Icon Ventures has led a new round of funding for Timescale, a company developing the foundational technology for businesses storing, analyzing, and acting on time-series data, with $15 million in Series A1 financing. This brings the total funding to over $31 million, as Timescale continues to grow its presence in the accelerating time-series data market. The company has also released a new version of its open-source database, TimescaleDB 1.2, which includes community features and enterprise features, complementing the existing open-source core. With this release, TimescaleDB is now available with a free, open-source license and a paid, commercial license, allowing businesses to choose their level of investment in the technology. The company's growth has been driven by its ability to help organizations analyze the past, monitor the present, and predict the future through time-series data, which is becoming increasingly important as storage becomes cheaper and computing becomes more powerful. TimescaleDB is now being used by a wide range of businesses, including industrial IoT data analysis, IT and network monitoring systems, financial systems, in-application metrics, geospatial asset tracking, and more. The company's growth has been fueled by its community momentum, with over 1 million downloads, 6,500+ GitHub stars, and ~2,000 members in its Slack community. With this new funding, Timescale plans to accelerate its growth, add fuel to the fire, and tackle what it believes is a fundamental problem for the future of data and computing.