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Data integration startup Equalum raises $14M to support growth
Data integration startup Equalum Ltd. said today it has raised $14 million in new funding to support international growth, product development and demand from organizations developing new processes or transforming old ones in the cloud.
The Series C round included Planven, United Ventures, Innovation Endeavours, Saints Capital and SpringTide Ventures. Including the new funding, Equalum has raised $39 million to date.
Founded in 2015, Equalum pitches itself as defining the future of data integration with the only platform that continuously and natively supports all use cases under a single unified platform without the need for custom coding.
Equalum offers a continuous data integration platform that includes support for change data capture, real-time streaming data extract transform load and batch ETL capabilities. The platform provides high availability with failover protection, automated initial capture and CDC, easy bulk replications, native cloud support and a broad array of pre-configured sources and targets.
With an easy-to-use platform, Equalum claims, data teams can go from zero to basic knowledge in a few days, with their first use case ready to use in less than an hour. The company’s technology eliminates data integration tool sprawl and simplifies the development of real-time streaming data pipelines.
The Equalum Continuous Data Integration Platform support on-premises, hybrid and multi-cloud-based projects that require tight integration with Microsoft Azure, Amazon Web Services and Google Cloud Targets. Equalum also offers real-time streaming for a wide range of use cases in addition to Batch ETL, Replication and Change Data Capture capabilities.
The company says it has seen strong growthm with clients in financial services, insurance, healthcare and manufacturing. Notable customers include Warner Bros Entertainment Inc., Siemens AG, GSK plc, Microsoft Corp., Oracle Corp. and General Electric Co.
“The success of an organization can more often be measured by its ability to quickly access, move and process business-critical data for a wide range of important applications,” Guy Eilon, chief executive officer of Equalum, said in a statement. “With the mission of taking data integration to the next level, this round extends our reach to a greater number of enterprises seeking a more performant, efficient solution.”
Image: Equalum
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