DeltaStream secures cash to build real-time streaming databases
Today, DeltaStream revealed that it has raised $10 million in a seed round headed by New Enterprise Associates for the development of a streaming database platform targeted at business users. According to CEO Hojjat Jafarpour in an email chat with TechCrunch, the money will go into product development and the hire of five new staff by the end of the year (DeltaStream currently has 10 employees).
To manage, secure, and process data streams, DeltaStream offers a serverless streaming database. When referring to DeltaStream, the term “serverless” describes how it abstracts away infrastructure, enabling developers to interface with databases without having to consider servers.
After spending years developing ksqlDB, Confluent’s streaming database technology that is built on top of Kafka, the Apache open source project for processing high-throughput, low-latency data feeds, Jafarpour founded DeltaStream. Jafarpour worked as a research assistant at NEC, a principal software engineer at Informatica, and a tech lead and manager at Quantcast before joining Confluent.
“Today’s internet consumers expect personalised, in-the-moment digital interactions, and providing these experiences necessitates processing data at millisecond rates. Failure to maintain results in lower income from disgruntled or lost consumers and more costs from the inability to quickly detect outage or fraud, according to Jafarpour. But most organisations are still unable to interpret data in real-time. Due to their batch-based nature, the majority of currently available solutions either process data in minutes or hours or demand expensive, specialised teams to deploy and grow. This problem is resolved by DeltaStream, a real-time, cloud-native stream processing technology that is affordable, simple to use, and automatically scalable.
According to Jafarpour, DeltaStream purportedly overcomes this difficulty by establishing connections with event stores—databases designed specifically for storing events—and carrying out compute and storage operations. Users are able to read data from one or more services, do calculations, and simultaneously write the results across several storage sources thanks to the platform’s compute layer, which sits on top of streaming storage systems like Kafka and AWS Kinesis.
DeltaStream, Inc. seems to be a promoting new on technologies, information and internet platforms. Congratulations on your startup. May this new business bring you huge success and fulfillment.Shishir Gupta, Founder and CEO, StartupLanes
If you are an emerging startup and are looking for investors to raise funds, StartupLanes has its own angel network and investment banking services and is connected to angel investors and VCs in 15 countries that ensure that our member startups have easy access to external funds to scale up constantly.
You can subscribe to our news posts by entering your email in the box on the right side of this page.
Check out our YouTube channel for insightful content from the Indian startup ecosystem.
The right investment is key to beating inflation and growing your wealth. Do you wish to become an angel investor? Yes, I want to be an angel investor. Are you a startup and facing challenges in your business? Do you want to grow your business? It is not as difficult as it sounds. Learn how to grow your business here- Yes, I want to grow my business.