Jitsu, a San Francisco based open-source data integration secures US$ 2 million Seed funding to launch its Open-Core platform for data integration in December 2020. The funding was led by Costanoa Ventures with participation from YCombintaor, The House Fund and SignalFire.
The company acquired a hosted version which companies can pay to use, that has the same name as the company.
What Jitsu has to say
Jitsu’s co-founder and CEO Peter Wysinski, said, ”A good way to think about his company is an open-source Segment, the customer data integration company that was recently sold to Twilio for $3.2 billion. It goes beyond what Segment by allowing you to move all kinds of data whether customer data, connected device data or other types”.
“If you look at the space in general, companies want more granularity. So let’s say, for example, a couple of years ago you wanted to sync just your transactions from QuickBooks to your data warehouse, now you want to capture every single sale at the point of sale. What Jitsu lets you do is capture essentially all of those events, all of those streams, and send them to your data warehouse”, he also added.
What Coastanoa Ventures has to say
Tony Liu, an Vice President at Costanoa Ventures said, “Peter and Vladimir both solved the problem of ingesting large volumes of event data with low latency as founders and CTOs at their previous companies. They are pure technologists and have designed Jitsu with a developer first mindset and a focus on data privacy”.
Founded by Peter Wysinski and Vladimir Klimontovich in December 2020, it is an open-source data integration and event collection platform for data teams that includes pre-built connectors and links batch-based and event-based integrations. It addresses the requirements of companies wanting to collect their customer and app data without the need to send it to a third party in a time when self-hosting, data security, and privacy are taking centre stage.
About Coastanoa Ventures
Costanoa Ventures is a Seed and Series A investor founded in 2012. The company’s investments include companies such as Alation, Demandbase, Directly, Kenna Security, Roadster, and Quizlet. It backs tough and thoughtful founders who change how business gets done. The firm seeks to be a long-term partner to entrepreneurs building durable companies leveraging data to solve complex business problems.
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