Thursday, September 24, 2015

Ignition Partners Backs StreamSets

Bellevue-based venture investor Ignition Partners has funded another Silicon Valley-based, enterprise software developer, StreamSets. According to San Francisco-based StreamSets, it has raised $12.5M in a Series A funding. The funding was led by Battery Ventures and New Enterprise Associates, and also included Accel Partners and Ignition Partners. StreamSetes develops an source, data movement tool being used by businesses for data analysis and ingest. Ignition Partners has been very active in the enterprise software market, having recently scored a great win in StrongLoop, which was just sold to IBM earlier this month. Ignition's latest fund, Ignition Partners VI, is specifically targeted at enterprise software investments.