Materialize: Raises $40M in Series B Funding

December 1, 2020

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Materialize: Raises $40M in Series B Funding

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Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

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