TigerBeetle is a distributed financial transactions database engineered for high-performance online transaction processing, achieving up to 1000x faster speeds than traditional databases. It ensures mission-critical safety and fault tolerance through strict serializability and advanced storage techniques, making it ideal for applications like core banking and high-volume trading.
Funding
$24M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Traditional databases often struggle to handle the high throughput and low latency requirements of online transaction processing (OLTP) workloads, leading to performance bottlenecks and increased costs. Existing solutions may also lack the strict serializability and fault tolerance needed for mission-critical financial applications.
Solution
TigerBeetle is a distributed financial transactions database designed to address the performance and safety limitations of general-purpose databases in OLTP environments. By redesigning the storage engine and consensus protocol, TigerBeetle achieves up to 1000x faster performance than traditional databases. It enforces financial consistency, guarantees strict serializability without relying on clock synchronization, and provides fault tolerance through protocol-aware recovery, ensuring data integrity and high availability. The database is designed for debit/credit operations and can process thousands of transactions in a single query.
Target Audience
TigerBeetle targets organizations requiring high-performance, fault-tolerant transaction processing, including those in core banking, high-volume trading, instant payments, and other financial services.
Features
- Redesigned distributed database storage engine and consensus protocol optimized for OLTP workloads
- Strict serializability without betting correctness on clock sync
- Protocol-Aware Recovery for fault tolerance, utilizing global redundancy to survive local storage faults
- Support for double-entry accounting with enforced financial consistency
- Ability to process thousands of debit/credit transactions in a single query
- Static memory allocation for predictable latencies
- Deterministic simulator and model checking techniques for comprehensive testing, including fault injection
- Multi-AZ/Region/Cloud deployment with automated failover using the VSR consensus protocol
- Support for powerful primitives such as two-phase transfers, inflight balances, and multi-tenant currencies