BOULDER–(BUSINESS WIRE)–August 14, 2020–
Stream.io, Inc., the creator of enterprise-grade exercise feed and chat APIs, introduced the shut of its $15 million Series A financing immediately, led by GGV Capital with participation from new investor 01 Advisors, Knight, seed spherical lead investor Arthur Ventures, and different backers, together with Olivier Pomel, CEO of Datadog, and Tom Preston-Werner, co-founder of GitHub. Tiffany Luck from GGV Capital will be a part of the Stream board of administrators. Stream plans to speculate closely in scaling its world crew throughout engineering, gross sales, and advertising and marketing.
Stream gives APIs which allow product groups to construct chat and exercise feeds for his or her purposes at scale in a fraction of the time and value of creating in-house. It permits product groups to focus their important growth assets on what makes their app distinctive. Stream powers experiences for over a billion customers throughout their two merchandise and is on a mission to raise the standard of apps for customers worldwide.
“Stream’s APIs for chat and activity feeds enables product teams to build a polished user experience,” mentioned Thierry Schellenbach, co-founder and CEO. “Our customers launch faster and can iterate more often than teams that build in-house.”
During these tough instances, Stream helps corporations in segments comparable to healthcare, schooling, finance, health, courting and social to attach their neighborhood. The APIs are designed for scalability and several other of the most important web sites and apps use Stream. Notable corporations embrace Healthline, Powerschool, Stocktwits, Freeletics, Match, TaskRabbit, Imgur and Dubsmash.
“Bunch is all about enjoying your favourite video games with mates anytime – wherever. But to carry individuals again along with mates, we would have liked a dependable real-time textual content chat answer. The integration course of was easy, fast, and easy, and we felt supported by the crew at Stream each step of the best way. We like that Stream Chat provides lots of what we’d like from a chat answer out of the field whereas functioning as a strong and scalable answer,“ mentioned Selcuk Atli, CEO of Bunch.dwell.
Historically, corporations have constructed feeds and chat in-house. With purposes rising sooner than ever earlier than, and customers anticipating a seamless UX, constructing in-house is changing into much less possible. Stream provides a degree of efficiency and high quality that corporations used to spend years on with an inner crew. Much like we noticed immense capability enhancements with the shift from conventional information facilities to the cloud, Stream permits organizations to maneuver to a better abstraction degree when constructing apps.
Stream was based by Thierry Schellenbach and Tommaso Barbugli in Amsterdam, The Netherlands. The firm participated within the Techstars NYC program. After this system, Stream moved its headquarters to Boulder, Colorado. Today it employs 55 individuals in Amsterdam and Boulder, in addition to distant.
“With the proliferation of applications, in-app engagement has never been more important to user experience,” mentioned Tiffany Luck of GGV Capital. “Stream is empowering teams to incorporate chat and activity feeds quickly, scalably, and reliably. At GGV we’re very excited to partner with the incredible team at Stream as they go after this massive global opportunity, fueling the next $1 trillion software wave.”
Dick Costolo: “The messaging as a service market is huge and rising. Stream’s expertise benefit, the unbelievable buyer success functionality the crew has constructed, and Thierry’s imaginative and prescient for the longer term all make this an thrilling funding and partnership.“
To study extra about Stream and the way you should use Stream to energy your in-app messaging and exercise feeds, please go to https://getstream.io/.