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Crate.io raises $11 million in series A funding to push SQL IoT data platform

June 20, 2018 / IoT News

Crate.io has raised $11 million in Series A funding to push development of its vision for an open source SQL database for real-time machine data and IoT applications.The funding round was led by Zetta Venture Partners and Deutsche Invest Equity with participation from Mike Chalfen, Momenta Partners and Charlie Songhurst. According to the company, existing investors Draper Esprit, Vito Ventures and Solomon Hykes also participated in the round, which will be used to boost the growth and adoption of both the commercial and open source offerings.The Crate Machine Data Platform plays a crucial role in helping firms put machine data to work faster. The company’s aim is to make the job of building the data management “plumbing” that forms the foundation for IoT systems easier with the help of this platform.