StreamSets Acquisition, Valuation, Funding & Investors

StreamSets was acquired by IBM for $2.3B in December 2023.

StreamSets acquisition price

$2.3B

Acquired by IBM · Dec 2023

Cumulative funding StreamSets raised

$77M

across 5 funding rounds

Key investors in StreamSets

  • New Enterprise Associates
  • Battery Ventures
  • Accel
  • DCVC
  • Tenaya Capital
  • Ignition Partners
  • Harmony Partners
  • Charles Zedlewski

StreamSets Overview

About StreamSets

StreamSets is a San Francisco-headquartered company founded in 2014 that develops data pipeline software for managing continuous data flows in big data environments. Its Data Collector product enables real-time ingestion, processing, and delivery to destinations like Hadoop, cloud storage, and databases. The platform supports over 200 origins and destinations, facilitating operational data management for enterprises handling high-velocity streams.


Founded

2014

HQ

United StatesSan Francisco, CA

Status

Acquired

Customer focus

B2B

Revenue model

Subscription

Valuation

$2.3B (acquired Dec 2023)

StreamSets Acquisition

StreamSets was acquired by IBM for $2.3B on 18 December 2023.

Before the acquisition StreamSets had raised $77M across 5 funding rounds.

StreamSets acquisition details
AcquirerDateTypePrice
18 Dec 2023Strategic M&A$2.3B

StreamSets Funding History

StreamSets has raised a total of $77M across 5 funding rounds.

StreamSets' first fundraising round was a $1M seed round in July 2014. The most recent completed round was a $9M Series A in April 2020.

StreamSets funding rounds

StreamSets funding rounds
DateStageInvestorsRaisedDeal Summary
Apr 2020Series A-$9M-
Sep 2018Series CHarmony Partners (lead); Tenaya Capital; New Enterprise Associates; Battery Ventures$35MStreamSets, provider of the industry's first DataOps platform for modern data integration, raised $35 million in a Series C funding round on September 11, 2018, led by Harmony Partners with participation from new investor Tenaya Capital and existing investors Battery Ventures and New Enterprise Associates, bringing total funding to over $65 million. The investment aims to accelerate international go-to-market efforts, research and development, and customer-facing functions amid growing complexity in enterprise data architectures and the need for big and fast data in business-critical applications. Harmony Partners highlighted StreamSets' role in revolutionizing the $10 billion data integration market by enabling companies to maximize value from big data and streaming assets, drawing parallels to investments in Alation, InfluxDB, and Qubole. Prior to the round, StreamSets demonstrated strong market traction, doubling its commercial customer count and tripling its revenues over the previous four fiscal quarters. Its open-source Data Collector, core of the StreamSets platform launched three years earlier, had been downloaded over 2 million times by thousands of companies, including over one-third of the Fortune 500. Commercial customers included GSK, Chesapeake Energy, Solera Holdings, and various government agencies, with over two-thirds subscribing to proprietary software offerings. The funding supports enhancements to the cloud-native DataOps platform, addressing hybrid cloud challenges with features like data drift capabilities, continuous integration and delivery automation, policy-driven data protection, and support for AWS, Microsoft Azure, and Google Cloud. This positions StreamSets to reduce data analytics cycle times through DevOps practices applied to data management, focusing on automation, collaboration, and monitoring across on-premises and cloud environments.
May 2017Series BAccel (lead); Battery Ventures (lead); New Enterprise Associates (lead)$20MStreamSets is a cloud-native DataOps and data ingestion platform that enables enterprises to achieve consistent access and delivery of data across diverse data sources and types. The platform facilitates the design of smart data pipelines and supports both real-time and batch data ingestion, with capabilities designed to integrate with AI and application modernization initiatives. StreamSets and its sister platform webMethods were developed by Software AG as part of their Super iPaaS (integration platform-as-a-service) offering. In May 2017, StreamSets raised a Series B funding round of $20 million from investors including Accel, Battery Ventures, and New Enterprise Associates (NEA), all of whom had participated in the company's earlier Series A round. The Series B followed the company's Series A round of $12.5 million in September 2015. By the time of IBM's acquisition announcement in December 2023, StreamSets had grown to serve more than 1,500 clients globally and had achieved significant recurring revenue with profitable operations. IBM acquired StreamSets and webMethods for €2.13 billion in cash to integrate StreamSets' data ingestion capabilities into watsonx, IBM's AI and data platform, while adding API management and integration capabilities to support hybrid multi-cloud deployments.
Sep 2015Series ABattery Ventures (lead); New Enterprise Associates (lead); Ignition Partners; DCVC; Accel$13MStreamSets raised $12.5 million in a Series A round on September 24, 2015, led by Battery Ventures and New Enterprise Associates, with participation from Accel, DCVC, and Ignition Partners. The company develops an enterprise-grade data integration platform for moving data seamlessly across hybrid and multi-cloud environments.
Jul 2014SeedCharles Zedlewski$1M-

