Redpanda Data

Redpanda Data

Cost-effective streaming data platform

About Redpanda Data

Simplify's Rating
Why Redpanda Data is rated
C+
Rated D+ on Competitive Edge
Rated A on Growth Potential
Rated C on Rating Differentiation

Industries

Data & Analytics

Enterprise Software

Company Size

51-200

Company Stage

Series C

Total Funding

$161M

Headquarters

San Francisco, California

Founded

2019

Overview

Redpanda provides a data streaming platform that is both cost-effective and easy to use. It is designed to work with Kafka APIs, which are widely used for stream processing, but simplifies the experience by reducing complexity. Users can choose between a fully-managed cloud service or a self-hosted option, giving them flexibility based on their needs. Redpanda targets businesses in sectors like finance, technology, and e-commerce that require real-time data processing. The platform significantly lowers infrastructure costs by minimizing the need for cloud instances, local storage, and bandwidth, while also enhancing performance with faster latencies and higher throughput. Unlike many competitors, Redpanda focuses on being environmentally friendly by reducing resource consumption. The company aims to provide a superior alternative to existing data streaming solutions, ensuring clients can deploy their services easily while maintaining data safety and security, as verified by Jepsen.

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Significant Headcount Growth
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Simplify's Take

What believers are saying

  • Redpanda's partnership with Ockam enhances its secure data streaming capabilities.
  • The acquisition of Benthos strengthens Redpanda's stream processing offerings.
  • Redpanda's Serverless option offers flexible, cost-effective scaling for diverse users.

What critics are saying

  • Potential Snowflake acquisition may lead to strategic misalignment with current customers.
  • Zero-trust platform adoption may be hindered by its architectural complexity.
  • Rapid growth could strain Redpanda's operational capabilities, risking service disruptions.

What makes Redpanda Data unique

  • Redpanda offers a Kafka API-compatible platform with reduced complexity and cost.
  • The platform supports both cloud and self-hosted options, providing client flexibility.
  • Redpanda's environmentally friendly design minimizes compute, storage, and bandwidth consumption.

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Funding

Total Funding

$161M

Above

Industry Average

Funded Over

4 Rounds

Notable Investors:
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
$62M
SeatGeek
$100M
Oura
$100M
Redpanda Data

Benefits

Remote Work Options

Flexible Work Hours

Growth & Insights and Company News

Headcount

6 month growth

2%

1 year growth

4%

2 year growth

12%
Tech Startups
Jan 29th, 2025
Snowflake in talks to acquire data analytics startup Redpanda in latest AI push

"Database provider Snowflake this week discussed an acquisition of Redpanda, a data analysis software startup valued at around $500 million in 2023, according to a person who has been part of the talks," The Information reported.

PR Newswire
May 31st, 2024
Ockam And Redpanda Partner To Launch The World'S First Zero-Trust Streaming Data Platform

Redpanda Connect with Ockam is the only enterprise-scale, zero-trust, streaming data platform that is simultaneously easy to deploy, secure-by-design, and highly performant.SAN FRANCISCO, May 31, 2024 /PRNewswire/ -- Today, Ockam teamed up with Redpanda to launch Redpanda Connect with Ockam: the first zero-trust streaming data platform. This is a natural partnership because both companies have the same ethos; to enable every developer to build distributed systems, at scale, with simple tools. Both companies' products are based on popular open source projects and are built by veteran, high-performing teams."Enterprise executives tell me that their high value streaming applications take a long time to build and to ship," said Matthew Gregory, Ockam's CEO. "Their biggest obstacle is the construction of secure streaming data connections across their siloed enterprise, and between partner companies. Secure data streaming is now simple to set up, trivial to maintain, and almost impossible to mess up. We've unlocked data so application development can move fast."Enterprise Kafka product vendors defer zero-trust implementation details to their customers

Business Wire
May 31st, 2024
Redpanda Acquires Benthos to Deliver a Complete, End-to-End Streaming Data Platform

Streaming data pioneer Redpanda today announced its acquisition of London-based Benthos, the popular open-source stream processing platform that enabl

Business Wire
May 7th, 2024
Redpanda 24.1 Raises Streaming Data Performance To New Heights

SAN FRANCISCO--(BUSINESS WIRE)--Streaming data pioneer Redpanda today announced the release of Redpanda 24.1, a powerful update that provides users more options for optimizing performance, extends inline processing capabilities and ensures the predictability and security of their systems. With a flexible write caching option, Redpanda 24.1 significantly improves performance on a wider variety of hardware and storage infrastructure. The release also includes new ways to balance cluster resources, role-based access control, and the general availability of Redpanda's data transformation capabilities.“We’ve released another first – a microsecond-level latency storage engine mode for the most demanding applications,” said Alex Gallego, founder and CEO of Redpanda. “We were the first to build a fully compatible alternative to Apache Kafka. The first to deliver a Bring Your Own Cloud deployment option to the streaming world, fully auditable with minimal permissions. The first to deliver streaming, in-broker transformations based on WebAssembly – also GA in this release

Business Wire
Apr 30th, 2024
Sharechat Reduces Cloud Spend 70% With Redpanda Streaming Data

SAN FRANCISCO--(BUSINESS WIRE)--Redpanda, the streaming data pioneer, today announced that ShareChat, India’s largest social media company, achieved a 70% reduction in cloud infrastructure costs with the help of Redpanda’s Bring Your Own Cloud (BYOC) deployment option. By leveraging BYOC, ShareChat maintained data sovereignty while achieving a much more efficient data architecture, saving the organization significant time and resources.“Thanks to Redpanda’s efficient services, we’re saving millions of USD annually and are now able to operate much more efficiently,” said Arya Ketan, Senior Principal Engineer at ShareChat. “We are now scaling up new use cases on our event-streaming architecture without worrying about spiraling infrastructure costs. Redpanda is an integral component in our architecture, supporting highly critical use cases.”After evaluating a range of options, the company selected Redpanda for numerous benefits, including:Reduced costs and complexity: ShareChat not only significantly reduced its cloud infrastructure expenses, it also reduced operational costs by using Redpanda Cloud’s monitoring and alerting capabilities.ShareChat not only significantly reduced its cloud infrastructure expenses, it also reduced operational costs by using Redpanda Cloud’s monitoring and alerting capabilities. Improved scale-up/scale down: ShareChat needed to scale up its clusters in response to events in India, such as Diwali or Indian Independence Day, when they can experience upwards of 50% increases in traffic, peaking at more than 2 GBps.ShareChat needed to scale up its clusters in response to events in India, such as Diwali or Indian Independence Day, when they can experience upwards of 50% increases in traffic, peaking at more than 2 GBps. Flexibility and control: Redpanda's BYOC approach ensures data sovereignty, allowing ShareChat to maintain full control over its data and comply with data protection laws.Redpanda's BYOC approach ensures data sovereignty, allowing ShareChat to maintain full control over its data and comply with data protection laws

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