish a leading position in the field of IoT time series databases and build IoTDB into the world's leading IoT data infrastructure."

Cloud Wisdom, the investor of this round, said: "The cooperation between Cloud Wisdom and IoTDB has a long history. Last year, they appeared at the National 13th Five-Year Science and Technology Innovation Achievement Exhibition together with IoTDB. IoTDB is the only international top-level project of Apache time series database. Taking advantage of the leading domestic time series database, Tianmou Technology was established. Tianmou Technology is a senior participant in the open source innovation that was first written into the 14th Five-Year Plan, or in the construction of an industrial Internet platform that continues to be the focus of planning work. The new infrastructure of database software in the Internet of Things era, IoTDB not only has advanced concepts and technologies, but also has rich industry practices. In the future, Cloud Wisdom will continue to deepen the cooperation with Tianmou Technology to jointly empower enterprises’ digital transformation.”

In the next year, Tianmou Technology will continue to accelerate the development of IoTDB products, integrating more cutting-edge technologies to better handle high-end and complex equipment, as well as IoT data management of massive common equipment. The company hopes to bring together more users in an open source way, and provide algorithm libraries, customized services, cloud hosting and other value-added functions according to the needs of users in different fields. In response to the unique hardware environment at home and abroad, and the higher requirements for data, stability, functions, etc., the company will also provide a more suitable and efficient commercial version of IoTDB. In the future, Tianmou Technology hopes to work with its ecological partners to create an industrial IoT ecosystem and solutions with IoTDB as the core.

About Timecho

Timecho is an industry-leading provider of time series database management systems and related services. Founded by the Apache IoTDB core team, the company is committed to building the cornerstone of the IoT era with a high-throughput, high-compression, and high-availability time series database around the IoT-native Apache IoTDB. We hope to "let time speak", allowing enterprises to mine greater data value at a lower cost.

Original link: https://mp.weixin.qq.com/s/9bIuuSCB4IEhvNg3-Rry-g