DeltaStream Digs Up $15 Million Funding

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