Hydrolix Raises $35M in Series B Funding for Expansion
Hydrolix Closes $35M Series B Funding
Hydrolix's Series B Funding
Key Highlights:
- Series B Funding: Hydrolix, a streaming data lake platform, closed a $35 million Series B funding round.
- Investors: Led by S3 Ventures, with participation from Nava Ventures, Wing Ventures, AV8 Ventures, and Oregon Venture Fund.
- Total Funding: The funding brings Hydrolix's total funding to date to $68 million.
Hydrolix's Target Market
- Target Market: Media, gaming, and telecommunications brands seeking a high-performance, lower-cost data management platform for long-term data retention.
- Log-Intensive Applications: Companies with use cases that require real-time analysis of high volume streaming logs and ad hoc analysis across years of raw data.
- Industry Demand: Addressing the hyper-growth industry demand for long-term data retention and analysis.
What Hydrolix Needs to Buy
- Technology Partnerships: Collaborating with technology providers to enhance their streaming data lake platform and expand its capabilities.
- Customer Acquisition and Support: Services to support customer acquisition, onboarding, and ongoing support for their data management platform.
- Marketing and Branding: Engaging with marketing agencies to increase brand awareness and reach their target market.