GV Leads $50 Million Round in Redpanda

<p><strong><span class&equals;"xn-location">SAN FRANCISCO<&sol;span><&sol;strong> &&num;8212&semi; Redpanda Data &lpar;formerly known as Vectorized&rpar; has raised <span class&equals;"xn-money">&dollar;50M<&sol;span> in Series B funding&comma; led by GV with participation from Lightspeed Venture Partners &lpar;LSVP&rpar; and Haystack VC&period; Released in early 2021&comma; Redpanda is a modern streaming platform that gives developers a simple&comma; fast&comma; reliable&comma; and unified &&num;8220&semi;engine of record&&num;8221&semi; for both real-time and historical enterprise data&period; With its latest capital infusion&comma; Redpanda has raised <span class&equals;"xn-money">&dollar;76M<&sol;span> to-date and plans to grow its global engineering and go-to-market teams as customer adoption accelerates&period;<&sol;p>&NewLine;<p>&&num;8220&semi;Redpanda has built streaming data infrastructure for developers from the ground up to deliver simplicity&comma; performance&comma; and reliability while enabling enterprises to continue to run the software stacks they&&num;8217&semi;ve already invested in&comma;&&num;8221&semi; said <span class&equals;"xn-person">Dave Munichiello<&sol;span> of GV&period; &&num;8220&semi;We&&num;8217&semi;re thrilled to partner with <span class&equals;"xn-person">Alex Gallego<&sol;span> and the entire team as they build the preeminent platform for developing modern applications that rely on real-time streaming data&period;&&num;8221&semi;<&sol;p>&NewLine;<p>Business systems&comma; services and applications increasingly depend on real-time data&period; While more businesses are looking to adopt a streaming-first approach to managing all their data&comma; traditional streaming data platforms force businesses to manage real-time and historical data in silos&comma; hindering business agility and driving a high total cost of ownership&period; However&comma; legacy streaming data platforms are architected for experts&comma; operationally complex&comma; and unable to keep pace with growth without compromising data safety and performance&period;<&sol;p>&NewLine;<p>&&num;8220&semi;Redpanda is what I wished I had ten years ago&period; Simple&comma; fast&comma; reliable and compatible with all my existing Kafka code&comma;&&num;8221&semi; said <span class&equals;"xn-person">Sandy Wilbourn<&sol;span>&comma; VP Carrier Division at Akamai Technologies&period;<&sol;p>&NewLine;<p>Redpanda revolutionizes the streaming data layer into a platform for building the next generation of applications and services&period; API-compatible with Apache Kafka®&comma; Redpanda introduces a breakthrough architecture and capabilities that free developers from the limitations of previous approaches&period;<&sol;p>&NewLine;<ul>&NewLine;<li>A single binary to deploy&comma; with built-in schema registry and no external dependencies &lpar;no ZooKeeper® or JVM&rpar; for a more productive experience across local development&comma; integration and production<br class&equals;"dnr" &sol;><br class&equals;"dnr" &sol;><&sol;li>&NewLine;<li>Built by performance-obsessive engineers for up to 6x faster transactions and 10x lower tail latencies&comma; while significantly reducing the hardware footprint<br class&equals;"dnr" &sol;><br class&equals;"dnr" &sol;><&sol;li>&NewLine;<li>Reliable for mission-critical workloads—safe by default&comma; with zero data loss&comma; and predictability at petabyte scale in cloud-native environments<br class&equals;"dnr" &sol;><br class&equals;"dnr" &sol;><&sol;li>&NewLine;<li>A new approach to tiered storage and onboard data transformation capabilities&comma; resulting in a single&comma; secure&comma; limitless platform for processing historical and real-time data<&sol;li>&NewLine;<&sol;ul>&NewLine;<p>Redpanda founder and CEO <span class&equals;"xn-person">Alex Gallego<&sol;span> says&comma; &&num;8220&semi;The world has shifted to real-time first&comma; raising the criticality of data streaming in the modern stack&period; We are empowering every developer to realize today the customer experiences of the future through data-intensive applications and services leveraging the full spectrum of data&period; While our current products already offer huge advantages in terms of simplicity&comma; reliability&comma; and performance&comma; our sights are set on much bigger goals&period; We aim to fundamentally reshape and extend how organizations make use of streaming data&period; It is energizing to have a board that supports our vision and has the financial muscle to power our explosive growth&period;&&num;8221&semi;<&sol;p>&NewLine;