Formerly known as Vectorized, the company launched the RedPanda in 2021, eventually renaming the company after the product. Its platform is already running on hundreds of thousands of machines, reliably enabling enterprises to continue to run the software that they’ve already invested in while addressing and eliminating past pain points with the status quo of data streaming infrastructures.

The company is using its funding to expand marketing, research, and development, increasing its speed, reducing latencies, and adding features such as its RedPanda Cloud service. RedPanda is also focusing on limitless data retention, capturing the attention of developers, and resulting in the company’s substantial growth.