Memphis.dev, a Tel Aviv, Israel-based intelligent message broker provider, raised $5.5m in seed funding.
The round was co-led by Angular Ventures and boldstart ventures, with participation from JFrog co-founder and CTO Fred Simon, Snyk co-founder Guy Podjarny, CircleCI CEO Jim Rose, Console.dev co-founder David Mytton, and Priceline CTO Martin Brodbeck.
Led by Yaniv Ben Hemo, co-founder and CEO, Memphis.dev is an intelligent message broker that accelerates development of real-time applications. The company is focused on product evolution with a roadmap including support for GitOps, automation enablement, and reconstructing select APIs so they can be modular and open, enabling the community to self-implement new ones as they are developed. Additional focus areas include multi-tenancy, partitions, and read-replicas. The company’s Memphis Cloud, an intelligent open source platform that enables developers to get started with real-time data in a few minutes, builds on the Memphis open source project, to enable a full serverless experience for enterprises with added security and new features that provide stateless stream processing at scale. These include Augmentation of Kafka clusters, built-in schema management, enforcement, and transformation; multi-tenancy for traffic isolation; use-based billing and multi-cloud capabilities.
Memphis Cloud can run alongside Kafka, ensuring messages are delivered in order and without any loss, enabling data segregation and control, providing protocol flexibility and enhancing security.
FinSMEs
29/06/2023