{"id":18964,"date":"2020-06-01T05:10:59","date_gmt":"2020-06-01T05:10:59","guid":{"rendered":"https:\/\/rbsitsoftwaresolution.com\/blog\/rudderstack-raises-5m-seed-round-for-its-open-source-segment-competitor.html"},"modified":"2020-06-01T05:10:59","modified_gmt":"2020-06-01T05:10:59","slug":"rudderstack-raises-5m-seed-round-for-its-open-source-segment-competitor","status":"publish","type":"post","link":"https:\/\/www.rbsitsoftwaresolution.in\/blog\/rudderstack-raises-5m-seed-round-for-its-open-source-segment-competitor.html","title":{"rendered":"RudderStack raises $5M seed round for its open-source Segment competitor"},"content":{"rendered":"

RudderStack<\/a>, a startup that offers an open-source alternative to customer data management platforms like Segment, today announced that it has raised a $5 million seed round led by S28 Capital. Salil Deshpande of Uncorrelated Ventures<\/a> and Mesosphere\/D2iQ co-founder Florian Leibert (through 468 Capital) also participated in this round.<\/p>\n

In addition, the company also today announced that it has acquired\u00a0Blendo<\/a>, an integration platform that helps businesses transform and move data from their data sources to databases.<\/p>\n

Like its larger competitors, RudderStack <\/a> helps businesses consolidate all of their customer data, which is now typically generated and managed in multiple places \u2014 and then extract value from this more holistic view. The company was founded by Soumyadeb Mitra, who has a Ph.D. in database systems and worked on similar problems previously when he was at 8\u00d78<\/a> after his previous startup, MairinaIQ, was acquired<\/a> by that company.<\/p>\n

\"\"<\/a><\/p>\n

Mitra argues that RudderStack is different from its competitors thanks to its focus on developers, its privacy and security options and its focus on being a data warehouse first, without creating yet another data silo.<\/p>\n

\u201cOur competitors provide tools for analytics, audience segmentation, etc. on top of the data they keep,\u201d he said. \u201cThat works well if you are a small startup, but larger enterprises have a ton of other data sources \u2014 at 8\u00d78 we had our own internal billing system, for example \u2014 and you want to combine this internal data with the event stream data \u2014 that you collect via RudderStack or competitors \u2014 to create a 360-degree view of the customer and act on that. This becomes very difficult with the SaaS-hosted data model of our competitors \u2014 you won\u2019t be sending all your internal data to these cloud vendors.\u201d<\/p>\n

Part of its appeal, of course, is the open-source nature of RudderStack, whose GitHub repository<\/a> now has more than 1,700 stars for the main RudderStack server. Mitra credits getting on the front page of HackerNews for its first sale. On that day, it received over 500 GitHub stars, a few thousand clones and a lot of signups for its hosted app. \u201cOne of those signups turned out to be our first paid customer. They were already a competitor\u2019s customer, but it wasn\u2019t scaling up so were looking to build something in-house. That\u2019s when they found us and started working with us,\u201d he said.<\/p>\n

Because it is open source, companies can run RudderStack anyway they want, but like most similar open-source companies, RudderStack offers multiple hosting options itself, too, that include cloud hosting, starting at $2,000 per month, with unlimited sources and destination.<\/p>\n

Current users include IFTTT, Mattermost, MarineTraffic, Torpedo and Wynn Las Vegas.<\/p>\n

As for the Blendo <\/a> acquisition, it\u2019s worth noting that the company only raised a small amount of money in its seed round. The two companies did not disclose the price of the acquisition.<\/p>\n

\u201cWith Blendo, I had the opportunity to be part of a great team that executed on the vision of turning any company into a data-driven organization,\u201d said Blendo founder Kostas Pardalis, who has joined RudderStack as head of Growth. \u201cWe\u2019ve combined the talented Blendo and RudderStack teams together with the technology that both companies have created, at a time when the customer data market is ripe for the next wave of innovation. I\u2019m excited to help drive RudderStack forward.\u201d<\/p>\n

Mitra tells me that RudderStack acquired Blendo instead of building its own version of this technology because \u201cit is not a trivial technology to build \u2014 cloud sources are really complicated and have weird schemas and API challenges and it would have taken us a lot of time to figure it out. There are independent large companies doing the ETL piece.\u201d<\/p>\n

Article source: http:\/\/feedproxy.google.com\/~r\/techcrunchIt\/~3\/mpoDBMIReHY\/<\/p>","protected":false},"excerpt":{"rendered":"

RudderStack, a startup that offers an open-source alternative to customer data management platforms like Segment, today announced that it has raised a $5 million seed round led by S28 Capital. <\/p>\n","protected":false},"author":1,"featured_media":18965,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[19],"tags":[25],"class_list":["post-18964","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-enterprise-software","tag-enterprise"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t