StreamSets Raises $12.5 Million in Series A Funding Led by Battery Ventures and NEA

StreamSets, a company that speeds access to enterprise big data, has closed a $12.5 million round of Series A funding co-led by experienced big data investors Battery Ventures and New Enterprise Associates (NEA), with participation from Accel Partners and Ignition Partners.

StreamSets will use its Series A funding to build a thriving open source community, advance the company’s product roadmap, and incrementally invest in partnerships and other go-to-market activities. In addition, Pete Sonsini from NEA and Dharmesh Thakker from Battery Ventures will join the company’s board of directors.

New: StreamSets Data Collector

In addition, StreamSets has launched a new data ingest infrastructure, called StreamSets Data Collector, which would help businesses accelerate data analysis and decision-making. Available under an open source Apache license (ALv2), this technology automates data movement in order to give data scientists and analysts continuous access to big data.

“We invested in StreamSets because of the team’s expertise in delivering an enterprise-grade data management platform that enables timely operational decisions,” said Dharmesh Thakker, general partner at Battery Ventures. 

data-centers-dollars“There is a massive opportunity for StreamSets’ technology to bring world-class transparency and monitoring to data – the next generation of performance management in enterprise IT,” added Pete Sonsini, general partner at NEA. 

StreamSets co-founder and CEO Girish Pancha was previously chief product officer at Informatica, where he was responsible for the company’s entire data integration product portfolio. Co-founder Arvind Prabhakar was an early employee of Cloudera, where he led teams working on integration technologies such as Apache Flume and Apache Sqoop. A member of the Apache Software Foundation, Arvind is heavily involved in the open-source community, and was formerly an architect for the Informatica platform. 

“Over the years, Arvind and I have seen first hand that the single biggest barrier to a successful enterprise analytics platform is the challenge of ingesting data,” said Girish Pancha, StreamSets co-founder and CEO. “That problem is exacerbated when the data is constantly shifting underfoot,” “Current solutions are simply too opaque and brittle to handle a fluid data landscape. We were inspired to start over from the ground up and bring unprecedented transparency and event processing to data in motion.”

Cisco Intercloud

Cisco will use StreamSets to more easily uphold its software-as-a-service (SaaS) customers’ expectations of data pipeline flexibility and uptime.

“We are constantly adding products and services to the Cisco Intercloud offering,” said Ken Owens, chief technology officer of cloud services at Cisco Systems. “StreamSets automatically handles such infrastructure changes, and provides intelligent monitoring and dynamic shaping of our internal operational log as well as multi-datacenter data ingestion logs to help us meet strict service level agreements for our development team as well as future customers.”

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