Event streaming innovator Memphis.dev today introduced Memphis Cloud, which builds on the highly successful Memphis open source project to enable a full serverless experience for enterprises with added security and features that provide easy-to-deploy, stateless stream processing at scale. These include Augmentation of Kafka clusters, built-in schema management, enforcement, and transformation; multi-tenancy for traffic isolation; use-based billing and true multi-cloud capabilities. Memphis Cloud is poised to disrupt the dominance of the combination of Kafka and Flink with an intelligent, frictionless message broker that enables the ultra-fast development of real-time applications for developers and data engineers.
Memphis also today announced it has secured $5.5 million in seed funding co-led by Angular Ventures and boldstart ventures, with participation from JFrog co-founder and CTO Fred Simon, Snyk co-founder Guy Podjarny, CircleCI CEO Jim Rose, Console.dev co-founder David Mytton, and Priceline CTO Martin Brodbeck.
“The message broker market has been in need of innovation for years, and the vision and thoughtfulness with which the Memphis team is approaching it is truly inspiring,” said Gil Dibner, partner, Angular Ventures. “When we first met the Memphis team, they had already been hard at work for over a year - deeply committed to reinventing the event streaming paradigm from the ground up. For years, developers had been struggling to build ever more complex streaming architectures using fundamentally limited building blocks such as Kafka. The Memphis team had the ambition to completely reimagine what could be possible if the entire stack was reinvented, but the wisdom to design a solution that works seamlessly with legacy approaches.”
“The biggest problems we’ve heard from users of legacy event processing systems are the challenges with setting up clusters, managing them, and the huge costs associated with both those areas in dollars and resources,” said Shomik Ghosh, partner, boldstart ventures. “Yaniv, Avraham, Idan and Sveta blew us away with their thoughtfulness of building a message broker that could augment existing solutions as well as fully replace them with setup time in minutes and observability and cluster management a core part of the product from day one, drastically reducing the maintenance burden for developers.”