The Austin-based startup announced that the investment came from lead investor LiveOak Venture Partners with participation by Deep Space Ventures, RSH Ventures, Capital Factory and existing investor Keshif Ventures. The company plans to use the money to expand its U.S. and European sales and marketing operations and on engineering, operations, support and research and development for additional products.
As part of the deal, Venu Shamapant, partner at LiveOak Venture Partners, will join Eventador’s board of directors.
Eventador, founded in 2016, has built a platform that allows companies to build, deploy and manage streaming data applications. Eventador’s platform is being used by Internet of Things companies, manufacturers, social networking ventures, network security, machine learning and threat detection and geolocation services that rely on real-time data.
“As the modern enterprise increasingly depends on real-time data, streaming architectures are replacing traditional database systems as the defacto-standard. Eventador uniquely addresses this data evolution,” Shamapant said in a news release. “We are excited to work with Kenny and Erik. As repeat entrepreneurs with a proven track record, they’ve demonstrated the commitment and ability to construct a world-class managed service.”
“We couldn’t have found a better partner than LiveOak. They deeply share our vision, have vast strategic experience, and are local to us in Austin,” Kenny Gorman, Founder and CEO of Eventador, said in a news release “We are insanely passionate about what we are building here, and this round fuels our ability to grow our vision.”
“Stateful stream processing is changing how developers build modern, real-time applications,” Erik Beebe, Founder and CTO of Eventador, said in a news release. “Customers love being able to leverage a simple, powerful interface, along with expert support, to quickly build cutting-edge, production-ready streaming applications.”