ParStream, a Germany-based provider of a real-time big data analytics platform, has raised $5.6m in its series A round from a consortium including internet services provider AOL-backed Crunchfund.
Alongside Crunchfund in the A round were venture capital firms Khosla Ventures, which led the round, Baker Capital, Data Collective and Tola Capital and individual angels.
Mike Hummel, chief executive and co-founder of ParStream, said: “We recently opened our US headquarters in Palo Alto, California, and are receiving strong interest and demand from enterprise customers and independent software vendors who are building solutions that capture the opportunity associated with real-time data analytics delivered by our platform.”