What does Tessell do?
Tessell is a multi-cloud database-as-a-service (DBaaS) provider based in San Francisco, CA. The company offers a modern cloud database platform designed for AI applications, featuring high-performance and scalable solutions compatible with PostgreSQL and MySQL. It also provides a unified control plane for managing multiple cloud providers, a comprehensive data ecosystem connecting operational data with analytical systems, and enterprise-grade security.
How much did they raise?
The company raised $60M in Series B funding, with the round led by WestBridge Capital and participation from Lightspeed Venture Partners, B37 Ventures, and Rocketship.vc. This funding round raised Tessell’s total funding to $94M, reflecting strong confidence from the investor community.
What are their plans for the money?
Tessell plans to use the capital to accelerate its go-to-market expansion and boost its research and development efforts, focusing on AI-powered data management. The investment is expected to help the company further develop innovative solutions such as Conversational Data Management (CoDaM), enhancing how enterprises interact with and manage their data.
What have they achieved so far?
Already, Tessell has built an enterprise-grade cloud database service and a robust data ecosystem with a consumer-friendly interface. This foundation positions the company well as it advances its solutions through AI innovations and enhanced data management capabilities.
