WebAction Closes $20 Million Funding Round, Rebrands SoftwareWebAction Closes $20 Million Funding Round, Rebrands Software
Data integration streaming analytics provider WebAction has received $20 million in Series B funding, which will be used to flesh out the company’s technical and marketing expertise surrounding its flagship Striim (pronounced Stream) data platform.
September 14, 2015
Data integration streaming analytics provider WebAction has received $20 million in Series B-1 funding, which will be used to flesh out the company’s technical and marketing expertise surrounding its flagship Striim (pronounced Stream) data platform.
The latest round of funding was sponsored by WebAction’s returning investors, including Intel Capital, Summit Partners and others. The company also plans to use the investment to develop its sales organization and create channels so it can meet increasing customer demand. To date, WebAction has raised $31 million, including its previous Series B funding of $11 million in 2013.
Igor Taber, investment director for Big Data and Analytics at Intel Capital, will join WebAction’s board of directors as a result of the funding, according to the announcement.
“When we started WebAction, we recognized the importance of real-time data integration and streaming change data capture, as well as the opportunity for a new software offering that could introspect data while in motion,” said Ali Kutay, founder, president and CEO of WebAction, in a statement. “Fast forward to today, we now draw on our deep experience in both data integration and application infrastructure to make streaming data integration accessible, and deliver an enterprise-strength, end-to-end streaming analytics platform.””
WebAction also announced the rebranding of its software platform as Striim to reflect its use in end-to-end streaming integration and intelligence. The company said the change is in name only, with the platform itself remaining the same as its original product.
While the current version of Striim is identical to previous offerings, WebAction did tease several updates for its upcoming Fall release. The latest version of Striim will include new features for streaming data integration as well as for streaming analytics and operational intelligence.
The listed updates to Striim’s data integration capabilities include:
Support for Kafka as target message queue
Hadoop/HDFS dynamic file management
Support for Hive as a target
New additions to the platform’s streaming analytics and operational intelligence capabilities include:
Advanced event correlation
Optimizations for fast query of large caches
A health monitoring object at the platform level
No official release date for the latest update was disclosed.
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