Stream Analytics Provider WebAction Lands $20 Million in VC
WebAction starts with the idea that the fundamental problem in delivering streaming analytics is that it requires streaming data integration.Get ready for a new category called stream analytics, which is based on real-time streaming integration. Startup WebAction, which is betting on this taking place, revealed on Sept. 14 that it has landed $20 million in Series B funding led by Intel Capital. The Palo Alto, Calif.-based company raised $12 million in its initial funding back in 2012 when it launched. The new round includes additional investment from existing investors Summit Partners, Panorama Point Partners, Frank Caufield and Regis McKenna, as well as a new strategic investor. WebAction was founded in 2012 with the idea that the fundamental problem in delivering streaming analytics is that it requires streaming data integration, which nobody has attempted thus far.
WebAction provides a real-time analytics platform, recently rebranded as Striim (pronounced "stream"), for running end-to-end streaming data integration and streaming analytics workloads. Enterprises ostensibly can build tailored big data applications that assimilate both structured and unstructured data from a variety of realtime sources such as market data, IoT and mobile devices, sensors, log files, social media, and transactions.