DeltaStream Digs Up $15 Million Funding

MENLO PARK &&num;8212&semi; DeltaStream, Inc&period;, a serverless stream processing platform, has raised &dollar;15 million in Series A funding from New Enterprise Associates (NEA), Galaxy Interactive and Sanabil Investments&period; The funding will accelerate the company’s vision of enabling a complete serverless stream processing platform to manage, secure and process all streaming data, irrespective of data source or pipeline&period;<a id="tweet-pull-quote" href="https&colon;//www&period;businesswire&period;com/news/home/20240917824271/en/DeltaStream-Raises-15M-in-Series-A-Funding-to-Deliver-the-Future-of-Real-Time-Stream-Processing-in-Cloud&num;"></a>&NewLine;Event streaming platforms such as Apache Kafka have become essential in today’s data-driven industries, with many sectors adopting real-time data streaming&period; As AI advances, real-time data is becoming even more critical for applications&period;&NewLine;DeltaStream, founded by Hojjat Jafarpour, CEO and creator of ksqlDB, helps organizations build real-time streaming applications and pipelines with SQL in minutes&period; The platform leverages the power of Apache Flink© while simplifying its complexity, making it accessible to businesses of all sizes–from startups to large enterprises&period; DeltaStream is available as a fully managed service or a bring-your-own-cloud (BYOC) option&period;&NewLine;&&num;8220&semi;Streaming data is essential for modern apps, but it&&num;8217&semi;s been difficult and costly to get value from it&period; DeltaStream’s serverless platform simplifies infrastructure management, allowing users to focus on building their applications,&&num;8221&semi; said Hojjat Jafarpour&period; &&num;8220&semi;To fully benefit from real-time data, customers need an organized view across all data stores, role-based access control, and secure sharing of real-time data&period; What Databricks and Snowflake did for stored data, DeltaStream does for streaming data&period;&&num;8221&semi;&NewLine;DeltaStream also integrates with Databricks and Snowflake, letting customers create real-time pipelines that quickly move data from streaming platforms like Apache Kafka to these systems&period;&NewLine;&OpenCurlyDoubleQuote;We&&num;8217&semi;re seeing rapid adoption of streaming data and the rise of platforms such as Apache Flink,” NEA partner and DeltaStream board member Aaron Jacobson explained&period; &OpenCurlyDoubleQuote;However, one of the main challenges of using such systems has been their operational complexity&period; With DeltaStream, users have the power of Apache Flink©= without having to deal with its complexity resulting in significantly cost effective and accelerated time to market for real-time data applications&period;”&NewLine;&&num;8220&semi;DeltaStream is leading the charge in real-time streaming, where speed, low latency and intelligent decision-making are critical for businesses to maintain a competitive edge,” said Jeff Brown, Galaxy Interactive Partner, &OpenCurlyDoubleQuote;Their enterprise grade, secure, and scalable solution simplifies complex stream processing, allowing teams to focus on deriving insights rather than managing infrastructure&period;”&NewLine;

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