Striim, Inc., a global leading provider of a real-time data integration platform, announced that they have completed its funding with $ 50 million in a Series C led by Goldman Sachs Equity and welcomed an additional new investing partner, Solasta Ventures. The Series C round supports the growth of Striim’s real-time data integration offerings on-premises in the cloud as a managed service for global customers.
Striim’s Founder & CEO, Ali Kutay, mentioned, “It’s no surprise that Striim has seen tremendous growth while executing our vision to enable real-time decision making in the cloud. We are very excited to bring in Solasta Ventures as an investor and partner with them on our strategic global initiatives to expand to international markets like South Korea.”
Striim is specialized in providing an enterprise-grade streaming data integration solution for moving data in real-time to the cloud. Striim’s technology collects all the data from cloud enterprise databases utilizing non-intrusive, change data capture technology. The company has its own strong customer base in the Financial Services, Retail, Healthcare, Logistics, Telecom, and Manufacturing markets.
Michael Jeon, the managing partner for Solasta Ventures’ Silicon Valley operations, commented, “When it comes to enabling large, Fortune 500 companies to access vast amounts of data being created each day across different sources in real-time, Striim has demonstrated itself to be a clear leader, serving many of the largest and most data-intensive global enterprises as customers who rely on Striim for mission-critical data enablement. We are thrilled to participate in Striim’s Series C round – led by Goldman Sachs Growth – and work with a team that is best equipped to bring intelligent data integration to any organization that wants to use data to its competitive advantage. We’re particularly excited about the possibility of helping Striim reach customer organizations more in new markets like South Korea where a shift towards cloudization of enterprise data has accelerated.”
