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We took great effort to try to draw a clear line within the actual Timescale License language [0].

Usage is permitted, as long as:

  the [end-]customer is prohibited, either contractually or technically, from
  defining, redefining, or modifying the database schema or other
  structural aspects of database objects, such as through use of the
  Timescale Data Definition Interfaces, in a Timescale Database utilized by
  such Value Added Products or Services.
In other words, if your service just provides DML access (read/write/modify), then that is permitted, while DDL access (modifying/creating schemas) is not permitted.

And in fact we already have thousands of companies building commercial applications on top of Timescale Licensed software (while adhering to the license).

[0] https://github.com/timescale/timescaledb/blob/master/tsl/LIC...






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