In today’s world, data is being generated at an unprecedented rate. Every day, we create 2.5 quintillion bytes of data, and this amount is only increasing. With so much data being produced, it’s becoming increasingly important to be able to process this data in real-time. This is where Flink comes in.
Flink is a Berlin-based startup that has raised $240M from Mubadala Capital and Lund Edge TechCrunch. Flink’s mission is to make streaming data processing more accessible. The company has come a long way since its inception, and its new funding will help it grow even further.
What sets Flink apart in the streaming data processing market? How does the company plan to use its new funding to grow? We answer these questions and more in this article.
Berlin-based Flink raises $240M from Mubadala Capital, Lund Edge TechCrunch
Flink, a Berlin-based startup that provides a streaming data processing platform, has raised $240 million in a new round of funding led by Mubadala Capital, with participation from Lund Edge.
This latest investment brings Flink’s total funding to date to $325 million. The new capital will be used to help the company expand its product offerings and grow its customer base.
Flink was founded in 2014 with the goal of making streaming data processing more accessible. The company’s platform is used by organizations to process and analyze data in real time, allowing them to make better decisions and take action faster.
The company has seen significant growth in recent years, and its platform is now used by over 1,000 customers worldwide, including major names like Alibaba, Netflix, and Uber.
With this latest round of funding, Flink plans to continue expanding its product offerings and growing its customer base. The company is also looking to use the new capital to invest in research and development so that it can continue to innovate and stay ahead of the curve in the streaming data processing market.
Flink’s mission to make streaming data processing more accessible
Flink’s mission is to make streaming data processing more accessible. The company was founded in 2014 by a team of experienced entrepreneurs and engineers who saw the potential for streaming data to revolutionize the way businesses operate. Flink’s technology is designed to make it easy for businesses to process and analyze streaming data in real time, so they can make better decisions and improve their operations.
Flink has raised $240M from investors including Mubadala Capital and Lund Edge TechCrunch. The company plans to use its new funding to grow its business and continue its mission of making streaming data processing more accessible.
Flink’s journey to $240M in funding
Flink’s journey to $240M in funding began in early 2016 when the company raised a seed round of $1.2M from German VCs High-Tech Gründerfonds and Atlantic Labs. This was followed by a $10M Series A in late 2016 from New Enterprise Associates (NEA) and Zalando founder Robert Gentz.
In 2017, Flink raised a $50M Series B from NEA, Zalando, and Highland Capital. This was followed by a $100M Series C in 2018 from NEA, Zalando, Highland Capital, and Mubadala Capital.
The latest round of funding, a $240M Series D, was led by Mubadala Capital with participation from Lund Edge TechCrunch. This brings Flink’s total funding to over $400M.
Flink plans to use its new funding to grow its team and continue building out its streaming data processing platform. The company is also looking to expand its presence in the US market.
What sets Flink apart in the streaming data processing market?
Flink’s unique selling proposition is its ability to handle both batch and stream processing natively. This means that it can process historical data as well as real-time data, making it a more versatile tool than other streaming data processors.
Flink is also designed to be highly scalable, so it can handle large amounts of data without issue. This makes it a good choice for organizations that are dealing with big data sets.
Finally, Flink has a number of features that make it easier to use than other streaming data processors. For example, its SQL support means that users can query data using familiar SQL syntax. This makes Flink a good option for users who are not comfortable with complex code.
How Flink plans to use its new funding to grow
Flink plans to use its new funding to grow its business in two main ways. First, it plans to use the money to expand its team and build out its technology. Second, it plans to use the money to market its product more aggressively and reach new customers.
Flink has already seen success in attracting big-name customers like Netflix, Uber, and Twitter. With its new funding, Flink plans to continue growing its customer base by reaching out to more companies that can benefit from its streaming data processing technology.
Flink has come a long way since its inception, and its new funding will only help it grow further. With its mission to make streaming data processing more accessible, Flink is well-positioned to succeed in the market. Its unique approach to streaming data processing sets it apart from other companies, and its new funding will help it continue to develop its technology and expand its reach.