Materialize Raises $60M in Series D

Materialize has successfully raised $60M in a Series D at a $600M valuation led by Kleiner Perkins, Lightspeed Venture Partners, Redpoint Ventures.

Company Overview

Materialize is a Database company headquartered in 548 Market Street, San Francisco, CA 94104, founded in 2019 with 150+ employees.

Streaming database

Fundraising Details

• Amount Raised: $60M
• Round Type: Series D
• Valuation: $600M
• Date: 2024-11-13
• Investors: Kleiner Perkins, Lightspeed Venture Partners, Redpoint Ventures

About Materialize

Streaming database The company is positioned in the Database sector, serving a growing market with innovative solutions.

Key Information

• Headquarters: 548 Market Street, San Francisco, CA 94104
• Founded: 2019
• Team Size: 150+
• Industry: Database

What This Means

This funding round demonstrates strong investor confidence in Materialize's vision and execution. The capital will likely be used to:

• Scale Operations: Expand the team and operational capacity
• Product Development: Enhance existing products and develop new features
• Market Expansion: Enter new markets and strengthen presence in existing ones
• Technology Investment: Invest in infrastructure and technology capabilities

Industry Context

The Database sector continues to attract significant investment as companies innovate to meet evolving market demands. Materialize's successful fundraising reflects the strong fundamentals and growth potential in this space.

Valuation Milestone

Reaching a $600M valuation marks an important milestone for Materialize, positioning the company among notable players in the Database industry.

Looking Ahead

With this new capital, Materialize is well-positioned to execute on its growth strategy and continue building innovative solutions in the Database space. The company's trajectory will be one to watch as it deploys this funding to achieve its next phase of growth.

This fundraising news was reported on 2024-11-13. For more information about Materialize, visit their headquarters at 548 Market Street, San Francisco, CA 94104.