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.
Get the TNW newsletter
Get the most important tech news in your inbox each week.