Eventador.io, a fully-managed Stream-Processing-as-a-Service provider has closed a USD3.8 million seed round (including conversion of USD1.3 m angel round) led by LiveOak Venture Partners with participation by Deep Space Ventures, RSH Ventures, Capital Factory and joined by existing investor, Keshif Ventures.
Venu Shamapant, Partner at LiveOak will join the board of directors.
Since launching in late 2016, Eventador has become the leading fully-managed streaming data solution built on Apache Kafka and Apache Flink. Customers can easily build, deploy, and manage modern streaming data applications, including a market-leading bring-your-own-cloud deployment model, without having to worry about the complex underlying infrastructure. Eventador powers modern use cases like IoT, manufacturing, social, network security, machine learning, threat detection and geolocation services where real-time data is mission critical.
“As the modern enterprise increasingly depends on real-time data, streaming architectures are replacing traditional database systems as the de-facto-standard. Eventador uniquely addresses this data evolution,” says LiveOak Venture Partner, Venu Shamapant. “We are excited to work with Kenny and Erik. As repeat entrepreneurs with a proven track record, they’ve demonstrated the commitment and ability to construct a world-class managed service.”
“We couldn’t have found a better partner than LiveOak. They deeply share our vision, have vast strategic experience, and are local to us in Austin,” says Kenny Gorman, Founder and CEO of Eventador. “We are insanely passionate about what we are building here, and this round fuels our ability to grow our vision.”
“Stateful stream processing is changing how developers build modern, real-time applications,” says Erik Beebe, Founder and CTO of Eventador. “Customers love being able to leverage a simple, powerful interface, along with expert support, to quickly build cutting-edge, production-ready streaming applications.”
Eventador plans to use the funds to significantly grow US/EU sales and marketing as well as deepen the capabilities in engineering, operations, support, and R&D to bring the next generation of stream processing solutions to market.
