Redpanda Raises $50 Million in Series B  

by Kay Aloha Villamor in February 25th, 2022

Redpanda Data (formerly Vectorized), a San Francisco, CA-based modern streaming data platform for developers, announced that it raised $50 million in Series B funding.

The round was led by GV, with participation from Lightspeed Venture Partners (LSVP) and Haystack VC. 

With its latest capital infusion, Redpanda has raised $76M to date and plans to grow its global engineering and go-to-market teams as customer adoption accelerates.

Company: Redpanda Data Inc.

Raised: $50.0M

Round: Series B

Funding Month: February 2022

Lead Investors: GV

Additional Investors: Lightspeed Venture Partners (LSVP) and Haystack VC

Company Website: https://redpanda-sw.com/

Software Category: Streaming data platform

About the Company: Released in early 2021, Redpanda is a modern streaming platform that gives developers a simple, fast, reliable, and unified "engine of record" for both real-time and historical enterprise data. API-compatible with Apache Kafka, Redpanda introduces a breakthrough architecture and disruptive capabilities that make it a simple, fast, reliable, and unified engine of record for both real-time and historical enterprise data. Trailblazers like Cisco, Laceworks, Mr. Yum, JumpTrading, and Alpaca rely on Redpanda to push hundreds of terabytes of streaming data a day through their streaming applications and services. Backed by premier venture investors Lightspeed, GV, and Haystack VC, Redpanda is a diverse, people-first organization with teams distributed around the globe. 

Source: https://www.prnewswire.com/news-releases/redpanda-announces-50m-series-b-funding-from-gv-lightspeed-venture-partners-and-haystack-vc-301487777.html

 

 


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