StreamNative, San Francisco, California-based Messaging and streaming platform startup raised $23 million in Series A to advance its stream storage and messaging technologies.
Prosperity7 led the Series A round, and Sequoia Capital also participated.
The funds will be used to expand the firm’s personnel and expedite R&D efforts, expand Pulsar’s ability to solve new use cases, develop additional integrations, and form strategic alliances, according to the company.
Company: StreamNative, Inc.
Raised: $23.7M
Round: Series A
Funding Month: September 2021
Leading Investors: Prosperity7
Additional Investors: Sequoia Capital
Company Website: https://streamnative.io/
Software Category: Messaging and streaming platform
About the Company: StreamNative was founded in 2019 by the original developers of Apache Pulsar. StreamNative is a cloud-hosted messaging and event streaming platform driven by Apache Pulsar. The original creators of Apache Pulsar founded it. It provides functionality, tooling, and SDKs to facilitate data-driven apps’ design, management, and maintenance, allowing businesses to access company data as real-time streams. StreamNative, which has secured $30 million in funding to date, claims to have over 40 customers in marketing, internet of things, payments, and banking, including Fortune 100 and Fortune 500 companies. In the next 12 months, the company plans to triple its workforce of over 50 employees and integrate “data lakehouse” technologies like Databricks’ Delta Lake and Apache Hudi, as well as build Apache Flink and Apache Spark connectors and launch StreamNative Cloud on Amazon Web Services (AWS) Marketplace.
Source: https://saasindustry.com/news/streamnative-raises-23-7m-in-a-series-a-round-led-by-prosperity7-ventures/