DeltaStream, a Menlo Park, CA-based serverless stream processing platform, has secured $15 million in Series A funding.
Investors
The investment came from New Enterprise Associates (NEA), Galaxy Interactive, and Sanabil Investments.
New Enterprise Associates (NEA) is a global venture capital firm founded in 1977, managing over $25 billion in assets. NEA invests in technology and healthcare companies at all stages, from seed to IPO, and has backed over 270 IPOs and over 450 mergers and acquisitions.
Galaxy Interactive is a global venture capital fund under Galaxy. Since 2018, it has actively invested in sectors like video games, digital media, web3, and virtual worlds, supporting innovative founders globally.
Sanabil Investments, founded in 2009 with $8 billion in capital, invests more than $2 billion annually in private ventures, focusing on venture capital, growth, and small buyouts. Sanabil partners with innovative entrepreneurs to transform bold ideas into scalable, sustainable solutions, providing patient capital across multiple funding rounds.
DeltaStream Use of Funds
The funding will accelerate the company’s vision of enabling a complete serverless stream processing platform to manage, secure, and process all streaming data, irrespective of data source or pipeline.
About DeltaStream
Founded by Hojjat Jafarpour, DeltaStream provides a serverless stream processing platform designed to simplify the creation, management, and processing of real-time streaming data. It enables real-time data applications using SQL, powered by Apache Flink®, without the typical complexity. The platform integrates with systems like Databricks and Snowflake and offers governance, organization, and secure sharing capabilities for streaming data across platforms like Apache Kafka, Apache Pulsar, AWS Kinesis, and more. In addition to its SaaS offering, DeltaStream’s platform is available as a private SaaS (also known as Bring Your Own Cloud) deployment to meet the needs of industries with high data privacy and security requirements.
Funding Details
Company: DeltaStream, Inc.
Raised: $15.0M
Round: Series A
Funding Date: September 2024
Investors: New Enterprise Associates (NEA), Galaxy Interactive, and Sanabil Investments
Company Website: https://www.deltastream.io/
Software Category: Stream Processing
Source: https://www.businesswire.com/news/home/20240917824271/en/