StarTree, the industrial entity behind the distributed storage and analytics engine referred to as Apache Pinot, has accomplished a Sequence B spherical of enterprise capital funding price $47 million, the corporate introduced at this time.
Apache Pinot was initially created at LinkedIn in early 2013 to assist make sense of the huge flood of real-time knowledge that the social media web site was producing. The software program, which its creators describe as a distributed OLAP system, works at the side of message busses like Apache Kafka (additionally developed at LinkedIn) to execute low latency SQL queries on fast-moving knowledge at excessive volumes (as much as 200,000 queries per second).
After open sourcing the Pinot code 2015, two of the creators of Pinot, Kishore Gopalakrishna and Xiang Fu, co-founded StarTree in 2018 to convey the product to market as a service. The corporate got here out of stealth in 2021, and launched its second providing, a bring-your-own-cloud Pinot service, earlier this 12 months.
Because the flood of knowledge continues to construct by means of programs like Kafka, Apache Pulsar, and Amazon Kinesis, the window of alternative that organizations must act on the information is shrinking. With monetary backing from certainly one of Kafka’s creators and the hiring of a prime supervisor from Confluent, StarTree sees a possible to trip atop this real-time wave paved by Kafka.
“Apache Pinot is what comes after Apache Kafka,” Rohit Agarwalla, StarTree’s head of product, instructed Datanami in an interview. “As you’re producing all of this real-time knowledge, you want a system that may additionally serve analytics on this real-time knowledge, really in real-time.”
Over the previous 12 months, Pinot downloads have grown almost 20X, from about 50,000 in 2020 to 1 million in 2021. The Pinot open supply Slack group additionally grew 30X, from 100 members in 2020 to just about 3,000 members at this time, StarTree tells us.
The $47 million Sequence B spherical introduced at this time was led by GGV Capital, with investments from new investor Sapphire Ventures and current buyers Bain Capital Ventures and CRV. The funding brings the Mountain View, California firm’s complete funding to $75 million.
Business adoption of Pinot has grown too, with firms like Cisco, DoorDash, Etsy, Hyundai, 7-Eleven, Goal, Uber, and Walmart adopting the software program for real-time analytics. This reveals the worth of Pinot, mentioned Glenn Solomon, managing companion of GGV Capital and StarTree board member.
“We’re seeing firms throughout all kinds of industries acknowledge the worth of offering real-time user-facing analytics at scale to their prospects,” Solomon mentioned in a press launch. “The problem and alternative lies in implementation, and StarTree makes it simple for firms of all sizes to construct user-facing knowledge purposes.”
StarTree, which has grown from 12 to 70 workers over the previous year-and-a-half, has additionally discovered some early industrial success. It’s brand sheet to date consists of of Guitar Middle, Pluto TV, Stripe, Blinkit, StreetMetrics, Tribe, and JustEatTakeaway.com, the corporate says.
Final month, StarTree introduced a brand new group version of the software program designed to assist customers get began. StarTree Neighborhood Version additionally consists of ThirdEye, an anomaly detection, monitoring, and interactive root-cause evaluation platform that’s designed to be used by builders, line of enterprise, and engineers.
StarTree Retains Actual-Time Analytics Recent with New Choices for Pinot
Cloud Analytics Agency StarTree Receives $24 Million in Sequence A Funding