Sendence Closes $1.5 Million in Seed Funding From Five Leading Firms to Usher in a New Generation of Real-Time Data Applications

NEW YORK, Aug. 1, 2017 /PRNewswire/ -- Sendence's Wallaroo platform helps companies build, run and scale real-time data applications quickly. Wallaroo takes away complexity by delivering a data and processing layer for real-time applications, spanning any number of servers whether on-premises or in the cloud. The Wallaroo framework provides a highly elastic environment that allows developers to focus on making business algorithms smarter while delivering applications that can run hundreds of times faster at a fraction of the cost as well as grow and shrink capacity with zero downtime.

Sendence completed the $1.5 million funding round with investments from Boldstart Ventures, Contour Venture Partners, Greycroft, Notation Capital and Resolute Ventures.

"Mobile, cloud and connected devices are causing application data volumes to grow exponentially. By 2020 data volumes are projected to be over 200 billion messages per second. The need for real-time data processing has reached a critical point. We have built Wallaroo to make it radically easier for companies to build and operate these real-time applications, letting them focus on making their business better and faster while we take care of the rest. We are excited to welcome this incredible list of investors to Sendence to accelerate our growth," said Vid Jain, Founder, and CEO.

"Anyone building real-time applications needs to take a close look at Wallaroo," said Dan Petrozzo, ex-CIO of Morgan Stanley and ex-CTO of Asset Management at Goldman Sachs. "It will accelerate development and take away complexity."

"The explosion of real-time data coupled with fast machine algorithms will transform almost every industry," said Ed Sim, Founding Partner at Boldstart. "Wallaroo delivers an enormous competitive edge to any business undergoing this transformation, especially those that need to operate at scale."

"There are a lot of real-time data processing frameworks, but Wallaroo is the only one with the necessary combination of integrated state management, autoscaling and very high-performance," said Alexis Lê-Quôc, CTO of Datadog. "It's a game-changer for deploying real-time applications."

About Sendence
Sendence (www.sendence.com), founded in 2015 by Vid Jain, allows companies to build, deploy and scale real-time data applications quickly. The Sendence platform takes away the complexity of building data- intensive applications by providing a real-time data and processing layer for any data center or cloud environment. In addition, Sendence has an intelligent scaling function which automatically increases or decreases servers needed for intensive processing. Sendence is based in New York City.

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Learn more, get a demo, or sign up for the open-source preview by contacting:

Chuck Blake
(646) 801-3168
[email protected]

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http://www.sendence.com

SOURCE Sendence

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http://www.sendence.com