Redpanda Data, a San Francisco, CA-based streaming data platform for developers, raised $100M in Series C funding.
The round, which brought the total amount to $165M, was led by returning investors Lightspeed Venture Partners, along with GV and Haystack VC.
The company intends to use the funds to expand operations and its business reach to power data-intensive applications with new capabilities that are beyond the scope of legacy streaming data platforms.
Led by CEO Alex Gallego, Founder and CEO, Redpanda is a streaming data platform for developers. Built from the ground up with a native Kafka API, the system is engineered to eliminate complexity, maximize performance, and reduce costs for companies like Activision, Texas Instruments, Midjourney, StoneX, Cisco, Lacework, Optimizely, Vodafone, Moody’s, Jump Trading and NCR, who use it to push terabytes of streaming data a day through their applications and services.
Redpanda has seen broad adoption of its offerings across data-intensive industries such as finance, technology, cybersecurity, manufacturing, gaming, aerospace and more. 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.
FinSMEs
03/05/2023