Striim Raises $50M in Series C Funding

Striim, Inc., a Palo Alto, Calif.-based provider of a real-time data integration platform, raised $50m Series C financing.

The round was led by Goldman Sachs Growth Equity with participation from Summit Partners, Atlantic Bridge Ventures, Dell Ventures, Bosch Ventures. As part of the transaction, Bob Kelly, former Microsoft executive and current Operating Partner for Goldman Sachs, will join Striim’s Board of Directors.

Led by Founder & CEO, Ali Kutay, Striim provides an enterprise-grade streaming data integration solution for moving data in real-time to the cloud. Its technology collects data from on-premises or cloud enterprise databases leveraging non-intrusive, change data capture technology. This data can then be delivered to virtually any target on-premises or in the cloud with sub-second latency utilizing over 3,500 out-of-the-box source/target combinations. The company boasts a customer base in the Financial Services, Retail, Healthcare, Logistics, Telecom and Manufacturing markets in addition to a strategic partnership network with cloud database providers including Google Cloud and Microsoft Azure.

Striim recently announced a preview release of StreamShift, a new managed service offering that helps enterprises migrate databases from on-premise to the cloud quickly and securely. A full release of the managed service offering is expected in Q2 2021, allowing customers to migrate to databases across clouds including Google Cloud, Azure and AWS.

The company now has over a hundred full-time employees across offices in Palo Alto, CA and Chennai, India.

FinSMEs

31/03/2021