The complexity of data transmission technologies, not just video transmission, but any type of data transmission, has created a headache in dealing with such high-speed data processing.
Consequently, companies like Spark, Flink have sprung up to address this ksqlDB. Many are Java-based solutions or SQL-based analysis solutions. However, UK startup Quix says it’s a platform for developing event-driven apps with Pitonwhich can have uses, for example, in physics-based data modeling and anomaly detection in machine learning.
It has now raised a £11m/$12.9m Series A funding round led by London-based VC MMC Ventures, with participation from existing investors Project A Ventures (out of Berlin) and Passion Capital ( London).
Quix’s founders are familiar with real-time decision-making, having worked in Formula 1, where success is based on milliseconds. In fact, one of its clients is McLaren, as well as the mobility startup Voi and the National Health Service (UK), among others.
In a statement, Quix co-founder Mike Rosam said, “Many companies are struggling to combine raw technologies like Kafka with real-time data capabilities…This new capital will further our mission to simplify event-driven data engineering for that more companies can build modern data-intensive applications.”
Oliver Richards, Partner at MMC Ventures, added: “We have been doing more and more research in the data infrastructure space, it is clear that there is a growing demand for streaming data in real time, both in consumer and B2B use cases. . ”