Sumatra, an Austin, Texas-based real-time data platform company, secured $1.5m in seed financing.
The round was led by S3 Ventures with participation from Sentiero Ventures, Data Power Ventures, and AI Sprouts. Eric Engineer, Partner at S3 Ventures, will join Sumatra’s Board of Directors.
The company intends to use the funds to expand operations and its business reach.
Co-Founded by Greg Kuhlmann and Lucas McGrew, Sumatra provides a SaaS based platform to deploy real-time machine learning, giving data teams self-service tools to build real-time feature pipelines from event-based data. With self-serve tools, data scientists of all skill levels can build their own streaming data pipelines – removing the data engineering dependencies that delay or block most real-time machine learning and analytics deployments – including fraud prevention, cybersecurity, conversion optimization, credit underwriting, and delivery logistics.
The funding coincides with General Availability of the company’s SaaS platform.
After earning his Ph.D. in Machine Learning from UT Austin, Kuhlmann joined Apple where he led anti-fraud data science teams for its App Store and Apple Pay services, while also helping develop the company’s centralized operational ML platform.
Having previously built algorithmic financial trading systems, McGrew, who leads Sumatra’s technology development, has designed the platform using a serverless cloud architecture for scalability and easy deployment.
FinSMEs
13/07/2022