September 2024 Summaries

DeltaStream, founded by Hojjat Jafarpour, has raised a total of $25 million in funding, including a recent $15 million Series A round from investors such as New Enterprise Associates, Galaxy Interactive, and Sanabil Investment. The company aims to revolutionize streaming data management with a serverless platform that simplifies the complexity of stream processing by utilizing Apache Flink as its core engine. DeltaStream addresses challenges like ease of use, data layer unification, standardized access, high scalability, and flexible deployment models while offering real-time analytics with sub-second latency. The platform plans to expand its capabilities by increasing support for additional data stores and clients, and leveraging AI to enable non-SQL users to interact with the system, thereby advancing its goal of making stream processing widely accessible.

DeltaStream, Inc., a serverless stream processing platform founded by Hojjat Jafarpour, has secured $15 million in Series A funding from New Enterprise Associates, Galaxy Interactive, and Sanabil Investments to advance its goal of providing a comprehensive solution for managing and processing streaming data across various sources. The platform, which simplifies the complexities of Apache Flink©, aims to make real-time data streaming accessible to businesses of all sizes, offering both fully managed services and a bring-your-own-cloud option. By integrating with platforms like Databricks and Snowflake, DeltaStream enables the creation of real-time data pipelines, facilitating the seamless movement of data from streaming platforms such as Apache Kafka. This integration helps companies to efficiently handle streaming data, reducing costs and accelerating time to market. DeltaStream's focus on governance, organization, and secure sharing of streaming data positions it as a leader in real-time streaming, addressing the need for speed, low latency, and smart decision-making in competitive business environments.