This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Real-Time Big Data Startup ParStream Raises $5.6m

COLOGNE, Germany and PALO ALTO, California, August 14, 2012 /PRNewswire/ --

Real-time Big Data analytics database provider ParStream today announced that it has closed a $5.6 million round of series A financing led by Khosla Ventures. In addition to Khosla Ventures, investors include Baker Capital, Crunch Fund, Data Collective, Tola Capital and private investors. Shirish Sathaye, partner at Khosla Ventures, will join ParStream's board.

Founded in Germany in 2008, ParStream has produced an analytics engine that combines a unique compressed indexing method with massive parallel processing to deliver real-time and low latency results for Big Data analytics. This approach has been gaining recognition for ParStream, including recently being named a "Cool Vendor" by Gartner Research. The company financed its product development through investments from the founders and angel investors. ParStream enables customers across several industries to gain new insights from Big Data in real-time and it is currently used in marketing analytics, customer analytics, operations analytics, research and other scenarios.

 "We will use the proceeds of this round to further invest in our product roadmap and to accelerate ParStream's growth in the US and global markets," explains Mike Hummel, CEO and co-founder of ParStream. "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."

"The ParStream database has been engineered for speed from its inception - combining unique algorithms with leading-edge technology like compressed bitmap indices and massive parallel processing. The database delivers sub-second response times on billions of data records, while continuously importing new data with very high throughput." explains Jörg Bienert, CTO and co-founder.

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $93.99 0.00%
FB $102.01 0.00%
GOOG $682.40 0.00%
TSLA $151.04 0.00%
YHOO $27.04 0.00%


Chart of I:DJI
DOW 15,973.84 +313.66 2.00%
S&P 500 1,864.78 +35.70 1.95%
NASDAQ 4,337.5120 +70.6750 1.66%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs