WarpStream Labs, a Chicago, Illinois-based cloud-native data streaming infrastructure company, has secured $20 million in funding.
SaaS Investors
This investment round was led by Greylock and Amplify Partners, with significant contributions from notable angel investors including Ben Sigelman (CEO of Lightstep), Spencer Kimball (CEO of CockroachDB), and Barry McCardel (CEO of Hex Technologies).
Founded in 2013, Pear is a venture capital firm specializing in pre-seed and seed. Based in San Francisco, California, the firm prefers to invest in consumer, business-to-business, healthcare, enterprise, biotech, climate tech, fintech, SaaS, deep tech, and web3 sectors.
Amplify Partners is a venture capital firm that prefers to invest in early-stage companies operating in information technology, machine intelligence, and infrastructure & developer tools sectors. Founded in 2012, and is based in Menlo Park, California.
WarpStream Labs Use of Funds
The company will use the funds to hire more engineers, scale their go-to-market team, and invest in new product lines.
About WarpStream Labs
Founded in 2023 by Richie Artoul and Ryan Worl, WarpStream provides a drop-in replacement for Apache Kafka that operates directly on object storage, without the need for local disks. Its primary innovation lies in separating compute from storage, akin to modern data lakes, achieved by utilizing object storage (such as AWS S3) as the sole storage solution. By enabling direct reading and writing from object storage, WarpStream eliminates inter-zone networking costs. Additionally, the company's 'Bring Your Own Cloud (BYOC)' deployment option is now widely accessible.
Funding Details
Company: Warpstream Labs, Inc.
Raised: $20.0M
Round: Unknown
Funding Month: March 2024
Lead Investors: Greylock, Amplify Partners
Additional Investors: Ben Sigelman, Spencer Kimball, Barry McCardel
Company Website: https://www.warpstream.com/
Software Category: Data Streaming
Source: https://www.businesswire.com/news/home/20240313224497/en/