This investment increased the total equity investment of Striim’s Series B round to $30m.
The company will use the funds for scaling companies internationally, expanding its presence in Europe and extending its streaming data integration and intelligence solution in Cloud, SaaS and Internet of Things (IoT) applications. In conjunction with the new funding, Kevin Dillon, General Partner at Atlantic Bridge Capital, will join Striim’s Board of Directors as an Observer.
Led by Ali Kutay, founder and Chief Executive Officer, Striim provides a streaming integration and intelligence solution, which allows users to deliver custom streaming analytics applications. The platform enables multi-stream data integration and real-time Change Data Capture (CDC) across a wide variety of data sources including transactions from enterprise databases, log files, message queues, application and IoT sensor data.
With the platform, enterprises can aggregate and correlate streams from multiple data pipelines, detect anomalies, identify and visualize events of interest, and trigger alerts and workflows — all in-memory, before data lands on disk.
14/09/2015: WebAction Raises $20M in Series B Funding