Redpanda Raises $50M in Series B Funding


Redpanda (formerly Vectorized), a San Francisco, CA-based streaming data platform provider, raised $50M in Series B funding.

The round was led by GV with participation from Lightspeed Venture Partners (LSVP) and Haystack VC.

The company intends to use the funds to grow its global engineering and go-to-market teams as customer adoption accelerates.

Led by CEO Alex Gallego, Redpanda is a streaming data platform for developers. API-compatible with Apache Kafka, Redpanda introduces a new architecture and capabilities that make it a fast and unified engine of record for both real-time and historical enterprise data.

The solution is gaining traction across data-intensive industries including technology, fintech, entertainment, game development, and IoT and has seen the number of deployed clusters grow from a few thousand to hundreds of thousands within the past year. The streaming data platform is source available to developers under the BSL license. Enterprises also partner with Redpanda for self-hosting in production environments and to access Redpanda cloud offerings.

Cisco, Laceworks, Mr Yum, JumpTrading, and Alpaca use Redpanda to push hundreds of terabytes of streaming data a day through their streaming applications and services.