Venture Capital

StreamNative Lands $23 Million Series A

SAN FRANCISCO — StreamNative, a unified messaging and streaming platform founded by the original developers of Apache Pulsar, has raised $23 million in its Series-A round led by Prosperity7 Ventures, the diversified growth fund of Aramco Ventures, and followed by their seed investors. The company provides a platform to enable companies to manage the entire lifecycle of data in any cloud environment across the enterprise.

“With mobile internet and big data taking center stage, moving to cloud-native environments is a growing necessity. This is where Pulsar shows superiority as a data messaging infrastructure, unlocking flexibility to more computing power and more storage in an efficient and cost-effective manner,” said Ayar Tayeb, Executive Managing Director of Prosperity7 Ventures. “When the original creators of Apache Pulsar join forces under StreamNative, you can safely bet that StreamNative will continue to develop the platform to achieve stronger performance and drive new highs in real-time analytics and a lot more.”

The investment in StreamNative underscores the market shift from legacy messaging technologies to real-time data and streaming on Kubernetes. StreamNative provides an enterprise-ready, turnkey solution to help organizations make the transition to event-driven architectures. The StreamNative platform includes the features, tooling and support to accelerate time-to-value and enables developers to focus on building applications instead of managing and maintaining complex systems and data services. It offers unprecedented flexibility to support both cloud managed and cloud hosted environments across industries such as fintech, banking and e-commerce, among others. Its customers today include Iterable, Narvar, Applied Materials, and Flipkart, and more.

StreamNative was founded by the original creators of Pulsar, Sijie Guo and Matteo Merli, who started developing advanced real-time messaging and streaming technologies at Yahoo! in 2010. Since then, the two have continued to advance real-time streaming and messaging in top technology companies, including at Twitter and Splunk, and both are active members of the Apache Pulsar PMC.

“We originally built Pulsar to solve the global messaging and data challenges at Yahoo!, but it quickly became clear that what we were building could be used to define the future of event-driven and unified messaging and streaming for cloud native environments,” said Sijie Guo, co-founder & CEO, StreamNative. “At StreamNative, we are building a turnkey, enterprise-ready platform to do just that.”