StreamNative Lands $23 Million Series A

<p><strong><span class&equals;"xn-location">SAN FRANCISCO <&sol;span><&sol;strong>&&num;8212&semi; StreamNative&comma; a unified messaging and streaming platform founded by the original developers of Apache Pulsar&comma; has raised <span class&equals;"xn-money">&dollar;23 million<&sol;span> in its Series-A round led by Prosperity7 Ventures&comma; the diversified growth fund of Aramco Ventures&comma; and followed by their seed investors&period; The company provides a platform to enable companies to manage the entire lifecycle of data in any cloud environment across the enterprise&period;<&sol;p>&NewLine;<p>&&num;8220&semi;With mobile internet and big data taking center stage&comma; moving to cloud-native environments is a growing necessity&period; This is where Pulsar shows superiority as a data messaging infrastructure&comma; unlocking flexibility to more computing power and more storage in an efficient and cost-effective manner&comma;&&num;8221&semi; said <span class&equals;"xn-person">Ayar Tayeb<&sol;span>&comma; Executive Managing Director of Prosperity7 Ventures&period; &&num;8220&semi;When the original creators of Apache Pulsar join forces under StreamNative&comma; 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&period;&&num;8221&semi;<&sol;p>&NewLine;<p>The investment in StreamNative underscores the market shift from legacy messaging technologies to real-time data and streaming on Kubernetes&period; StreamNative provides an enterprise-ready&comma; turnkey solution to help organizations make the transition to event-driven architectures&period; The StreamNative platform includes the features&comma; 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&period; It offers unprecedented flexibility to support both cloud managed and cloud hosted environments across industries such as fintech&comma; banking and e-commerce&comma; among others&period; Its customers today include Iterable&comma; Narvar&comma; Applied Materials&comma; and Flipkart&comma; and more&period;<&sol;p>&NewLine;<p><b><&sol;b>StreamNative was founded by the original creators of Pulsar&comma; <span class&equals;"xn-person">Sijie Guo<&sol;span> and <span class&equals;"xn-person">Matteo Merli<&sol;span>&comma; who started developing advanced real-time messaging and streaming technologies at Yahoo&excl; in 2010&period; Since then&comma; the two have continued to advance real-time streaming and messaging in top technology companies&comma; including at Twitter and Splunk&comma; and both are active members of the Apache Pulsar PMC&period;<&sol;p>&NewLine;<p>&&num;8220&semi;We originally built Pulsar to solve the global messaging and data challenges at Yahoo&excl;&comma; 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&comma;&&num;8221&semi; said <span class&equals;"xn-person">Sijie Guo<&sol;span>&comma; co-founder &amp&semi; CEO&comma; StreamNative&period; &&num;8220&semi;At StreamNative&comma; we are building a turnkey&comma; enterprise-ready platform to do just that&period;&&num;8221&semi;<&sol;p>&NewLine;

Editor

SandboxAQ Signs $500 Million Deal With Dept. of Commerce

PALO ALTO -- SandboxAQ has signed an agreement with the U.S. Department of Commerce's CHIPS Research…

12 hours

Uber Teams Up With Life360 for Teen Accounts

SAN FRANCISCO -- Life360 and Uber have launched the next phase of a strategic partnership, allowing…

12 hours

Ouster Partners With AIM Intelligent Machines

SAN FRANCISCO -- Ouster, Inc. is teaming up with AIM Intelligent Machines, an AI platform…

3 days

Bland Excites With $50 Million Investment Led by Dell

SAN FRANCISCO -- Bland has raised a $50 million Series C. The company specializes in voice AI…

3 days

Genspark Closes $275 Million Series B

PALO ALTO -- Genspark has closed an oversubscribed $275 million Series B financing round at…

3 days

Fox to Buy Roku for $22 Billion

NEW YORK & SAN JOSE — Fox Corporation -- owner of the Fox TV network,…

1 week