Total amount raised
$108.5 Million
Latest funding date
03/01/2021
Location
Striim has successfully raised significant funding through five rounds, with notable investors including Summit Partners, Dell Technologies Capital, and Goldman Sachs Growth Equity. The company specializes in unified, real-time data streaming and integration for enterprise analytics and operations.
Striim offers a range of products such as Striim Cloud, Striim Platform, and Validata, catering to various industries and technologies. 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 a private company based in Palo Alto, California. It specializes in real-time data integration and streaming solutions, serving industries such as financial services, retail, healthcare, and technology.
With an employee count between 51-100, Striim offers products like Striim Cloud and Striim Platform, catering to various enterprise needs. The company has raised funding over five rounds, with notable investors including Summit Partners and Dell Technologies Capital.
How Much Funding Has Striim Raised?
- Series A
- Amount Raised: USD 1,000,000
- Date: May 2012
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To establish a foundation for developing their real-time data integration platform.
- Series B
- Amount Raised: USD 11,000,000
- Date: July 2013
- Lead Investors: Summit Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand their product offerings and scale operations.
- Series B
- Amount Raised: USD 30,000,000
- Date: September 2015
- Lead Investors: Intel Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate growth and enhance their technology platform.
- Series B
- Amount Raised: USD 16,500,000
- Date: March 2017
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further expand their market reach and product capabilities.
- Series C
- Amount Raised: USD 50,000,000
- Date: March 2021
- Lead Investors: Goldman Sachs Growth Equity
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale out and accelerate adoption in core enterprise markets.
Total Amount Raised: USD 108,500,000. 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, a former Microsoft executive, is an Operating Partner for Goldman Sachs and joined Striim’s Board of Directors.
- Investment Focus Areas: Technology, healthcare, consumer, financial services.
- 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 a history of investing in high-growth sectors.
- Investment Focus Areas: Technology, healthcare, life sciences, other growth sectors.
- Notable Investments: Avast, McAfee, Infor.
- Intel Capital
- Details: The venture capital arm of Intel Corporation, focusing on technology investments. Intel Capital has been a significant player in the venture capital space for decades.
- Investment Focus Areas: Technology, particularly in semiconductors, enterprise software, cybersecurity.
- Notable Investments: Not publicly disclosed.
- Atlantic Bridge Ventures
- Details: A growth equity firm focused on technology investments. Atlantic Bridge Ventures specializes in sectors like semiconductors, enterprise software, and cybersecurity.
- Investment Focus Areas: Technology, semiconductors, enterprise software, cybersecurity.
- Notable Investments: Swrve, FieldAware, Movidius.
- Dell Ventures
- Details: The venture capital arm of Dell Technologies, focusing on enterprise technology investments. Dell Ventures has a strong track record in cloud computing and data management.
- Investment Focus Areas: Enterprise technology, cloud computing, data management.
- Notable Investments: Nutanix, DocuSign, Zscaler.
What's Next for Striim?
Striim stands at the cusp of significant growth, driven by the increasing adoption of cloud-based data platforms and the digital transformation of enterprises. The launch of new managed services like StreamShift and strategic partnerships with cloud giants such as Google Cloud and Microsoft Azure present substantial opportunities for expansion into core and adjacent markets.
Future fundraising appears promising, given the successful Series C round and the company's robust growth trajectory. As Striim scales its operations, it may attract further investments to support its expansion and product development.
However, challenges lie ahead. Striim must navigate competition from other data integration providers, ensure seamless and secure data migration, and keep pace with rapid technological advancements. Balancing these factors will be crucial for sustained success.
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