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Tessell snags $60M to drive data management at scale
Apr 11, 2025
A startup has just secured $60 million to enhance its multi-cloud database management solutions. The focus is on revolutionizing data management with advanced performance and flexibility. Excitingly, they plan to launch an AI-powered conversational database service, set to change how we interact with data. This funding marks a significant step towards expanding their market presence and introducing innovative technology.
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Quick takeaways
- Tessell has raised $60 million to enhance its multi-cloud database service, aiming for significant performance improvements and cost savings.
- The startup plans to expand its market presence globally while bolstering R&D efforts and introducing analytics as a new business line.
Deep dives
Tesla's Innovative Multi-Cloud Database Solution
Tesla is developing a multi-cloud database service aimed at enhancing operational database management for various companies. The startup has raised $60 million to launch an AI-powered conversational database management service, solving issues associated with existing legacy database solutions that often lack flexibility and are expensive. Tesla's technology promises to deliver tenfold performance improvements while providing significant cost savings for users, thanks to its NVMe infrastructure and predictable pricing. The platform supports major cloud services and database engines, allowing companies to efficiently manage their data across different environments.
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