Schmidt, GE invest in 'data beaming' start-up Equalum

Tuesday 14 November 2017 | 15:59 CET | News

Israel-based Equalum has announced the closing of a USD 5 million Series A financing round led by Eric Schmidt's Innovation Endeavors and GE Ventures, as well as a group of private investors led by Giora Yaron. The company's data beaming technology, which transforms how enterprises manage the flow of data across systems, has gained rapid adoption in the manufacturing and Industrial Internet of Things (IIoT) sector and early traction in other verticals including finance and media. 

Equalum's Data Beaming platform transfers data across the enterprise, connecting any source to any target application or system – where organizations can unlock insights in real-time. Data Beaming replaces unscalable batch processes or unwieldy open-source implementations, providing a robust end-to-end solution with easy setup and a zero-coding approach, according to the company. In a recent deployment at a Fortune 100 enterprise in the industrial space, for example, Equalum replaced a popular legacy ETL product – driving a performance increase of 15x.

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