Striim announced the company has received $50 million in Series C financing, allowing Striim to strengthen its go-to-market capabilities to meet the exploding global demand for transitioning data to the cloud.
The funding round was led by Goldman Sachs, and also includes existing investors Summit Partners, Atlantic Bridge Ventures, Dell Ventures, and Bosch Ventures.
With this financing Striim will significantly expand its teams and build on extending its presence in EMEA, APAC, ANZ, and South America, as well as collaborating even more closely with strategic partners, including Google and Microsoft.
This new financing will also help with an important new expansion of Striim’s product portfolio. Right now, the Striim platform is provided with OOTB features to build data pipelines—deployed on-premise, through cloud marketplaces, or as a containerized cloud solution.
However, later this year the company will be launching multiple products that provide fully managed cloud services to comprehensively handle cloud data flows with zero administration, and in a highly available and managed fashion for companies ranging from small businesses to large enterprises.
Striim provides the ability to make real time data driven decisions by collecting, moving and processing data from multiple sources and delivering it to various cloud targets with low latency. Crucially, Striim can do this in an automated, scalable, secure, and reliable way, with very little configuration effort and no coding.
For more information about this news, visit www.striim.com.