StreamSets Inc., a San Francisco, CA-based company that speeds access to enterprise big data, closed a $12.5 million round of Series A funding.
The round was co-led by Battery Ventures and New Enterprise Associates (NEA), with participation from Accel Partners and Ignition Partners. In conjunction with the funding, Pete Sonsini from NEA and Dharmesh Thakker from Battery Ventures will join the company’s board of directors.
The company intends to use the funds to build an open source community, advance its product roadmap, and invest in partnerships and other go-to-market activities.
Co-founded in 2014 by CEO Girish Pancha, previously chief product officer at Informatica, where he was responsible for the company’s entire data integration product portfolio, and Arvind Prabhakar, who was an early employee of Cloudera, where he led teams working on integration technologies such as Apache Flume and Apache Sqoop, StreamSets provides a platform that ingests, cleanses and monitors data in motion to address this challenge and fuel real-time analysis. In addition to the funding, the company has also launched a new data ingest infrastructure, called StreamSets Data Collector, which allows businesses to accelerate data analysis and decision-making. Available under an open source Apache license (ALv2), this technology automates data movement in order to give data scientists and analysts continuous access to big data.
FinSMEs
24/09/2015