Austin’s Eventador.io lands $3.8 million for expansion
The startup plans to expand sales and marketing, and invest in engineering, operations and research and development.
Real-time data service startup Eventador.io has landed $3.8 million for expansion. The Austin-based company, which launched in 2016, received the seed funding from LiveOak Venture Partners with participation by Deep Space Ventures, RSH Ventures, Capital Factory and Keshif Ventures.
The investment includes the conversion of a previous $1.3 million round by angel investors. The five-person company said it will use the investment to expand sales and marketing in the U.S. and Europe, as well as invest in engineering, operations, support and research and development.
Eventador was founded by database veterans Kenny Gorman and Erik Beebe. Gorman and Beebe previously co-founded Austin-based database management company ObjectRocket.
“We are excited to work with Kenny and Erik,” Venu Shamapant, a general partner with LiveOak Venture Partners, said in a written statement. “As repeat entrepreneurs with a proven track record, they’ve demonstrated the commitment and ability to construct a world-class managed service.” The company offers a stream-processing-as-a-service platform, which it says allows customers to easily build, deploy and manage modern streaming data applications.
Eventador can be used to power the Internet of Things, manufacturing, social, network security, machine learning, threat detection and geolocation services where real-time data is critical.
“Stateful stream processing is changing how developers build modern, real-time applications,” Beebe said in a written statement. “Customers love being able to leverage a simple, powerful interface, along with expert support, to quickly build cutting-edge production ready streaming applications.”