UK-based streaming data startup Quix today announced a £11 million series A round led by MMC Ventures.
Project A Ventures and Passion Capital returned from last year's seed round, which raised £2.3 million and also featured assorted angel investors.
Quix's goal is to let more enterprises awash with real-time data leverage that information to build "event-driven" data apps, deriving actionable insights from what's termed "streaming data" — where complex models are executed to make sense of continuous data flows from a multitude of sources.
Quix's core architecture is underpinned by Python, the popular coding language with baked-in support for deep analytics, machine learning and automation.
The aim is to empower organisations with the right streaming data tools, infrastructure and integrations to make life easier for developers, reducing lead-times to a matter of "hours".
The series A funding will go to expanding headcount enabling Quix to accelerate product development, partnerships and open-source initiatives.
Mike Rosam, co-founder of Quix, said: "This new capital will fuel our mission to simplify event-driven data engineering so that more companies can build modern data-intensive apps."
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