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DeltaStream secures cash to build real-time streaming databases – TechCrunch

DeltaStream, which develops an enterprise-focused streaming database platform, announced today that it has raised $10 million in a seed round led by New Enterprise Associates. The funding will be used for product development, CEO Hojjat Jafarpour told TechCrunch in an email interview, as well as hiring five new employees by the end of the year (DeltaStream currently has 10 employees).

DeltaStream provides a serverless streaming database to manage, secure, and process data streams. “Serverless” refers to the way DeltaStream abstracts infrastructure and allows developers to interact with databases without having to think about servers.

Jafarpour started DeltaStream after spending several years developing ksqlDB, Confluent’s streaming database platform running on Kafka – Kafka is Apache’s open-source project for processing high-throughput, low-latency data feeds. Prior to Confluent, Jafarpour was a Research Staff Member at NEC, a Principal Software Engineer at Informatica, and a Tech Lead and Manager at Quantcast.

“Internet users today expect tailored, real-time online digital interactions, and delivering these experiences requires processing data at millisecond intervals. Failure to keep up will result in reduced revenue due to dissatisfied or lost customers and increased costs due to not being able to detect downtime or fraud quickly enough,” Jafarpour said. “Nevertheless, processing data in real time remains unattainable for most companies. Most existing solutions either process data in minutes or hours, being batch-based, or require expensive, specialized teams to deploy and scale. DeltaStream solves this challenge with a cloud-native, real-time stream processing solution that is easy to use and automatically scalable, while remaining cost-effective.”

DeltaStream supposedly solves this challenge, says Jafarpour, by connecting to event stores — databases optimized for storing events — and performing compute and storage tasks. The platform provides a compute layer over streaming storage systems like Kafka and AWS Kinesis, allowing users to read data from one or more services, perform calculations, and write the results across different storage sources simultaneously.

“Accessing and acting on real-time data provides organizations with significant competitive advantages, and the lack of such capability can result in significant losses,” Jafarpour said. “DeltaStream unlocks the value of real-time data for businesses without requiring an army of engineers with knowledge of databases and distributed systems.”

DeltaStream, which has only recently come out of the cloak, isn’t the only real-time database provider. Materialize and active loop come to mind, as well as the one mentioned above confluent. But Jafarpour claimed that the company is “well positioned to continue to grow and build products, notwithstanding the potential headwinds.”

We will see.

“Building real-time streaming applications requires engineering teams with knowledge of data management and distributed systems. There is fierce competition for such talent and many companies are not able to enjoy the luxury of having such teams,” Jafarpour said. “Real-time data transformation has become an essential part of enterprise data infrastructure. Accessing and acting on real-time data provides organizations with significant competitive advantages, and the lack of this capability can result in significant losses.”

DeltaStream secures cash to build real-time streaming databases – TechCrunch Source link DeltaStream secures cash to build real-time streaming databases – TechCrunch

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