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San Fran-headquartered Redpanda Knowledge is a relative newcomer to the scene, having solely been based (on the time, as “Vectorized”) in 2019. The rename got here courtesy of its core product, itself known as Redpanda: an information streaming platform that the corporate says gives builders with a unified “engine of report” for real-time and historic enterprise information. Now, Redpanda has introduced a brand new win: $50M in Sequence B funding to advance its international targets.
The Redpanda platform, which is appropriate with Apache Kafka, advertises a handful of options that it says “free builders from the restrictions of earlier approaches”: a single binary to deploy with a built-in schema registry and no exterior dependencies; predictability at petabyte scale in cloud-native environments; a lowered {hardware} footprint; and extra. Redpanda was launched in early 2021.
“The world has shifted to real-time first, elevating the criticality of knowledge streaming within the trendy stack,” mentioned Alex Gallego, CEO and founding father of Redpanda Knowledge. “We’re empowering each developer to comprehend as we speak the shopper experiences of the long run via data-intensive functions and providers leveraging the total spectrum of knowledge. Whereas our present merchandise already provide enormous benefits when it comes to simplicity, reliability, and efficiency, our sights are set on a lot greater targets. We purpose to basically reshape and prolong how organizations make use of streaming information. It’s energizing to have a board that helps our imaginative and prescient and has the monetary muscle to energy our explosive progress.”
The Sequence B funding spherical was led by GV (previously Google Ventures) with participation from Lightspeed Enterprise Companions, and Haystack VC. The $50M in Sequence B funding brings Redpanda’s complete funding to $76M.
“Redpanda has constructed streaming information infrastructure for builders from the bottom as much as ship simplicity, efficiency, and reliability whereas enabling enterprises to proceed to run the software program stacks they’ve already invested in,” mentioned Dave Munichiello of GV. “We’re thrilled to companion with Alex Gallego and the complete workforce as they construct the preeminent platform for growing trendy functions that depend on real-time streaming information.”
A 12 months in, Redpanda boasts shoppers like Cisco, Sprout, and Akamai Applied sciences. “Redpanda is what I wanted I had ten years in the past,” mentioned Sandy Wilbourn, vice chairman of the Service Division at Akamai Applied sciences. “Easy, quick, dependable and appropriate with all my current Kafka code.”
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