Announced
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Synopsis
Lightspeed Venture Partners, an American venture capital firm, led a $100m Series C round in Redpanda Data, a Kafka-API-compatible streaming platform, with participation from GV and Haystack VC. "The hero of the Redpanda story has always been the engineer, hands on keyboard, behind a terminal, materializing her ideas into a working system. That’s who we built Redpanda for, and why we made it easy to use, scalable to double-digit gigabytes per second, and compatible with all the existing applications. Last year we grew to thousands of production installations. The funds will help us accelerate this growth while building a future where all data is instantly available, with embedded processing in a multi-tenant platform that truly scales to zero, finally making streaming accessible to the 44m developers in the world," Alex Gallego, Redpanda Founder and CEO.
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