Striim: Raises $50M in Series C Funding

  • Striim, Inc., a Palo Alto, Calif.-based provider of a real-time data integration platform, raised $50m Series C financing
  • The round was led by Goldman Sachs Growth Equity with participation from Summit Partners, Atlantic Bridge Ventures, Dell Ventures, Bosch Ventures
  • As part of the transaction, Bob Kelly, former Microsoft executive and current Operating Partner for Goldman Sachs, will also join Striim’s Board of Directors
  • Striim also provides an enterprise-grade streaming data integration solution for moving data in real-time to the cloud
  • Its technology collects data from on-premises or cloud enterprise databases leveraging non-intrusive, change data capture technology
  • The company now has over a hundred full-time employees across offices in Palo Alto, CA and Chennai, India
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

Crypto Network Mesh Hits Unicorn Status as Valuation Soars

The rapidly growing crypto network achieves a billion-dollar valuation milestone.Highlights: Crypto network Mesh achieved unicorn status after recent...

FCA Launches Pop-Up ATM to Warn Customers of Investment Scams

New initiative aims to educate the public on investment fraud risks. Highlights:FCA introduces a pop-up ATM to combat...

Lloyds Strengthens AI Strategy After Assessing Financial Value of Deployments

The bank plans to enhance its artificial intelligence capabilities further.Highlights: Lloyds assesses the financial value of its AI...

Santander Tightens Operations with Closure of 44 More Branches

The bank continues its restructuring as customer preferences shift to digital banking.Highlights: Santander is closing 44 more branches...