Germany-based Immerok raises €17.4M for its serverless Apache Flink cloud platform

Picture credit: Immerok

Berlin-based Immerok, the developer of a serverless Apache Flink cloud platform, introduced on Monday that it has secured $17M (roughly €17.4M) in a Seed spherical of funding led by CUSP Capital, 468 Capital, Cortical VC, and Essence VC. 

Apache Flink co-creator Stephan Ewen and a number of other angel traders additionally participated within the spherical. 

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“The way forward for Apache Flink is in good arms with Immerok,” says Stephan Ewen, co-creator of Apache Flink. “I spent a few years working with the Immerok co-founders. They’ve deep information of stream processing and cloud-native computing, they construct glorious expertise, they usually love working with the group of Flink customers. I’m excited to be working with them as an advisor.”

Fund utilisation

Immerok says it should use the funds to construct and launch its fully-managed cloud service for Apache Flink that’s now out there to Early Entry Program customers on AWS.

The German firm says it should additionally use the funds to increase its assist to different cloud platforms and develop its group from 20 to 30 by the yr’s finish.

“Companies right this moment differentiate themselves by knowledge, so probably the most strategic IT initiatives proper now centre round data-intensive purposes to assist AI/ML fashions in addition to real-time and predictive analytics,” says Holger Temme, Co-founder and CEO of Immerok.

Immerok: What that you must know

Immerok was based by Apache Flink consultants David Moravek, Holger Temme, Johannes Moser, Konstantin Knauf, Piotr Nowojski, and Timo Walther in 2022. The corporate has constructed a totally managed Apache Flink cloud service for real-time stream processing purposes at any scale.

Temme provides, “Till now, organisations have required specialists to construct, function, and scale these streaming purposes—costly and scarce specialists. Immerokwill makes it simple for organisations to construct trendy real-time techniques by closing the hole between stream processing and cloud-native purposes.” 

Apache Flink is an open-source stream processing and batch processing framework developed by Apache Software program Basis. It gives a high-throughput, low-latency streaming engine and assist for event-time processing and state administration. 

Presently, Apache Flink powers the world’s largest real-time e-commerce, leisure, and monetary companies techniques. 

The German firm’s service will allow anybody to leverage the total energy of Flink to fulfill a variety of real-time enterprise wants, from quick knowledge pipelines and user-facing analytics to real-time ML/AI and transaction processing.

The Immerok group is distributed throughout the US and EU, and is backed by main traders and IT trade executives. 

Buyers

Cusp Capital is a enterprise capital agency that makes early-stage investments in firms main in software program and sustainability.

“Utilizing AI to create new real-time buyer experiences and enhance operational effectivity is on the high of practically each enterprise chief’s expertise agenda right this moment,” says Jan Sessenhausen, Common Accomplice at Cusp Capital. “To realize this, firms require the ability to course of large quantities of information in real-time, nonstop cost-effectively. Immerok has the imaginative and prescient, group, and expertise to make this a actuality for organisations of every kind and sizes. 

468 Capital is a Berlin and San Francisco-based expertise funding agency. The VC helps main software program, AI, and web development firms throughout a number of funding phases. Earlier this yr, the VC additionally participated in Munich-based on-line supply platform Arive’s $20M Sequence A spherical in January.

“Demand for streaming analytics purposes is booming,” says Florian Leibert with 468 Capital. “We’re excited to be working with Immerok and are assured they’re the correct group to convey real-time computing into the mainstream to assist companies revolutionise how they function.”