- Materialize, an NYC-based streaming SQL database company raised $40m in Series B funding
- The round was led by Kleiner Perkins with participation from Lightspeed Venture Partners and executives from Cockroach Labs, Datadog and Rubrik
- The company also intends to use the funds to grow its engineering team, prepare the business for growth and extend product rollout
- Materialize provides a streaming SQL database company that makes it easy for any developer or analyst to understand streaming data
- The company computes and incrementally maintains data as it generated so query results accessible the moment they needed
- Early customers are using its products for real-time data visualization, financial modeling, and to advance various SaaS applications in martech, logistics
