2021. What an interesting year. With the world turned upside down by a pandemic that seemingly had its sights set on...
Striim: announcing a $50M Series C funding led by Goldman Sachs Growth Equity
Striim has been making strides within the NonStop vendor community making an significant impact. Whenever fresh data created on NonStop needs to be passed to data warehouses or integrated with data analytics engines – all in real time – Striim has become the go-to source for enterprise-grade data integration. Striim boasts a strong customer base in the Financial Services, Retail, Healthcare, Logistics, Telecom and Manufacturing markets. As a testimony to the huge market opportunity and the terrific growth opportunity, this month we announced a $50 million Series C financing led by Goldman Sachs Growth Equity.
In our March 31, 2021 press release:
PALO ALTO, Calif., March 31, 2021 Striim, Inc., provider of a leading real-time data integration platform, has announced a $50 million Series C financing led by Goldman Sachs Growth Equity. Summit Partners, Atlantic Bridge Ventures, Dell Ventures, Bosch Ventures are also participating in the round.
Striim has been an active supporter of the NonStop community participating in many user group events through the years. As early as 2014, Striim was providing half-day education sessions at the annual gathering of the NonStop Community for 2014 NonStop Technical Boot Camp. A lot has changed in the years that have passed but the focus of Striim has been consistent – it’s all about the data. In being so focused it has proved itself flexible with regards to changing technologies and has been among the very first vendors who recognized the significance of cloud computing.
This was in evidence in this latest press release:
“Striim’s platform provides an enterprise-grade streaming data integration solution for moving data in real-time to the cloud. Its technology collects data from on-premises or cloud enterprise databases leveraging non-intrusive, change data capture technology. This data can then be delivered to virtually any target on-premises or in the cloud with sub-second latency utilizing over 3,500 out-of-the-box source/target combinations.
Based in Palo Alto, CA, Striim is led by Founder & CEO, Ali Kutay, and was founded by the core team from GoldenGate Software, Inc. (acquired by Oracle in 2009):
“From day one, our vision has been to enable access to real-time data at enterprise scale – across massive, heterogeneous environments. We are seeing firsthand the tremendous rate at which the world’s largest enterprises are joining the digital-first economy through the adoption of modern data platforms especially in the cloud.
We at Striim are thrilled to set to scale out and accelerate Striim’s adoption in our core enterprise and adjacent markets where we see clear demand for an exceptional cloud data integration product. Striim CEO Ali Kutay wrote:
“Having proven our technology in global enterprise accounts, we are now planning to scale and hire aggressively with the goal of quickly growing our development, sales, and customer success functions. We are expanding our reach through a fully managed SaaS offering, which will augment our current on-premise, cloud, and container based deployment models.
As for Goldman Sachs Growth Equity, they were just as enthusiastic to be partnering with Striim. Mike Reilly, a Vice President on the Goldman Sachs Growth Equity team stated:
“We’re excited to partner with a management team that has deep domain experience in the real-time data integration market. Striim has a best-in-class product that helps enterprises integrate streaming data across distributed, heterogeneous infrastructure environments while having the ability to service customers across multiple deployment
Knowing that there is a vendor that has a long history working with NonStop and that is demonstrating industry leadership when it comes to integrating data with public and private clouds is a further demonstration that the role of NonStop isn’t lessening in importance for today’s enterprises. That Striim attracts such important investors is likewise encouraging news for all NonStop community members as it reinforces not just the importance to enterprises but that businesses can be created and nurtured as has been the case for Striim and still be recognized as a major contributor to the industry as a whole.
To read this latest press release, simply go the Striim web site or follow the link below:
Should you have any questions for Striim as a result of reading this press release then please don’t hesitate to reach out to us, the Striim team. We would be only too happy to hear from you, anytime and all the time.
Ferhat Hatay, Ph.D.
Sr. Director of Partnerships and Alliances, Striim, Inc.