StreamNative announces US$23 million in Series A financing. Prosperity7 Ventures and Huatai Innovation jointly lead the investment

On October 12th, Beijing time, StreamNative, a cloud-native batch-stream integrated data platform, announced that it has received US$23 million in Series A financing. This round of financing was jointly led by Prosperity7 Ventures, a diversified venture capital fund under Saudi Aramco, and Huatai Innovation, an alternative investment subsidiary of Huatai Securities. Investment, old shareholders Sequoia China, Source Code Capital continue to increase. StreamNative completed a multi-million-dollar Pre-A round of financing in August 2020, led by Source Code Capital and co-invested by Sequoia China Seed Fund; in 2019, the team received an angel round investment from Sequoia China Seed Fund at the beginning of its establishment.

Guo Sijie, co-founder and CEO of StreamNative, said that this round of financing is mainly used for product research and development and team talent recruitment, to enhance StreamNative's investment in messaging, stream storage and stream processing technology, and accelerate product service iteration optimization and customer growth.

Cloud Native Message Flow System-Apache Pulsar

As a top-level project of the Apache Software Foundation, Apache Pulsar integrates messaging, storage, and lightweight computing. It is a message flow system in the cloud-native era. Apache Pulsar has always maintained rapid growth and activity. The global contributors to the main warehouse have reached 450, an increase of more than 45% year-on-year. The monthly active contributors have matched or surpassed Apache Kafka, and are on the ASF 2021 annual financial report most active Commit and Clone project list one.

Apache Pulsar adopts a cloud-native architecture that separates storage and computing. It naturally supports enterprise-level features such as large clusters, multi-tenant, million-level topics, cross-regional data replication and persistent storage, and tiered storage, and provides a unified consumption model to support The two scenarios of message queue and streaming can not only provide enterprise-level read and write service quality and strict consistency guarantee for queue scenarios, but also provide extremely high bandwidth for streaming scenarios. Companies can use Apache Pulsar to build a unified real-time data infrastructure platform, break data isolation and data islands, simplify architecture and reduce operation and maintenance complexity.

At present, Apache Pulsar has landed in hundreds of domestic and foreign companies, such as Tencent, Baidu, China Mobile, China Telecom, China UnionPay, Ping An Securities, Yipay, Lakala, Huawei Cloud, Kingsoft Cloud, Zhihu, BIGO, Dada Group, Tuya Smart and many other companies cover many industries such as financial securities, transaction payment, live broadcast and short video, e-commerce, and the Internet of Things.

Be brave as a community leader and build a rich ecosystem

StreamNative was formed by the founding team of Apache Pulsar. Co-founders Guo Sijie, Zhai Jia and Matteo Merli are all active Pulsar PMC members and open source evangelists. Matteo currently serves as the chairman of Pulsar PMC. The team has attracted many active Pulsar developers to join, further enhancing StreamNative's role and influence as a community leader.

StreamNative is responsible for community construction and maintenance, regularly holding live broadcasts and offline gatherings, outputting user cases and technical blog posts; organizing and hosting global community summits and hackathons. Currently, the summit has covered the three major regions of North America, Europe and Asia; responsible for community user technical support and Relationship maintenance, planning and promoting the implementation of Pulsar's important feature proposals, etc.

At the same time, StreamNative is actively building a powerful Apache Pulsar ecosystem. It has independently or jointly released ecological open source projects such as KoP (Kafka-on-Pulsar), Function Mesh, Pulsar Flink Connector, etc., and released StreamNative Hub to provide more Pulsar upstream and downstream system connections. And plug-ins.

Polishing cloud-native products and services, and rapid commercialization at home and abroad

StreamNative officially launched StreamNative Cloud, a cloud-native batch stream fusion data platform based on Apache Pulsar, in August last year, providing rich data processing and computing capabilities. With StreamNative Cloud, users do not need to maintain complex systems locally, and can focus more on core business applications and microservice development. Currently, it supports deployment on Google Cloud Platform, AWS, Microsoft Azure, and Alibaba Cloud (open beta).

