Equalum, a Tel Aviv, Israel- and Sunnyvale, CA-based Data Beaming technology provider enabling enterprises to transport data throughout the enterprise, raised $18m in Series B funding.
The round, which brings total funding raised to date to $25m, was led by Planven joined by United Ventures and other European investors, and existing investors Innovation Endeavors and GE Ventures.
The company intends to use the funds to continue to expand its business reach in Europe as well as grow its channel and technology partner network.
Led by CEO Nir Livneh, Equalum enables data-rich enterprises to consolidate data from disparate systems into central stores like warehouses and data lakes to power real-time analytics. The technology leverages open source big data frameworks like Spark and Kafka in a fully-managed solution that requires no manual configuration, coding, or maintenance.
The company’s portfolio includes a global footprint across four continents and multiple Fortune 100 companies.
FinSMEs
29/05/2019