Crate.io, the San Francisco CA-based developer of CrateDB, an open source SQL database for real-time machine data and IoT applications, raised $11m in Series A funding.
The round was led by Zetta Venture Partners and Deutsche Invest Equity with participation from Mike Chalfen, Momenta Partners and Charlie Songhurst and existing investors Draper Esprit, Vito Ventures and Solomon Hykes.
The company intends to use the funds to accelerate development and adoption of both the commercial and open source offerings.
Led by Christian Lutz, CEO, Crate.io develops data management solutions for companies to let IoT and machine data work.
In conjunction with the funding, the company announced the commercial-availability of Crate Machine Data Platform and version 3.0 of the open source CrateDB.
The Crate.io machine data platform is a data layer, offered as a hosted cloud service, enabling development of IoT platforms and data-driven smart factories.
CrateDB is an open source SQL database for real-time processing of IoT and machine data such as manufacturing sensor data, logs, messages and device-generated GPS data. The database makes machine data applications that were previously only possible using NoSQL solutions available to mainstream SQL developers. It is designed to scale query throughput of complex data structures linearly with cluster size, making capacity both more predictable and affordable than other solutions.
The company has offices in Berlin, New York City, and Dornbirn, Austria.
FinSMEs
19/06/2018