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Striim Nabs $50 Million in Series C Funding from Goldman Sachs

Striim Nabs $50 Million in Series C Funding from Goldman Sachs
Striim Nabs $50 Million in Series C Funding from Goldman Sachs

Source: Striim

Real-time data integration platform provider Striim has announced $50 million in new funding, bringing the company’s total funding earned to more than $108 million since its founding in 2012. The Series C round is being led by Goldman Sachs Growth Equity with participation from Summit Partners, Atlantic Bridge Ventures, Dell Ventures, and Bosch Ventures. Then news comes on the heels of Striim’s recent StreamShift managed service release.

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Striim offers a real-time data integration solution that enables continuous query processing and streaming analytics. Striim integrates data from a wide variety of sources, including transaction/change data, events, log files, application and IoT sensors, and real-time correlation across multiple streams. The platform features pre-built data pipelines, out-of-the-box wizards for configuration and coding, and a drag-and-drop dashboard builder.

Striim will use the funding to build on recent product developments and increasing demand for its enterprise-class real-time data integration products. The company has also continued to hire new talent and touts more than a hundred full-time employees across its offices in Palo Alto, California and India.

In a media statement about the news, Striim Chairman and CEO Ali Kutay said “We are thrilled to partner with Goldman Sachs to scale out and accelerate Striim’s adoption in our core enterprise and adjacent markets where we see clear demand for an exceptional cloud data integration product. I would also like to welcome Bob Kelly as a member of our Board designated by Goldman.”

Read Announcing Our $50m Series C Round Led by Goldman Sachs Growth in the company’s blog to learn more.

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