Striim VC Injection Enables Expansion into Europe, IoT
Striim claims that its streaming analytics platform makes data useful the instant it is created.If you have a company but no specific market, then you might as well create your own. Palo Alto, Calif.-based Striim, which cleverly rebranded itself after being called WebAction for three years, is pioneering a new category called stream analytics, based on real-time streaming data integration. Thus far, it is working, because it is attracting a fair amount of venture capital support. Striim (pronounced "stream") announced that it has closed an additional $10 million in funding from Atlantic Bridge Capital, increasing the total equity investment of its Series B funding round to $30 million. Striim claims that its platform makes data useful the instant it is created. The company said it is the only end-to-end streaming integration and intelligence solution cloud service now available. The platform enables multi-stream data integration and real-time change data capture (CDC) across a variety of data sources, including transactions from enterprise databases, log files, message queues, applications and IoT sensor data.
Striim will benefit from Atlantic Bridge's model for scaling companies internationally, which will expand Striim's footprint in Europe. In conjunction with the new investment, Kevin Dillon, general partner at Atlantic Bridge Capital, will join Striim's board of directors.