Striim Raises $50M in Series C Funding

Striim, Inc., a Palo Alto, Calif.-based provider of a real-time data integration platform, raised $50m Series C financing. As part of the transaction, Bob Kelly, former Microsoft executive and current Operating Partner for Goldman Sachs, will join Striim’s Board of Directors. The company boasts a customer base in the Financial Services, Retail, Healthcare, Logistics, Telecom and Manufacturing markets in addition to a strategic partnership network with cloud database providers including Google Cloud and Microsoft Azure. Striim recently announced a preview release of StreamShift, a new managed service offering that helps enterprises migrate databases from on-premise to the cloud quickly and securely. The company now has over a hundred full-time employees across offices in Palo Alto, CA and Chennai, India.