Nixtla, a San Francisco, CA-based time series intelligence company, has raised $16 million in a Series A funding round led by Energize Capital.
The round saw participation from True Ventures and GreatPoint Ventures.
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This new funding will help Nixtla improve and expand its ready-to-use models for both enterprise customers and open-source users. To support this growth, the company is hiring in engineering, product development, and sales.
Nixtla builds a foundation model specifically designed for time-series forecasting. Founded four years ago, the company set out to fix the high cost, poor reliability, and heavy maintenance of traditional forecasting systems. Since accurate forecasts are critical across many industries but hard to build and scale, Nixtla applies the same advanced algorithms used in language and vision models to time-based data. This helps organizations gain clearer insights, reduce uncertainty, and plan better.
Today, Nixtla has grown from an open-source library with more than 45 million downloads into a leading time-series intelligence platform. Both startups and major companies like Microsoft, Zalando, and Decathlon use it. Its enterprise tools help teams create forecasts that are up to 42% more accurate, detect unusual patterns, and run predictions 10 times more efficiently than traditional forecasting methods.
The company offers products ranging from Nixtlaverse, an open-source library with over 15,000 GitHub stars, to TimeGPT, the first ready-to-use foundation model for time series forecasting. Its latest updates, including TimeGPT-2.1 and Nixtla Enterprise 2.0, add features such as support for multiple data variables, and AI-driven forecasting. Nixtla has also received top ratings on G2 for Time Series Forecasting and Predictive Analytics, with high scores for ease of use, value, and return on investment.
Nixtla’s platform has already delivered strong results across demand planning, inventory management, energy forecasting and logistics. For example, it helped a major retail brand improve store-level forecast accuracy by 35% and reduced false forecasting alerts by 85% for a leading mobility company. As more companies adopt the technology, TimeGPT is becoming an industry standard and is now listed as a preferred skill in job postings at companies like OpenAI, DoorDash, and Tesla.
“This Series A funding helps us focus on what matters most—building ready-to-use systems that solve real forecasting and decision-making challenges,” said Max Mergenthaler Canseco, co-founder and CEO of Nixtla. “We are expanding our team with skilled engineers and researchers, investing more in product innovation, and continuing to develop our tools openly with the people who use them every day.”
“Time series data is essential for energy and industrial operations,” said Juan Muldoon, Partner at Energize Capital and Nixtla board member. “Nixtla is changing how companies use this data, helping them improve battery planning and predict supply chain issues. We are excited to support Nixtla as it grows this important technology to help build a stronger and more reliable economy.”
ABOUT NIXTLA
Founded in 2021 and led by CEO Max Mergenthaler Canseco, Nixtla is a time-series intelligence company that builds forecasting and anomaly detection tools for modern data teams. Through its open-source libraries and enterprise platforms, Nixtla helps organizations turn time based data into actionable insights, enabling them to plan better and make smarter decisions at scale.
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