StreamSets Secures $20M in Series B Funding

StreamSets Inc., a San Francisco, CA-based provider of an enterprise data operations platform, raised $20m in Series B funding.

Backers included Accel Partners, Battery Ventures and New Enterprise Associates (NEA).

The company intends to use the proceeds for market expansion in North America and Europe and to accelerate delivery of new capabilities in its platform components.

Founded by Girish Pancha, former chief product officer of Informatica, and Arvind Prabhakar, a former engineering leader at Cloudera, StreamSets provides an innovative data operations platform for enterprises to deliver data to their critical applications. The platyform’s cmain components are:
– StreamSets Data Collector™, open source software for the development of any-to-any dataflows.
– StreamSets Dataflow Performance Manager (DPM™), which provides a comprehensive control panel for managing the day-to-day operation of complex dataflow topologies.

StreamSets is deployes by enterprises to manage their data in motion to conduct key initiatives such as big data lakes, the Internet of Things, cybersecurity and customer 360 applications.
In the 20 months since its public launch, it has surpassed 250,000 open source downloads, identifying half of the Fortune 100 and well over 1,000 companies within that community.



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