Materialize

Materialize

Cloud-based operational data warehouse for real-time insights

About Materialize

Simplify's Rating
Why Materialize is rated
B+
Rated B on Competitive Edge
Rated A on Growth Potential
Rated B on Rating Differentiation

Industries

Data & Analytics

Enterprise Software

Company Size

51-200

Company Stage

Series C

Total Funding

$97.8M

Headquarters

New York City, New York

Founded

2019

Overview

Materialize offers a cloud-based operational data warehouse that provides real-time insights for businesses, allowing them to make immediate decisions based on current data. The platform features automation and alerting tools to reduce manual work, enabling faster responses to minute-by-minute changes. It is particularly useful for businesses needing real-time customer data for personalization and supports machine learning applications with continually updated data. Materialize's goal is to empower data teams to operate their businesses effectively in an environment where timely and accurate data is essential.

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Significant Headcount Growth
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Simplify's Take

What believers are saying

  • Growing demand for real-time data processing boosts Materialize's market potential.
  • Partnership opportunities with Confluent enhance Materialize's integration capabilities.
  • Separation of storage and compute improves scalability and performance.

What critics are saying

  • Redpanda's serverless platform may attract cost-conscious developers away from Materialize.
  • Confluent's partner program increases competition in real-time data streaming.
  • Intensified market competition as more companies adopt real-time data solutions.

What makes Materialize unique

  • Materialize offers real-time data processing with a simple SQL interface.
  • The platform provides sub-second updates and strong consistency for streaming data.
  • Materialize's engine is built on Timely Dataflow and Differential Dataflow frameworks.

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Funding

Total Funding

$97.8M

Meets

Industry Average

Funded Over

3 Rounds

Series C funding is usually for startups that are doing well and are looking for more money to fuel major growth, such as acquiring other companies, expanding into global markets, or launching new product lines. Investors typically include larger venture capital firms and private equity.
Series C Funding Comparison
Above Average

Industry standards

$50M
$50M
Medium
$60M
Materialize
$62M
SeatGeek
$100M
Oura

Benefits

Company Equity

Growth & Insights and Company News

Headcount

6 month growth

3%

1 year growth

6%

2 year growth

17%
Business Wire
Mar 19th, 2024
Redpanda Serverless Delivers Powerful Streaming Data Platform As A Fully Managed Pay-As-You-Go Service

LONDON--(BUSINESS WIRE)--At Kafka Summit London, Redpanda announced the availability of Redpanda Serverless, a fully managed, pay-as-you-go edition of its powerful, cost-effective streaming data platform. Redpanda Serverless empowers developers to get started with streaming data in seconds and to automatically scale the service up or down to match their data workloads. As with all Redpanda products, Redpanda Serverless is fully Apache Kafka® API-compatible, ensuring it works with the complete Kafka ecosystem without requiring changes to application code. “The magic of Redpanda Serverless is its ability to create a globally available cluster in the blink of an eye,” said Redpanda CEO and founder Alex Gallego. “Engineered from the ground up for massive multi-tenancy, speed and performance, Redpanda Serverless is the most cost effective and simplest way to get started with streaming, whether you are a solo dev just getting started or an expert at a large enterprise looking to absorb spikes and scale to zero during downtime.”. With Redpanda Serverless, developers will be able to tap into the Redpanda streaming data ecosystem to build new real-time applications

VentureBeat
Jul 19th, 2023
Confluent Boosts Access To Real-Time Data With New Partner Program

Head over to our on-demand library to view sessions from VB Transform 2023. Register Here. Data streaming major Confluent has launched a ‘Connect with Confluent’ partner program to help technology providers like Google BigQuery and MongoDB enable faster access to real-time data streams through their products.The initiative will enable vendors to bring fully managed data streams directly to their customers through native integrations with Confluent Cloud. It also provides partners with access to technical, sales and marketing support to amplify go-to-market efforts and ensure their customers can make the most of real-time data at every stage and unlock new experiences for end users.“When companies can harness streams of real-time data from previously siloed teams and applications across their business, it creates a powerful network effect that opens new avenues for growth and innovation,” Erica Schultz, president of field operations at Confluent, said in a press statement. “As technology partners bring Confluent data streams directly into their platforms, they unlock potential for more cutting edge, real-time applications to be developed on their platform.” How will Connect with Confluent help?Enterprises are bullish on real-time data, with 89% of technology leaders saying investments in data streaming are important, while 44% cite the technology as a top strategic priority for their business. Even IDC predicts that nearly 30% of data generated by 2025 will be real-time

Enterprise Talk
Oct 4th, 2022
Materialize Launches Improved Version of Its Streaming Database

Materialize Inc. has introduced new capabilities for its namesake streaming database, which makes it easier to build applications that process data in real time.

VentureBeat
Oct 3rd, 2022
Materialize’S ‘Distributed Database’ Mobilizes Streaming Data With The Simplicity Of Sql

Were you unable to attend Transform 2022? Check out all of the summit sessions in our on-demand library now! Watch here. New York-based Materialize today announced the early availability of the next generation of its distributed streaming database to help enterprises mobilize their real-time streaming data with SQL

Business Wire
Oct 3rd, 2022
Materialize Makes Using Real-Time Data As Simple As Batch With New Distributed Streaming Database

NEW YORK--(BUSINESS WIRE)--Materialize today announced early availability of its distributed streaming database, which enables immediate, widespread adoption of real-time data for applications, business functions, and other data products. In an industry first for streaming data, Materialize delivers in a single platform the separation of storage and compute, strict-serializability, active replication, horizontal scalability and workload isolation — all through a simple SQL interface available as a fully-managed cloud service. Materialize is now the fastest way to build products with streaming data, drastically reducing the time, expertise, cost and maintenance traditionally associated with implementation of real-time features. Until now, adopting real-time data has come with sky-high development costs and extreme complexity in implementation, yet still lacks the capabilities necessary to truly productionalize the resulting data products. However, working with streaming data is no longer a nice-to-have for high-performing companies, and in the next decade, companies will have to work with a real-time first approach to their data. Materialize, for the first time, gives users all the power of streaming data with the same simplicity and low implementation cost as batch cloud data warehouses

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