WarpStream Labs, a Chicago, IL-based cloud native data streaming infrastructure company, raised $20M in funding.
The round was led by Greylock and Amplify Partners with participation from angels Ben Sigelman (CEO of Lightstep), Spencer Kimball (CEO of CockroachDB), and Barry McCardel (CEO of Hex Technologies).
The company will use the funds to hire more engineers, scale their go to market team, and invest in new product lines.
Co-founded by Richard Artoul, CEO, Ryan Worl, CTO, WarpStream provides a drop-in replacement for Apache Kafka that runs directly on top of object storage, with no local disks. Its primary innovation is that it separates compute from storage like a modern data lake does by using object storage (such as AWS S3) as the primary and only storage. Writing and reading directly from object storage enables WarpStream to eliminate inter-zone networking costs which often represent 80%+ of the total cost of ownership of running a large scale Kafka workload. In addition, WarpStream’s compute layer is completely stateless, enabling instant and unlimited scalability while eliminating almost all of the operational burden associated with Apache Kafka.
FinSMEs
14/03/2024