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Friday, February 23, 2024

Latham advises Tinybird on US$37m Series A

A cross border Latham & Watkins team has advised real-time data analytics firm Tinybird on a Series A US$ 37 million financing round to help developers and data teams build products, led by led by CRV and Singular Ventures

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Tinybird has just closed out a Series A funding round to take-in $37 million. The company raised the funds via investors Crane Ventures, Datadog CPO Amit Agarwal, and Vercel CEO Guillermo Rauch, along with new investments from CRV and Singular Ventures.

Tinybird’s Stephane Cornille, said the company plans to use the funds to expand into new regions, build connectors for additional cloud providers, create new ways for users to build their own connectors, provide tighter Git integration, Schema management and migrations, and better defaults and easier materialisation.

Tinybird’s seed funding round in 2021 raised $3 million toward its goal of building a product that ingests data in real time, turns it into SQL, and automatically builds a production-ready API ready to be rolled out into live environments. As an added perk, API transformations happen on the fly, ensuring that the latest data is always represented.

Tinybird CEO and co-founder Jorge Sancha said: “This is a pivotal moment for us, and we couldn’t be more thankful for their support and more encouraged to deliver on our vision for data and real time analytics. We want to enable any developer to build massively scalable real time data products with the tools they already use every day – SQL and APIs – and in the way they already build software. This investment will allow us to double down on that mission, delivering even more exciting features for developers and data teams, as well as improving how we support our existing customers.’

The US team was led by New York partner Peyton Worley, with associate Dian Yu. The European team was led by Madrid partner Ignacio Gómez-Sancha, with associates Carmen Esteban and Elena Martínez de Luco. Advice was also provided on Benefits and Compensation matters by Madrid partner Naiara Rodríguez-Escudero.

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