Total amount raised
$108.5 Millions
Latest funding date
03/01/2021
Location
Striim has successfully raised funds through multiple rounds, with the latest being a Series C round closed on March 31, 2021. The company is backed by a total of 10 investors, including Summit Partners and Dell Technologies Capital.
Keep reading to explore the intricacies of Striim's fundraising journey and the investors backing this innovative platform.
What Is Striim?
Striim, founded in 2012, is based in Palo Alto, California. The company specializes in real-time data streaming and integration, providing solutions for continuous data ingestion, processing, and delivery.
Striim was founded by Ali Kutay, Alok Pareek, Sami Akbay, and Steve Wilkes. The platform supports various industries and cloud platforms, enabling real-time operations and analytics.
With a team of 101-250 employees, Striim offers both self-managed and fully-managed (SaaS) solutions, facilitating seamless data integration across databases, applications, and clouds.
How Much Funding Has Striim Raised?
- Series A
- Amount Raised: $1M
- Date: May 2012
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To establish the company and develop its initial real-time data streaming and integration platform.
- Series B
- Amount Raised: $11M
- Date: July 2013
- Lead Investors: Summit Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the team and enhance the platform's capabilities for broader market adoption.
- Series B
- Amount Raised: $30M
- Date: September 2015
- Lead Investors: Intel Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and increase market penetration in key industries.
- Series B
- Amount Raised: $16.5M
- Date: March 2017
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop the platform and expand its customer base.
- Series C
- Amount Raised: $50M
- Date: March 2021
- Lead Investors: GS Growth
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale out and accelerate adoption in core enterprise and adjacent markets, and to support the launch of StreamShift.
Total Amount Raised: $108.5M. Current Valuation: Not publicly disclosed.
Key Investors
- Goldman Sachs Growth Equity
- Details: A division of Goldman Sachs that focuses on growth equity investments. Bob Kelly, an Operating Partner at Goldman Sachs, joined Striim’s Board of Directors.
- Investment Focus Areas: Growth-stage companies across various sectors.
- Notable Investments: Uber, Spotify, Dropbox.
- Summit Partners
- Details: A global alternative investment firm that invests in growth equity, fixed income, and public equity opportunities. Summit Partners has been involved in multiple funding rounds for Striim.
- Investment Focus Areas: Technology, healthcare, other growth sectors.
- Notable Investments: Avast, McAfee, Infor.
- Intel Capital
- Details: The venture capital arm of Intel Corporation, investing in innovative technology companies. Intel Capital led a Series B funding round for Striim.
- Investment Focus Areas: Technology startups, particularly those in the growth stage.
- Notable Investments: Not publicly disclosed.
- Atlantic Bridge Ventures
- Details: A growth equity firm focused on technology investments. Atlantic Bridge Ventures participated in Striim’s Series C funding round.
- Investment Focus Areas: Technology companies, particularly those with a focus on growth and innovation.
- Notable Investments: Movidius, Swrve, FieldAware.
- Dell Ventures
- Details: The venture capital arm of Dell Technologies, investing in early to growth-stage technology companies. Dell Ventures has been a consistent investor in Striim.
- Investment Focus Areas: Technology startups, particularly those that align with Dell’s strategic interests.
- Notable Investments: Nutanix, DocuSign, Cylance.
What's Next for Striim?
Striim stands at the cusp of significant growth, driven by the increasing demand for real-time data integration and the rapid adoption of cloud services. With strategic partnerships with Google Cloud and Microsoft Azure, and the launch of StreamShift, Striim is well-positioned to capitalize on these opportunities.
Future fundraising efforts seem promising, given the successful Series C round and the company's robust growth trajectory. This additional capital could further fuel their expansion into new markets and enhance their technological capabilities.
However, Striim may face challenges such as intense competition and the complexities of integrating diverse systems. Navigating these hurdles will be crucial for maintaining their competitive edge and ensuring sustained growth.
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