CrateDB Developer Secures $11 Million in Series A Funding

Crate.io, developer of CrateDB, an open source SQL database for real-time machine data and IoT applications, closed $11 million in Series A funding led by Zetta Venture Partners and Deutsche Invest Equity, with participation from Mike Chalfen, Momenta Partners, and Charlie Songhurst. Existing investors Draper Esprit, Vito Ventures, and Solomon Hykes also participated in the round. The company also announced the launch of its commercially-available Crate Machine data platform and version 3.0 of CrateDB.

The Crate Machine data platform is designed to help companies simplify building and operating the data management “plumbing” that forms the foundation for IoT systems. The platform is a cloud-native stack available as a fully-managed offering on Microsoft Azure, or as an on-premises solution.