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This article was published on August 14, 2012


    Big data analytics startup ParStream lands $5.6m from Khosla, CrunchFund and others

    Big data analytics startup ParStream lands $5.6m from Khosla, CrunchFund and others
    Robin Wauters
    Story by

    Robin Wauters

    Robin Wauters is the European Editor of The Next Web. He describes himself as a hopeless cyberflâneur, a lover of startups, his family a Robin Wauters is the European Editor of The Next Web. He describes himself as a hopeless cyberflâneur, a lover of startups, his family and Belgian beer. If you'd like to know more about Robin, head on over to robinwauters.com or follow him on Twitter.

    ParStream, a German company that aims to revolutionize the database market to enable real-time big data analytics applications, has secured $5.6 million in a Series A funding round led by Khosla Ventures and joined by CrunchFund, Data Collective, Baker Capital, Tola Capital and a number of private investors.

    Shirish Sathaye, a partner at Khosla Ventures, is joining ParStream as board member.

    Originally founded in Cologne by CEO Mike Hummel and Jörg Bienert in 2008, the company offers a real-time platform for analyzing massive amounts of data.

    Its solutions are used by customers across a variety of industries, including online retail and travel, advertising, natural resource management, and scientific research.

    ParStream is one of the companies participating in the three to six-months German Silicon Valley Accelerator (GSVA) program for German tech startups in Silicon Valley.

    The company has offices in Palo Alto, Cologne, and Paris.