Dozer Raises $3 Mn In Seed Funding From Sequoia Capital, Others
Dozer, an open-source data infrastructure platform, has raised $3 million in a seed funding round led by Sequoia Capital India and Southeast Asia’s Surge. Gradient Ventures and January Capital also participated in the funding round.
As per the startup, the freshly raised funds will be used to scale product and engineering teams.
Dozer | Open-source Data Infrastructure Platform
Co-founded by Matteo Pelati and Vivek Gudapuri, Dozer helps engineers instantly create highly scalable real-time data APIs. The startup has emerged from stealth, and its platform is now openly accessible to developers.
It offers a plug-and-play data infrastructure backend, allowing engineers to easily connect with any data source, combine them and create real-time APIs to build end-user applications in minutes, all with a simple configuration.
Speaking about the development, Matteo and Vivek, Co-founders of Dozer, said,
“We believe that companies will continue to invest in real-time, data-driven products that offer users a 10 times experience – and the picks and shovels that enable this will unlock tremendous value. Dozer offers a novel approach to building data APIs, playing in a very strategic and potentially large TAM.”
The platform is open-source and built in Rust, a low-level programming language that is well known for its fast performance and memory safety and can be extended to support new data sources or transformations.
Dozer connects with a wide variety of databases such as Postgres and MySQL, data warehouses such as Snowflake, and even the Ethereum blockchain ledger. The platform enables engineers to aggregate data across multiple sources to glean real-time insights and build features for customer personalisation, according to an official statement given by the company.
Despite the funding winter, several startups managed to raise funding. A few of them are:
–Metastable Materials, a Bengaluru-based Li-ion battery recycling startup, raised an undisclosed amount in its seed funding round.
–CometChat, a Mumbai and Denver-based user engagement platform, raised $5 million (around Rs 40 crore) in a debt funding round from Utah-based Zions Venture Fund.
-Online learning platform ixamBee raised Rs 5 crore in a Pre-Series A round led by Inflection Point Ventures (IPV).
–DesignCafe, a Bengaluru-based home interior solutions brand, raised Rs 40 crore in a follow-on Series B round of funding.
–Gullak, a savings investment app founded by former executives of payment technology platform JusPay, raised $3 million (around Rs 24.4 crore) in a seed funding round.
–Mad Street Den, an enterprise artificial intelligence (AI) startup, raised $30 million in its Series C funding round led by Avatar Growth Capital.
Note: If you are a budding entrepreneur and require assistance to register a Pvt Ltd Company, register a company, create financial projections, business development, LLP Registration, compliance filing, funding formalities, debt funding, CFO Services, or other startup related legal services, contact us.