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Conduktor raises USD $30 million to boost US expansion

Tue, 19th Nov 2024

Conduktor, a data management platform specialising in real-time data streaming, has secured USD $30 million in Series B funding to address the increasing demand for real-time data solutions.

The investment round, led by RTP Global, includes participation from M12, Ansa, and Accel, which also led Conduktor's previous Series A round. The funds will be used to facilitate the company's expansion in the United States and further develop its product offerings.

As more organisations generate data at an unprecedented pace, they face challenges in managing and scaling real-time data architectures. Real-time data streaming is essential for decision-making and powering mission-critical applications, facilitating data flow within organisations and supporting new use cases, including artificial intelligence.

Conduktor provides a platform that helps organisations control data directly at the source, using a unique proxy-based solution that intercepts data before it enters the system. This approach ensures data quality and compliance from the outset, allowing problems to be addressed earlier in the pipeline. By employing a no-code integration system with multi-layer policies, businesses can assess and enforce security measures without altering application code.

The injection of capital will assist Conduktor in supporting more enterprises to meet the growing real-time data demands required for staying competitive during digital transformations.

This development solidifies Conduktor's role within the global stream processing market which is projected to grow from USD $22.34 billion in 2023 to USD $185 billion by 2032.

Nicolas Orban, CEO and Co-founder of Conduktor, stated, "Before Conduktor, enterprises lacked the flexibility to define and implement their data streaming strategy in a way that truly aligned with their specific needs and business goals. They were forced to make compromises that limited their potential. That's exactly what we're changing with our independent layer. Expanding in the U.S. marks a major milestone. With the backing of our investors, we're not just refining data streaming—we're redefining how companies scale and create value with their data."

Global enterprises such as BMW Group, Capital Group, Flix, SIX Group, DraftKings, and Lufthansa currently utilise Conduktor's platform to drive their data streaming strategies and maintain secure operations at scale.

Organisations often adopt data streaming technology only to find that without investing in people, process, and compliance, their infrastructure remains underutilised. Conduktor addresses this gap by offering a scalable framework that integrates with Apache Kafka and platforms like Confluent, Amazon MSK, and Microsoft Azure.

Conduktor's platform optimises the use and sharing of data across organisations, ensuring that companies can maximise their return on data streaming investments. This capability is especially valuable for regulated industries such as financial services, healthcare, and retail, where real-time data management is critical for safely sharing patient data or sensitive customer information, adhering to privacy regulations, and ensuring operational efficiency. The platform can detect security violations, exposure of personally identifiable information, and ensure real-time data encryption and compliance.

Orson Stadler, Principal at RTP Global, remarked, "The explosion of real-time data and AI is transforming industries, and we're only scratching the surface of its potential."

"Conduktor is enabling businesses to unlock new revenue streams and operational efficiencies that were unimaginable just a few years ago—driving real market impact. We're excited to support their continued growth."

James Wu, Partner at M12, said, "Data is the most powerful asset in modern business, transforming industries through real-time insights. As this shift accelerates, secure and efficient data use is critical to staying competitive. Conduktor is perfectly positioned to lead this effort, and we're excited to support them in their next growth phase."

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