AUSTIN, Texas--(BUSINESS WIRE)--Eventador.io, the leading fully-managed Stream-Processing-as-a-Service provider announces $3.8MM seed round (including conversion of $1.3MM angel round) led by LiveOak Venture Partners with participation by Deep Space Ventures, RSH Ventures, Capital Factory and joined by existing investor, Keshif Ventures. Venu Shamapant, Partner at LiveOak will join the board of directors.
Since launching in late 2016, Eventador has become the leading fully-managed streaming data solution built on Apache Kafka® and Apache Flink®. Customers can easily build, deploy, and manage modern streaming data applications, including a market-leading bring-your-own-cloud deployment model, without having to worry about the complex underlying infrastructure. Eventador powers modern use cases like IoT, manufacturing, social, network security, machine learning, threat detection and geolocation services where real-time data is mission critical.
“As the modern enterprise increasingly depends on real-time data, streaming architectures are replacing traditional database systems as the defacto-standard. Eventador uniquely addresses this data evolution,” states LiveOak Venture Partner, Venu Shamapant. “We are excited to work with Kenny and Erik. As repeat entrepreneurs with a proven track record, they've demonstrated the commitment and ability to construct a world-class managed service.”
"We couldn't have found a better partner than LiveOak. They deeply share our vision, have vast strategic experience, and are local to us in Austin," said Kenny Gorman, Founder and CEO of Eventador. "We are insanely passionate about what we are building here, and this round fuels our ability to grow our vision."
"Stateful stream processing is changing how developers build modern, real-time applications," says Erik Beebe, Founder and CTO of Eventador. "Customers love being able to leverage a simple, powerful interface, along with expert support, to quickly build cutting-edge, production-ready streaming applications."
Eventador plans to use the funds to significantly grow US/EU sales and marketing as well as deepen the capabilities in engineering, operations, support, and R&D to bring the next generation of stream processing solutions to market.
Eventador.io is a fully managed, enterprise grade Stream Processing as a Service platform based in Austin, TX. It was founded by Erik Beebe and Kenny Gorman in 2016 to address a critical business problem - to alleviate the complexities and enable the building of applications that use real-time data at their core.
About LiveOak Venture Partners:
LiveOak is a venture capital fund based in Austin, TX founded by Ben Scott, Krishna Srinivasan, and Venu Shamapant. With over 18 years of successful venture investing in Texas, the founders of LiveOak have helped create over $1.5 billion of enterprise value in exits. While almost all of LiveOak's investments begin in the early stages, LiveOak is a full lifecycle investor focused on technology and technology-enabled services companies based in Texas. LiveOak Venture Partners is a lead investor in exciting high-growth Texas-based companies such as CS Disco, Digital Pharmacist, NSS Labs, Ojo Labs, and Opcity.