Stream.io, the creator of enterprise-grade activity feed and chat APIs, announced the close of its $15 million Series A financing , led by GGV Capital with participation from new investor 01 Advisors, Knight, seed round lead investor Arthur Ventures, and other backers, including Olivier Pomel, CEO of Datadog, and Tom Preston-Werner, co-founder of GitHub. Tiffany Luck from GGV Capital will join the Stream board of directors. Stream plans to invest heavily in scaling its global team across engineering, sales, and marketing.
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Stream (@getstream_io) Raises $15M Series A to Accelerate Global Growth Across In-App Messaging and Activity Feeds
Stream provides APIs which enable product teams to build chat and activity feeds for their applications at scale in a fraction of the time and cost of developing in-house. It allows product teams to focus their vital development resources on what makes their app unique. Stream powers experiences for over a billion users across their two products and is on a mission to elevate the quality of apps for users worldwide.
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“Stream’s APIs for chat and activity feeds enables product teams to build a polished user experience,” said Thierry Schellenbach, co-founder and CEO. “Our customers launch faster and can iterate more often than teams that build in-house.”
During these difficult times, Stream is helping companies in segments such as healthcare, education, finance, fitness, dating and social to connect their community. The APIs are designed for scalability and several of the largest websites and apps use Stream. Notable companies include Healthline, Powerschool, Stocktwits, Freeletics, Match, TaskRabbit, Imgur and Dubsmash.
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