Streamkap raises $3.3 million to deliver real-time data at a fraction of the cost to businesses

Streamkap, a real-time data streaming provider, has secured $3.3 million in seed and pre-seed funding led by InReach Ventures, with participation from TEN13, Haatch Ventures and Begin Capital.

The company has also attracted angel investors with positions at notable companies such as Datadog, Anthropic and Clickhouse.

Founded in June 2022 by serial data entrepreneurs Paul Dudley and Ricky Thomas, Power hood is on a mission to make real-time data simple, accessible and cheap for businesses. By offering a low-maintenance streaming ETL platform built on top of Apache Kafka and Flink, Streamkap enables companies to get their data from A to B faster with minimal installation.

In today’s fast-paced digital landscape, consumers demand instant, seamless experiences. Whether it’s tracking a food delivery in real-time, receiving instant updates on financial transactions, or enjoying personalized shopping experiences, real-time data has become a cornerstone in meeting the expectations of the modern consumer.

For example, when ordering a ride or delivering food, users expect to see the real-time location of their driver. Delays or outdated information can lead to frustration and negative user experiences. Similarly, in e-commerce, real-time data allows companies to provide up-to-date product recommendations, inventory updates and personalized promotions, significantly improving the shopping experience.

Additionally, OpenAI’s recent acquisition of Streamkap partner Rockset highlights the growing importance of real-time data in AI workloads. Real-time data is critical for AI applications, including Retrieval Augmented Generation (RAG), which improves large language models by integrating enterprise-specific data for accurate and relevant results.

Streamkap’s platform addresses these needs by enabling companies to seamlessly integrate low-latency data streams into their operations. This capability is essential for applications across industries, from finance and e-commerce to healthcare and entertainment, where real-time data can improve the customer experience, as well as drive more informed decision-making and improved operational efficiency.

For example, Streamkap has partnered with discount designer goods e-commerce website BrandAlley to enable real-time personalization, similar to the real-time personalization powering TikTok’s ‘For You’ page, leading to a significant increase in engagement and sales.

Paul Dudley, co-founder of Streamkap, said: “Today, consumers increasingly expect and demand real-time experiences, and businesses need faster data to enable these experiences and make critical decisions. We make real-time data simple by helping companies get low-latency data to modern data platforms with the simplicity of a traditional cloud-based ETL.”

Making real-time data easy for data teams

For data teams, Streamkap enables faster data without the need for a complete overhaul of their data infrastructure – all at a fraction of the cost of batch processing or streaming solutions that require more maintenance.

These factors were key to why clients like SpotOn, which provides point-of-sale solutions for restaurants and retail stores, chose to work with Streamkap. “Streamkap has been a game changer for us when it comes to delivering real-time data to our customers,” says Marcin Migda, Staff Data Engineer at SpotOn. “Their solution was four times faster and three times cheaper than our previous setup, and fit neatly into our existing Snowflake data stack.”

Streamkap will use the new funding to expand its engineering and go-to-market teams, which have already doubled in size this year. On the product side, the company is investing in new stream processing capabilities to enable transformations that further reduce latency.

Ricky Thomas, co-founder of Streamkap, commented: “We have seen tremendous demand from companies looking to make their data real-time, whether they want to accelerate their existing data stack with Snowflake or other real-time technologies. ”

“Streamkap is at the intersection of major data trends: the shift to real-time and the rise of the modern data stack,” said Roberto Bonanzinga Partner at InReach Ventures. “The team’s deep expertise in data infrastructure and track record of scaling data companies makes them well-equipped to become a major player in this space.”

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Streamkap raises $3.3 million to deliver real-time data at a fraction of the cost to businesses