Real-time information startup Quix raises a $12.9M Series A spherical led by MMC Ventures
The complexity of streaming information applied sciences – not simply streaming video however any sort of streaming information – has created a headache round coping with that prime velocity information processing.
Accordingly, firms like Spark, Flink have spring as much as handle this ksqlDB. Many are both both java-based options or SQL-based analytics options. However, UK startup Quix says it’s a platform for creating event-driven functions with Python, which might have makes use of in, say, physics-based information modelling and anomaly detection in machine studying.
It’s now raised a £11m / $12.9m Series A funding spherical led by London-based VC MMC Ventures, with participation from current traders Project A Ventures (out of Berlin) and Passion Capital (London).
The Quix founders are conversant in real-time decision-making, having labored in Formula 1, the place success is predicated on milliseconds. In truth considered one of its prospects is McLaren, in addition to mobility startup Voi, and the National Health Service (UK), amongst others.
In an announcement, Mike Rosam, Co-Founder at Quix, mentioned: “Many companies are struggling to combine raw technologies like Kafka into real-time data capabilities… This new capital will fuel our mission to simplify event-driven data engineering so that more companies can build modern data-intensive apps.”
Oliver Richards, Partner at MMC Ventures, added: “We have been doing an increased amount of research in the data infrastructure space, it is clear that there is a growing demand for real-time streaming data, both across consumer and B2B use cases.”
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