Recently, StreamNative has also released the privatized deployment product StreamNative Platform, which meets the enterprise's higher compliance requirements for data security and privacy, and at the same time, it can be used out of the box, and users do not need to worry about complex infrastructure operations.

Currently, StreamNative has served dozens of customers around the world, including the Fortune 100, such as the US e-commerce after-sales platform Narvar, the world’s largest semiconductor manufacturing technology service company Applied Materials, India’s largest e-commerce platform Flipkart, and multinational automobile manufacturing Group and Chinese securities financial service providers.

Planning a roadmap, integrating technology, products and talents

Technical aspects

StreamNative will strengthen the capabilities of the Apache Pulsar message streaming platform, and at the same time promote the integration of data lake technologies, such as Databricks' Delta Lake and Apache Hudi, to support them to read data stored in Apache Pulsar in batches to achieve Spark, AWS Redshift, Presto/Trino Wait for near real-time access to data. StreamNative will also continue to build and improve Apache Pulsar, Flink, and Spark connectors to support the better implementation of batch stream integration solutions.

Product aspect

It will focus on improving the StreamNative Platform privatization deployment service, strengthening customer service and expansion in industries such as finance and the Internet of Things, and assisting the digital transformation of enterprises in traditional industries; optimizing the StreamNative Cloud experience, accelerating the landing of domestic cloud vendors, and better supporting the multi-cloud environment.

Team aspect

At present, StreamNative has created a flexible, agile, high-performance team with all staff working remotely. Domestic members are distributed in multiple cities and regions, and the proportion of engineers is maintained at about 80%. Next year, the team size is expected to triple to increase investment in the Apache Pulsar community, ecology, and StreamNative commercialized products and services.

Investor perspective

Aysar Tayeb, Executive Director of Prosperity7 Ventures, Saudi Aramco, said:

"Mobile Internet and big data are in the ascendant, and the demand for cloud native is becoming increasingly prominent. This is exactly where Apache Pulsar's core advantage as a data messaging infrastructure lies. It can unlock more computing and storage flexibility in an efficient and economical way. At the same time, many The core developers of Apache Pulsar gather under StreamNative. We will see StreamNative continue to increase investment in the construction of the Apache Pulsar-based platform and achieve better results in more aspects such as real-time analysis."

Jin Haibo, general manager of Huatai Innovation believes:

"Apache Pulsar integrates messaging, storage, and lightweight computing. It is a future-oriented next-generation cloud native message streaming system. StreamNative was formed by the founding team of Apache Pulsar, and it is competitive in terms of technology output and community operations; at the same time, Its flexible and agile team for collaborative work at home and abroad can help the two-round development of domestic and international business, and the market space is broad."

Source Code Capital Chen Runze said:

"With the further advancement of digitalization in all walks of life,'streaming' has become the main form of interaction between enterprises and the outside world-more and more data from transactions, businesses, behaviors, sensors, events, etc., are constantly pouring in in the form of streams. For enterprises, handling these data well is more and more important for agile and efficient operations; at the same time, digital infrastructure is irreversible, and the cloud nativeization of PaaS layer software is a must. Apache Pulsar is exactly the cloud native streaming data platform Representative, the StreamNative team has gathered outstanding developers in the Pulsar community. While committed to promoting the sustainable development of the open source community, it combines the power of business to provide more companies with better digital infrastructure. We believe that StreamNative will help more and more Many customers have successfully implemented digital transformation."

Now that the domestic open source momentum is positive and the cloud native trend is surging, StreamNative will continue to promote the Apache Pulsar open source community and ecological construction, optimize StreamNative Platform and StreamNative Cloud product services, and help more companies accelerate the cloud native and digital process.

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• Recruitment of members: We implement remote office work for all staff and advocate asynchronous communication. No matter where you are, you are welcome to join. Click on the link ( https://m.zhipin.com/companyr/c1aae0d48be290771nd639y7FlQ~.html ) and post your resume!
•Media contact: If you want to know more about Apache Pulsar or StreamNative or report, you can send an email to the contact email: [e-mail].