Saturday, January 23, 2021

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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

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