HStreaming just announced that it has received funding from Atlas Venture, a high-profile Boston-based VC that owns a stake in sqrrl, Nimbus and dozens of other early-stage tech startups. The company did not disclose how much capital it received in the round.

HStreaming is a San Francisco-based Big Data developer that specializes in streaming analytics, as the name would suggest. Its flagship offering is a patented analytics engine that processes and analyzes live streams of multi-structured data to allow users to make and execute on real-time decisions. It is compatible with the Hadoop framework, including all major commercial Hadoop distributions, allowing for “both real-time and batch analytics in a single platform,” according to the company.

Jeff Kelly, Wikibon’s lead Big Data analyst, said platforms to analyze streaming data, called complex event processing, have been around for sometime but that these tools lacked the ability to scale or handle multi-structured data necessary in the Big Data Era. Still, complex event processing technology has proven the value of analyzing and taking action on insights from streaming data in real-time.

“For many data types – particularly newer sources of multi-structured data that have proliferated in recent years – the value of that data drops significantly within just seconds of its creation,” Kelly said. “Streaming analytics tools and technologies such as HStreaming that analyze Big Data at the moment of creation and allow users or automated tools to take subsequent action on those insights in real-time hold tremendous value for enterprises in fast-paced markets.”

HStreaming’s platform is available different editions: a community release, a license-based enterprise bundle that includes consulting, and a hosted version that runs on Amazon Web Services.

“This software platform is a new category of fully-integrated analytics that will redefine how we interact with Big Data. It allows for in-time analytics and in-time translation of analytics into monetize-able action. HStreaming truly stands out from the Big Data crowd and we are excited to be their partner and investor,” says Christopher Lynch, a partner at Atlas Venture and former CEO of big data company Vertica Systems (now part of HP).

Real-time analytics is set to become an extremely lucrative market, and Atlas Venture is making sure that it will be able et its share of the pie.

Just a week ago DataXu, another startup that lists Atlas as one of its earliest backers announced a $27 million funding round led by Peter Thomson’s Thomvest Ventures.  Atlas participated in the round, along with Flybridge Capital Partners and Menlo Ventures.

DataXu leverages HBase to power a real-time ad buying platform that’s used by brands to adjust their marketing budgets to shifts in consumer behavior.