Striim expands Series B funding round to $30m
“In this economic climate, customers really need to get value from their investments. Big Data 1.0 provided some level of return, but we believe streaming data will accelerate the time-to-value,” said Kevin Dillon. “In Striim, we’ve found the most comprehensive platform for real-time streaming data integration and intelligence, brought to market by a trusted and proven management team. This was crucial for us.”
The expansion of this round will be used to further support Striim’s aggressive go-to-market strategy. Striim will also extend its leading streaming data integration and intelligence solution to power “insights the moment data is born” in Cloud, SaaS and Internet of Things (IoT) applications.
“As the Striim team works aggressively to bring our technology platform to market, it’s an honor to have the additional vote of confidence from Atlantic Bridge that we are solving a critical problem and enabling the next big step in the Big Data and real-time analytics markets,” said Ali Kutay, founder and Chief Executive Officer of Striim, Inc. “We are delighted to be able to partner with Atlantic Bridge and Kevin to accelerate our growth and expand the Striim platform into large customers in London and throughout Europe.
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