Striim, a US-based data integration and analytics technology provider, has raised $50m in its series C round from a consortium including corporate venturing units of computer maker Dell and Germany-based industrial group Robert Bosch.
Investment bank Goldman Sachs’s $8bn Growth Equity unit led the round, which also included venture capital firms Summit Partners and Atlantic Bridge Ventures.
As part of the transaction, Bob Kelly, former Microsoft executive and current operating partner for Goldman Sachs, will join Striim’s board.
Founded in 2012 as WebAction, Striim produces software that enables enterprises to aggregate and correlate data streams from multiple sources, allowing them to identify anomalies and trends, and trigger alerts in real time.
In March 2016, Striim increased the size of a series B round featuring Intel Capital, the corporate venturing unit of semiconductor technology producer Intel, to $30m.
Intel Capital led the initial $20m tranche, which was closed in September 2015 and backed by venture capital firms Summit Partners and Panorama Point Partners, and angel investors Regis McKenna and Frank Caufield, the latter of which is a co-founder of VC firm Kleiner Perkins Caufield & Byers.
VC fund Atlantic Bridge Capital provided the additional $10m, and Kevin Dillon, general partner at Atlantic Bridge, will join Striim’s board as an observer.
Striim had previously raised $11m in a 2013 series A round that included McKenna and Caufield.
