FinTechFunding

Materialize: Raises $40M in Series B Funding

  • Materialize, an NYC-based streaming SQL database company raised $40m in Series B funding
  • The round was led by Kleiner Perkins with participation from Lightspeed Venture Partners and executives from Cockroach Labs, Datadog and Rubrik
  • The company also intends to use the funds to grow its engineering team, prepare the business for growth and extend product rollout
  • Materialize provides a streaming SQL database company that makes it easy for any developer or analyst to understand streaming data
  • The company computes and incrementally maintains data as it generated so query results accessible the moment they needed
  • Early customers are using its products for real-time data visualization, financial modeling, and to advance various SaaS applications in martech, logistics
Previous article
Kinzen: Raises €2.2M in Seed Funding
Next article
CBSL: Selects SimCorp for front to back reserve management
Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

You May Also Like

FinTech

Kulipa Secures $62M to Enhance Stablecoin Card Issuing Infrastructure

Funding aims to strengthen cryptocurrency card services in the growing fintech market.Highlights: Kulipa raises $62M to enhance its...
FinTech

Visa Launches AI-Powered Dispute Resolution Tools

New tools aim to streamline resolution of payment disputes.Highlights: Visa introduces AI tools for payment dispute resolution.The new...
FinTech

UK Fintechs Vibepay and SmartLayer Shut Down

Both companies cease operations amidst challenging market conditions.Highlights: Vibepay and SmartLayer have officially ceased operations.The closures are attributed...
FinTech

Visa and Ramp Boost Bill Pay Automation with Agentic AI

New integration aims to streamline corporate expense management processes.Highlights: Visa and Ramp announce partnership to automate corporate bill...