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- StreamSets
StreamSets Acquisition, Valuation, Funding & Investors
StreamSets was acquired by IBM for $2.3B in December 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
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
Website
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.
| Acquirer | Date | Type | Price |
|---|---|---|---|
| 18 Dec 2023 | Strategic 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
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Apr 2020 | Series A | - | $9M | - |
| Sep 2018 | Series C | Harmony Partners (lead); Tenaya Capital; New Enterprise Associates; Battery Ventures | $35M | StreamSets, 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 2017 | Series B | Accel (lead); Battery Ventures (lead); New Enterprise Associates (lead) | $20M | StreamSets 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 2015 | Series A | Battery Ventures (lead); New Enterprise Associates (lead); Ignition Partners; DCVC; Accel | $13M | StreamSets 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 2014 | Seed | Charles 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
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 3 | Lead | Sep 2015 | ||
| 3 | Lead | Sep 2015 | ||
| 2 | Lead | Sep 2015 | ||
| 1 | Participant | Sep 2018 | ||
| 1 | Participant | Sep 2015 | ||
| 1 | Participant | Jul 2014 | ||
This data is available for Pro users. Sign up to see all 8 StreamSets investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialStreamSets Competitors
StreamSets competitors include listed companies like Xiamen Xiangyu Co and GigaCloud Technology, and private ones like Airbyte, Matillion, Smart Fabric and Jusda.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $1.5B | - | ||
| Private | - | - | $1.5B | - | ||
| Private | - | - | $2.5B | - | ||
| Publicly listed | $61B | $523M | $2.5B | 0.1x | ||
| Private | - | - | $2.5B | - | ||
| Publicly listed | $1.3B | $158M | $1.9B | 1.4x |
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 FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $61B | $523M | 0.1x | 0.1x | 13.8x | 10.4x | |||
| $389M | $54M | 6.6x | 5.9x | 47.7x | - | |||
| $1.7B | $285M | 1.4x | 1.5x | 8.4x | 5.3x | |||
| $1.3B | $158M | 1.6x | 1.4x | 12.8x | 10.6x | |||
| $67M | ($31M) | 27.5x | 28.0x | (59.8x) | - | |||
| $752M | $182M | 3.6x | 3.5x | 15.0x | 10.6x | |||
| $76M | ($20M) | 19.3x | 19.7x | (73.5x) | 478.8x | |||
| $195M | $84M | 15.3x | 12.5x | 35.5x | 27.6x | |||
This data is available for Pro users. Sign up to see all StreamSets competitors and their valuation data. Start Free Trial | ||||||||
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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