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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.
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