WebAction, Inc., a Palo Alto, CA-based provider of a platform for end-to-end streaming data integration and streaming analytics, raised $20m in Series B funding.
The round was led by Intel Capital, with participation from existing investors Summit Partners, Panorama Point Partners, Frank Caufield and Regis McKenna, as well as a new strategic investor. In conjunction with the funding, Igor Taber, investment director for Big Data and Analytics at Intel Capital, will join WebAction’s board of directors.
The company, which rebranded as Striim, intends to use the funds to expand development and marketing efforts, accelerate sales, and build distribution channels.
Founded in 2012 by Ali Kutay, founder, president and CEO, WebAction provides a streaming integration and intelligence solution that enables multi-stream data integration and real-time Change Data Capture (CDC) across a wide variety of data sources including transactions from enterprise databases, events, log files, application and IoT sensor data.
With the platform, enterprises can detect anomalies, identify and visualize events of interest, and trigger alerts and workflows.