Who has invested in StreamSets?

8 investors have backed StreamSets across its funding rounds, including New Enterprise Associates, Battery Ventures, Accel, DCVC, Tenaya Capital and Ignition Partners.

Lead investors include Harmony Partners, Accel, Battery Ventures and New Enterprise Associates.


StreamSets Investors

Investors in StreamSets by funding rounds participated
InvestorHQRoundsRoleFirst check
New Enterprise AssociatesUnited StatesSan Francisco, CA3LeadSep 2015
Battery VenturesUnited StatesBoston, MA3LeadSep 2015
AccelUnited StatesPalo Alto, CA2LeadSep 2015
Tenaya CapitalUnited StatesSan Francisco, CA1ParticipantSep 2018
Ignition PartnersUnited StatesSan Francisco, CA1ParticipantSep 2015
Charles ZedlewskiUnited StatesSan Francisco, CA1ParticipantJul 2014

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StreamSets Competitors

StreamSets competitors include listed companies like Xiamen Xiangyu Co and GigaCloud Technology, and private ones like Airbyte, Matillion, Smart Fabric and Jusda.

Public and private companies comparable to StreamSets
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
AirbyteUnited StatesSan Francisco, CAPrivate--$1.5B-
MatillionUnited KingdomManchesterPrivate--$1.5B-
Smart FabricChinaShenzhenPrivate--$2.5B-
Xiamen Xiangyu CoChinaChinaPublicly listed$61B$523M$2.5B0.1x
JusdaChinaShenzhenPrivate--$2.5B-
GigaCloud TechnologyUnited StatesUnited StatesPublicly listed$1.3B$158M$1.9B1.4x

StreamSets Public Comps

StreamSets is no longer listed, but its public comps include Xiamen Xiangyu Co, Business-intelligence, Teradata, GigaCloud Technology, Transwarp, SPS Commerce, TRS Information Technology, Dameng Database, Infomart and Kinaxis.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Xiamen Xiangyu Co$61B$523M0.1x0.1x13.8x10.4x
Business-intelligence$389M$54M6.6x5.9x47.7x-
Teradata$1.7B$285M1.4x1.5x8.4x5.3x
GigaCloud Technology$1.3B$158M1.6x1.4x12.8x10.6x
Transwarp$67M($31M)27.5x28.0x(59.8x)-
SPS Commerce$752M$182M3.6x3.5x15.0x10.6x
TRS Information Technology$76M($20M)19.3x19.7x(73.5x)478.8x
Dameng Database$195M$84M15.3x12.5x35.5x27.6x

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Common questions about StreamSets

When was StreamSets founded?StreamSets was founded in 2014.
Where is StreamSets headquartered?StreamSets is headquartered in San Francisco, CA, United States.
Is StreamSets publicly listed?No, StreamSets was acquired by IBM in December 2023.
Who acquired StreamSets?StreamSets was acquired by IBM in December 2023.
How much was StreamSets acquired for?StreamSets was acquired for $2.3B in December 2023.
How much funding has StreamSets raised?StreamSets has raised $77M across 5 funding rounds.
What was StreamSets' last funding round?StreamSets' last funding round was a $9M Series A in April 2020.
Who are StreamSets' investors?StreamSets' investors include New Enterprise Associates, Battery Ventures, Accel, Tenaya Capital, Ignition Partners, Charles Zedlewski, DCVC and Harmony Partners.
Which companies are comparable to StreamSets?Companies comparable to StreamSets include Airbyte, Matillion, Smart Fabric, Xiamen Xiangyu Co, Jusda and GigaCloud Technology.

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