# StreamSets

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/streamsets

- Industry: Software
- Headquarters: San Mateo, US
- Website: www.streamsets.com
- Total disclosed funding: $68M
- Latest round: Series C (Aug 30, 2018)
- Investors on record: 5

## About

StreamSets, Inc. is a US-based company that specializes in developing a powerful platform for building and managing smart streaming data pipelines, enabling effective data integration across diverse environments.Founded in 2014, StreamSets, Inc. is focused on providing solutions for data integration and management. The company, headquartered in San Mateo, California, was co-founded by Arvind Prabhakar and Girish Pancha, who have extensive backgrounds in technology. StreamSets has successfully completed 6 deals and is notable for being acquired by IBM Corporation from Software AG for USD 2.38 billion in cash on December 18, 2023, which is the total amount raised across its funding rounds.StreamSets primarily offers a robust platform designed for creating and managing smart streaming data pipelines. This platform supports seamless data integration across hybrid and multicloud environments, featuring a user-friendly low-code graphical interface. Key use cases include real-time data ingestion, analytics, and operational intelligence, tailored for sectors such as finance, retail, and technology. Clients benefit from the platform's capabilities to process structured, semi-structured, and unstructured data, as well as prebuilt processors that adapt to data drift, making it suitable for dynamic data environments.StreamSets generates revenue primarily through a subscription-based model for its Software-as-a-Service (SaaS) solutions, available on major cloud platforms including Amazon Web Services, Microsoft Azure, and Google Cloud Platform. The company engages with clients through various service tiers that grant access to its data pipeline tools, templates, and support resources, typically involving B2B relationships. Enterprises pay fees based on the scale and complexity of their data integration needs, allowing them to create and deploy tailored data pipelines without incurring additional costs for manual coding.In December 2023, the acquisition by IBM is set to enhance the development of StreamSets' product offerings within the market. This strategic move is expected to support StreamSets in expanding its services across new geographic regions and in launching new products that align with IBM's objectives. The integration of resources following the acquisition will likely facilitate advancements in their technology and market reach, although specific products and timelines for these initiatives have not been disclosed.

## Funding rounds

- Series C, Aug 30, 2018, $36M — Battery Ventures, New Enterprise Associates, Harmony Partners
- Series B, May 31, 2017, $20M — Accel, Battery Ventures, New Enterprise Associates
- Series A, Aug 5, 2015, $13M — Accel, Battery Ventures, New Enterprise Associates, Ignition Partners

## Investors

- Accel (https://capitalatlas.ai/funds/accel) — Series A, Series B
- Battery Ventures (https://capitalatlas.ai/funds/battery-ventures) — Series A, Series B, Series C
- New Enterprise Associates (https://capitalatlas.ai/funds/new-enterprise-associates) — Series A, Series B, Series C
- Ignition Partners (https://capitalatlas.ai/funds/ignition-partners) — Series A
- Harmony Partners (https://capitalatlas.ai/funds/harmony-partners) — Series C