data Artisans, a Berlin, Germany-based provider of low-latency data stream processing solutions, raised €5.5m (US$6m) in Series A funding.
The round was led by Intel Capital with participation from Tengelmann Ventures as well as existing investor b-to-v Partners. In conjunction with the funding, Erik Jorgensen, director at Intel Capital, joined dataArtisans’ Advisory Board.
The company, which has raised US$7.3m in total, intends to use the funds to build better support for users of Apache Flink, and to further develop analytics products based on the Apache Flink advanced Open Source scalable stream data processing framework.
Founded by the original creators of the Apache Flink project, CEO Kostas Tzoumas and CTO Stephan Ewen, data Artisans leads the development and the direction of Flink, enabling enterprises to transition their data infrastructure to a streaming-based real-time architecture.
Application developers can leverage Flink’s streaming dataflow engine that provides data distribution, communication and fault tolerance for computations over data streams. The community recently announced general availability of the Flink 1.0 release, now in use at Global Fortune 500 companies across the World. Enterprises using Flink include Capital One, Ericsson, Bouygues Telecom, Amadeus, ResearchGate, and interactive entertainment gaming company King.com.
The company also has a presence in San Francisco, CA.
FinSMEs
30/03/2016