InfinyOn, a Santa Clara, CA-based real-time event streaming company, announced that it raised $5 million in seed funding.
The round was led by Gradient Ventures and Fly Ventures, with participation from Bessemer Venture Partners, TSVC, and others.
The funding will be used to accelerate growth through key hires; with products built on modern cloud-native architecture, InfinyOn seeks to become a trusted partner for organizations seeking to kick off and expand their data-in-motion journey.
“We live in an event-driven world, where users communicate with businesses on multiple channels in real-time. Car vendors roll out services to detect accidents and then call drivers and passengers to ensure everyone’s safety. E-commerce vendors track packages to inform customers of their location, medical devices track blood sugar levels and make recommendations to users,” said A.J. Hunyady, co-founder and CEO of InfinyOn. “Organizations need to react to situations in real-time so they can give their users the best experience.”
InfinyOn gained traction across various industries and now ranks as one of the top vendors on G2’s list for Event Stream Processing Software products. InfinyOn makes it easy to extract, shape, and transform data from multiple sources and compute an outcome in real-time.
InfinyOn leverages Fluvio Open Source, a programmable platform for data-in-motion built in rust. With well over 1,000 Github stars, Fluvio is gaining popularity within the developer and open-source communities.
Company: InfinyOn, Inc.
Raised: $5.0M
Round: Seed Round
Funding Month: October 2022
Lead Investors: Gradient Ventures and Fly Ventures
Additional Investors: Bessemer Venture Partners and TSVC
Company Website: https://www.infinyon.com/
Software Category: real-time Event Streaming
About the Company: Founded in 2019 by A.J. Hunyady and Sehyo Chang, InfinyOn is a real-time event streaming company that built a real-time event streaming platform with in-line computation capabilities powered by WebAssembly that enables organizations to deploy and operate large-scale multi-channel data pipelines from edge to cloud. It has architected a programmable platform for data in motion built on rust and enables continuous intelligence for connected apps. The platform enables users to stream, transform and load events into any data store or application to improve operations, delight customers, and gain a competitive edge.InfinyOn aims to accelerate organizations’ journey to the real-time economy. Its cloud product lets enterprises quickly correlate events, apply business intelligence, and derive value from their data. Its mission is to accelerate the world's transition to a real-time economy.
Source: https://www.infinyon.com/press-releases/funding-announcement/