Mon. Aug 8th, 2022

DeltaStream, which is developing a streaming database platform for enterprise customers, announced today that it has raised $10 million in a seed round led by New Enterprise Associates. The funding will be spent on product development, CEO Hojjat Jafarpour told BestFitnessBands in an email interview, as well as hiring five new employees by the end of the year (DeltaStream currently has 10 employees).

DeltaStream provides a serverless streaming database for managing, securing and processing data streams. “Serverless” refers to the way DeltaStream abstracts infrastructure, allowing developers to interact with databases without thinking about servers.

Jafarpour started DeltaStream after several years building ksqlDB, Confluent’s streaming database platform that runs on top of Kafka. Kafka is Apache’s open source project for processing high throughput, low latency data feeds. Prior to joining Confluent, Jafarpour was a research associate at NEC, a principal software engineer at Informatica and a tech lead and manager at Quantcast.

“Internet users today expect tailored, real-time digital interactions online, and delivering these experiences requires processing data at milliseconds. Failure to keep up results in lower revenues due to dissatisfied or lost customers, and increased costs due to the inability to catch downtime or fraud quickly enough,” said Jafarpour. “Yet processing data in real-time remains inaccessible to most businesses. Most of the existing solutions process data in minutes or hours because they are batch-based, or they require expensive, specialized teams to deploy and scale.DeltaStream solves this challenge with a cloud-native, real-time stream processing solution that is easy to use and automatically scalable while remaining cost-effective.”

DeltaStream ostensibly solves this challenge, says Jafarpour, by connecting to event stores — databases optimized for event storage — and performing computation and storage tasks. The platform provides a layer of computation on top of streaming storage systems such as Kafka and AWS Kinesis, allowing users to read data from one or more services, perform calculations, and write the results across different storage sources simultaneously.

“Accessing and responding to data in real-time offers companies significant competitive advantages, and not having such capabilities can lead to significant losses,” said Jafarpour. “DeltaStream unlocks the value of real-time data for businesses without requiring an army of engineers with knowledge of databases and distributed systems.”

Recently emerged from stealth, DeltaStream isn’t the only real-time database vendor out there. Materialize and Activeloop come to mind, as does the aforementioned Confluent. But Jafarpour claimed the company is “well positioned to continue to grow and build products regardless of possible headwinds.”

Time will tell.

“Building real-time streaming applications requires technical teams with data management and distributed systems skills. There is fierce competition for such talent and many companies cannot enjoy the luxury of having such teams,” said Jafarpour. “Turning data into action in real time has become an essential part of the data infrastructure in organizations. Accessing and responding to data in real time provides significant competitive advantages for enterprises and not having such capabilities can lead to significant losses.”

Leave a Reply

Your email address will not be published.