Latest news with #Tessell
Time of India
25-04-2025
- Business
- Time of India
ETtech Deals Digest: Startups raise $848 million in April so far; down 27% on-year
Startups raised around $848.3 million in funding between April 1 and 25, marking a 27.2% decline compared to the same period last year, when they secured $1.1 billion across 116 rounds in April 2024. #Pahalgam Terrorist Attack India pulled the plug on IWT when Pakistanis are fighting over water What makes this India-Pakistan standoff more dangerous than past ones The problem of Pakistan couldn't have come at a worse time for D-St This month, startups, mainly in the early and late stages, raised funds across 86 rounds, compared to 116 rounds in the year-ago period, according to market intelligence platform Tracxn . Also, startups had secured about $1.9 billion from 82 rounds in March 2025. Last week, from April 19 to 25, startups collectively secured around $76 million in funding. Play Video Pause Skip Backward Skip Forward Unmute Current Time 0:00 / Duration 0:00 Loaded : 0% 0:00 Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 1x Playback Rate Chapters Chapters Descriptions descriptions off , selected Captions captions settings , opens captions settings dialog captions off , selected Audio Track Picture-in-Picture Fullscreen This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Text Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Transparent Caption Area Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Drop shadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Play War Thunder now for free War Thunder Play Now ETtech Top deals of the month GreenLine: Essar Group venture GreenLine Mobility Solutions announced raising $275 million via equity issuance to scale its green logistics business focused on liquefied natural gas (LNG) and electric trucks. Live Events Juspay: Payment aggregator Juspay closed a $60 million financing round led by domestic private equity fund Kedaara Capital, with existing investors SoftBank and Accel participating. Discover the stories of your interest Blockchain 5 Stories Cyber-safety 7 Stories Fintech 9 Stories E-comm 9 Stories ML 8 Stories Edtech 6 Stories Tessell: Cloud database startup Tessell raised $60 million in its Series B funding round led by WestBridge Capital with participation from Lightspeed Venture Partners, among others . Scapia: Travel-focussed fintech startup Scapia, founded by former Flipkart senior executive Anil Goteti, raised $40 million in a funding round led by Peak XV Partners, with existing investors Elevation Capital, Z47, and 3State Capital participating. Infinity Fincorp: Mumbai-based non-banking finance company (NBFC) Infinity Fincorp raised $40 million in an extended Series A funding round led by Beams Fintech Fund. ETtech
Yahoo
09-04-2025
- Business
- Yahoo
Tessell snags $60M to drive data management at scale
Tessell, a startup developing a multi-cloud database-as-a-service, has raised $60 million in a new funding round led by WestBridge Capital ahead of its plans to expand its market presence and launch an AI-powered conversational database management service. As data becomes more critical than ever, many companies are struggling to manage and store it efficiently. Legacy database solutions are often rigid, offering little flexibility across cloud providers. Meanwhile, most managed database services remain costly, commanding high rates for high performance. Tessell aims to solve all this with its platform. The four-year-old startup leverages decades of database kernel experience from its co-founders to offer enhanced operational database management, taking on existing relational database services, including Amazon's RDS. "Tessell is a tessellation of enterprise data," said co-founder and CEO Bala Kuchibhotla in an exclusive interview. Kuchibhotla started Tessell after spending over a decade at Oracle and four years at Nutanix. He saw an opportunity to "reimagine" operational data management after looking at the problems companies face with existing database management services. Tessell claims to deliver 10x the performance of existing database management services with a 64-73% savings within a three-year total cost of ownership thanks to its NVMe infrastructure. The technology does away with the industry-standard input-output operations per second (IOPS) metering and provides high IOPS and low latency, along with price predictability. Tessell also offers zero downtime on migrations and works to ensure databases stay up and running even if one cloud service goes down. Tessell is compatible with all four major cloud service providers: AWS, Google Cloud, Microsoft Azure, and Oracle Cloud. It also supports leading database engines like MySQL, Oracle, Microsoft SQL Server, PostgreSQL, and MongoDB. "If you are an AI application, you can spin up [or] spin down the databases that you need on the Tessell infrastructure," Kuchibhotla told TechCrunch, adding that Tessell supports both traditional databases with vector extensions and standalone vector databases. Tessell's all-equity Series B round, which also had participation from B37 Ventures and as well as existing investor Lightspeed Venture Partners, will help Tessell develop its AI-powered conversational technology designed to further simplify data management. The San Ramon-based startup, which also has an office in Bengaluru, currently has a headcount of around 143 employees. It also has 40 customers, two-thirds of which are in India, including Moody's, Aditya Birla Capital, Tata Capital, Jubilant Ingrevia, and Forbes. With the fresh funding, Tessell also plans to enter Europe and the Asia-Pacific region, enhance its go-to-market to scale up in the U.S. and India, and invest more in R&D to strengthen its services. In addition, the startup intends to look at analytics as its next possible line of business, enabling companies to funnel data from platforms such as Snowflake, Google BigQuery, or Microsoft Fabric for analysis on Tessell. Sign in to access your portfolio
