StreamSets grabs $12.5 mln Series A
San Francisco-based StreamSets Inc, a provider of data ingest technology for the next generation of big data applications, has raised $12.5 million in Series A funding. Battery Ventures and New Enterprise Associates led the round with participation from Accel Partners and Ignition Partners. In conjunction with the funding, Pete Sonsini of NEA and Dharmesh Thakker of Battery Ventures have been appointed to StreamSets’ company’s board of directors.
September 24, 2015 07:31 AM Eastern Daylight Time
SAN FRANCISCO–(BUSINESS WIRE)–StreamSets Inc., a company that speeds access to enterprise big data, today announced it has closed a $12.5 million round of Series A funding co-led by experienced big data investors Battery Ventures and New Enterprise Associates (NEA), with participation from Accel Partners and Ignition Partners. In addition, StreamSets today launched a revolutionary new data ingest infrastructure, called StreamSets Data Collector, which helps businesses accelerate data analysis and decision-making. Available under an open source Apache license (ALv2), this technology automates data movement in order to give data scientists and analysts continuous access to big data.
As companies’ data explodes, operators are spending more time sanitizing raw data before it can be used to inform business decisions. This is because the current data environment contains constantly changing infrastructure and semantics, which slows down the process of collecting and moving data so it can be used for reliable analytics – the problem of “data drift.” StreamSets ingests, cleanses and monitors data in motion to address this challenge and fuel real-time analysis.