Total amount raised
$100.5 Millions
Latest funding date
09/01/2021
Location
Materialize has successfully raised funds through multiple rounds, with its latest being a Series C round closed on September 30, 2021. The company has attracted investments from notable firms such as Redpoint Ventures and Lightspeed Venture Partners.
Materialize specializes in real-time data integration and transformation, offering a platform that simplifies the creation of live data products using SQL. Keep reading to explore the intricacies of Materialize's fundraising journey and the investors backing this innovative platform.
What Is Materialize?
Materialize, founded in February 2019 by Arjun Narayan and Frank McSherry, is headquartered in New York, New York. The company specializes in real-time data integration and transformation, enabling users to create live data products using SQL.
Materialize simplifies application development for developers by allowing them to understand streaming data, answer complex questions, and build intelligent applications using standard technology. The platform offers features like real-time SQL joins, offloading operational databases, improving query performance, and reducing data warehouse costs.
With a team of 51-100 employees, Materialize continues to innovate in the field of streaming SQL databases, making it easier for developers to work with fast-changing data. The company is actively growing and has attracted significant investments from notable firms.
How Much Funding Has Materialize Raised?
- Series A
- Amount Raised: $8.5M
- Date: March 2019
- Lead Investors: Lightspeed Venture Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop the core database and launch the fully managed cloud service.
- Series B
- Amount Raised: $32M
- Date: November 2020
- Lead Investors: Kleiner Perkins
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To continue the development and release of the core database and the launch of the fully managed cloud service.
- Series C
- Amount Raised: $60M
- Date: September 2021
- Lead Investors: Redpoint Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the engineering team across the U.S. and internationally and to further accelerate the development and adoption of Materialize's data streaming technology.
Total Amount Raised: $100.5M. Current Valuation: Not publicly disclosed.
Key Investors
- Redpoint Ventures
- Details: Redpoint Ventures is a venture capital firm that invests in startups across various stages, from seed to growth. They have a strong presence in the technology sector.
- Investment Focus Areas: Technology, consumer internet, enterprise software, infrastructure.
- Notable Investments: Netflix, Stripe, Twilio.
- Kleiner Perkins
- Details: Kleiner Perkins is a venture capital firm known for its investments in early-stage and growth-stage companies. They have been a significant player in the venture capital space since 1972.
- Investment Focus Areas: Technology, life sciences, healthcare.
- Notable Investments: Google, Amazon, Twitter.
- Lightspeed Venture Partners
- Details: Lightspeed Venture Partners is a multi-stage venture capital firm that invests in the enterprise and consumer sectors. They focus on accelerating disruptive innovations.
- Investment Focus Areas: Enterprise technology, consumer, health sectors.
- Notable Investments: Snap, Nest, GrubHub.
What's Next for Materialize?
Materialize is poised for significant growth, driven by the increasing demand for real-time data processing and streaming SQL databases. The company plans to expand its engineering team across the U.S. and internationally, further developing its data streaming technology and growing its developer community. With over $100 million in total funding, including a recent $60 million Series C round, Materialize is well-positioned to capitalize on these opportunities.
Future fundraising opportunities seem likely as the company continues to innovate and expand its market presence. However, challenges such as competition from other data streaming companies and the need to maintain a strong company culture during rapid growth could pose obstacles. Despite these challenges, Materialize's ambitious roadmap and strong financial backing suggest a promising future.
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