Hydrolix, a streaming data lake platform, has secured $35 million in a Series B funding round led by S3 Ventures. This funding round also saw participation from existing investors such as Nava Ventures, Wing Ventures, AV8 Ventures and Oregon Venture Fund. The additional funding brings Hydrolix’s total funding to $68 million. Hydrolix has demonstrated substantial growth, doubling its revenues in Q3 and Q4 of 2023 and experiencing a 75% growth rate in Q1 of 2024. Its platform aims to reduce the costs associated with big data while enhancing real-time query performance, making it ideal for various applications such as cybersecurity, content delivery, and AI/machine learning. Co-founded by Marty Kagan and Hasan Alayli, Hydrolix leverages innovative technology to manage and analyze large volumes of data more efficiently. The company has over 80 customers, including leading global brands, and aims to continue expanding its market presence with new partnerships and product advancements.
Technology, Venture Capital, Big Data,United States
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