BERLIN, GERMANY -- (Marketwired) -- 03/30/16 -- data Artisans, founded by the original creators of Apache Flink, today announced Series A funding of EUR 5.5 million (US $6 million) for its high performance, low-latency data stream processing solutions. Led by Intel Capital with participation from Tengelmann Ventures as well as existing investor b-to-v Partners, this Series A round brings data Artisans' total funding to date to US $7.3M. The new funding will be used to build better support for users of Apache Flink, and to further develop analytics products based on the Apache Flink advanced Open Source scalable stream data processing framework. For more information on the news, visit the data Artisans blog.
"In the era of IoT, microservices, and big data, the world is realizing that streaming data processing is the new paradigm for all kinds of data applications, and Flink is the definite compute layer for this significant industry shift," said Kostas Tzoumas, CEO and co-founder at data Artisans. "While the market's definition of data streaming traditionally is constrained solely to real-time analytics, we've architected Flink to broaden this definition by enabling data in motion to deliver full-fledged continuous and even historical data processing at monumental scale."
Erik Jorgensen, director at Intel Capital, joins Florian Schweitzer, partner at b-to-v Partners, and data Artisans CEO Kostas Tzoumas and CTO Stephan Ewen on the company's Advisory Board. Tzoumas and Ewen are the core creators, as well as PMC members, of Apache Flink. With more than 150 contributors around the world and more than 25 local user groups in major cities in Europe, US, and Asia, it is among the top five Apache Open Source Projects in Big Data.
"Our customers view stream-based data processing as the next big trend in the data infrastructure market," said Ron Kasabian, vice president in the Data Center Group and general manager of Big Data Solutions at Intel Corporation. "Apache Flink is one of the most advanced and transformative stream processing systems available in the open source community, and with its founding team of Flink inventors, data Artisans will help accelerate this growing opportunity."
Application developers can leverage Flink's streaming dataflow engine that provides data distribution, communication and fault tolerance for computations over data streams. The Apache Flink community recently announced general availability of the Flink 1.0 release, now in use at Global Fortune 500 companies across the World. Enterprises using Flink include Capital One, Ericsson, Bouygues Telecom, Amadeus, ResearchGate, and interactive entertainment gaming company King.com.
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About Intel Capital
Intel Capital, Intel's strategic investment and M&A organization, backs innovative technology startups and companies worldwide. Intel Capital invests in a broad range of companies offering hardware, software, and services targeting computing and smart devices, cloud, datacenter, security, the Internet of Things, wearable and robotic technologies and semiconductor manufacturing. Since 1991, Intel Capital has invested more than US$11.6 billion in 1,440 companies in 57 countries. In that timeframe, 212 portfolio companies have gone public on various exchanges around the world, and 381 were acquired or participated in a merger. Through its business development programs, Intel Capital curates thousands of meetings each year between its portfolio and Intel's partners in the Global 2000. For more information on what makes Intel Capital one of the world's most powerful venture capital firms, visit www.intelcapital.com or follow @Intelcapital.
About Apache Flink
Apache Flink is used by developers to analyze and process data streams of very high volume. By adopting Flink and a data streaming architecture, enterprises can get real-time insights from their data in milliseconds, as well as cover existing historical data processing needs within a single platform. Flink is developed and supported by an Open Source community of more than 150 contributors, of which data Artisans engineers are proud participants.
About data Artisans
data Artisans was founded by the original creators of the Apache Flink project, and continues to lead the development and the direction of Flink -- enabling enterprises to transition their data infrastructure to a streaming-based real-time architecture. Backed by Intel Capital, b-to-v Partners, and Tengelmann Ventures, data Artisans is based in Berlin, Germany with presence in San Francisco, CA. For more information, visit http://data-artisans.com/.
"Apache," "Apache Flink," and their logos are registered trademarks or trademarks of The Apache Software Foundation in the U.S. and/or other countries.
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