COMPANY INFO
Materialize, Inc. was founded in January 2019 by Arjun Narayan and Frank McSherry. It is a privately held software development company headquartered in New York, NY, with approximately 65 employees. Materialize provides a streaming SQL database platform designed to build real-time data products using familiar SQL, enabling developers and data scientists to query and incrementally update results as new data arrives. The company is built on open-source frameworks Timely Dataflow and Differential Dataflow, and has raised over $100 million in funding from top venture capital firms.
Materialize, Inc. is a software development company founded in January 2019 by Arjun Narayan and Frank McSherry. Headquartered in New York, NY, Materialize operates in the software development industry with a team of around 99 employees. The company provides a streaming SQL database platform that empowers developers and data scientists to build real-time data products using familiar SQL. Its technology enables incremental updates to query results as new data arrives, leveraging the open-source frameworks Timely Dataflow and Differential Dataflow.
In terms of funding, Materialize, Inc. has demonstrated strong traction in the venture capital market, raising a total of $108 million across three funding rounds. The company's funding journey showcases a strategic approach with each round building on earlier achievements. Funding rounds have supported the company from initial product development to market expansion, engineering scale-out, and further innovation in its streaming SQL database platform. Notable investors such as Redpoint Ventures, Kleiner Perkins, and Lightspeed Venture Partners have backed Materialize, reflecting high confidence in the company's growth strategy and real-time data technology.
The Series C round, led by Redpoint Ventures, raised $60 million to expand the engineering team both in the U.S. and internationally. The funds are intended to accelerate the development and mainstream adoption of Materialize's data streaming technology.
Materialize secured $32 million in a Series B round led by Kleiner Perkins. This funding aimed to further develop and release Materialize's core database product and to facilitate the launch of its fully managed cloud service, helping the company scale its operations.
The Series A round brought in $8.5 million, spearheaded by Lightspeed Venture Partners. The capital was primarily allocated to initial product development and the launch of the company's fully managed cloud offering.
Redpoint Ventures led Materialize's Series C round. As a prominent venture capital firm, Redpoint provides not just capital but strategic support, guiding Materialize in expanding its team and accelerating product development in the rapidly growing data streaming market.
Kleiner Perkins led the Series B funding for Materialize, Inc. Renowned for supporting transformative technology companies, Kleiner Perkins helped drive Materialize's product completion and broader market entry.
As the lead investor in Materialize's Series A round, Lightspeed Venture Partners played a pivotal role in supporting the company's launch phase and early technology development. Their deep sector expertise contributed to the foundation of Materialize’s growth.
8VC is a venture capital firm that invested in Materialize as part of its syndicate. The firm is known for backing pioneering infrastructure technologies and played a supportive role in Materialize's early funding rounds.
Olima Ventures participated as an investor in Materialize, contributing further capital and network support as the company scaled its platform and operations.
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