Berlin, Germany-based Immerok raised EUR 17 million in recent funding. The seed round took place on October 3, 2022. Cusp Capital, 468 Capital, Cortical Ventures, and Essence VC led the financing for the firm. Meanwhile, several angel investors, including Apache Flink co-creator Stephan Ewen joined in the investment.
Purpose of financing for Immerok
With the latest capital injection, the company intends to continue to build and launch its fully-managed cloud service for Apache Flink. It is now available to Early Access Program users on AWS.
Moreover, Immerok aims to expand support to other cloud platforms in the near future.
Meanwhile, the company intends to ramp up its hiring operations. Currently, it employs 20 professionals. However, it plans to grow to 30 by year’s end. It seeks to hire across functions such as engineering, community relations, and customer success.
What the co-founder has to say
Holger Temme, Co-founder and CEO of Immerok, said, “Businesses today differentiate themselves by data, so the most strategic IT initiatives right now centre around data-intensive applications to support AI/ML models as well as real-time and predictive analytics. Stream processing, and with it Apache Flink, is fundamental to those systems. Until now, organizations have required specialists to build, operate, and scale those streaming applications—specialists that are expensive and scarce. Immerok will make it easy for organizations to build modern real-time systems by closing the existing gap between stream processing and cloud native applications.”
What the investors have to add
Stephan Ewen, co-creator of Apache Flink, said, “The future of Apache Flink is in good hands with Immerok. I spent many years working with the Immerok co-founders. They have deep knowledge of stream processing and cloud-native computing, they build really solid technology, and they love working with the community of Flink users. I’m excited to be working with them as an advisor.”
In addition, Jan Sessenhausen, General Partner at Cusp Capital, said, “Using AI to create new real-time customer experiences and increase operational efficiency is at the top of nearly every business leader’s technology agenda today. In order to achieve this, companies require the power to cost-effectively process massive amounts of data in real time, nonstop. Immerok has the vision, the team, and the technology to make this a reality for organizations of all types and sizes, and we are thrilled to partner with them on their journey.”
Besides, Florian Leibert of 468 Capital said, “Demand for streaming analytics applications is booming. We are excited to be working with Immerok and are confident that they are the right team to bring real-time computing into the mainstream to help businesses revolutionize the way they operate.”
About the company
Austin Cawley-Edwards, David Moravek, Holger Temme, Johannes Moser, Konstantin Knauf, Piotr Nowojski, and Timo Walther launched the company in 2022. The company has operations in the US and EU.
For more extensive analysis and Market Intelligence reports, feel free to approach us.
We try our best to fact-check and bring well-researched as well as non-plagiarized content to you. Please let us know
if there are any discrepancies in any of our published stories,
-how we can improve,
-what stories you would like us to cover
–what information you are looking for, in the comments section below or through our contact form! We look forward to your feedback, and thank you for stopping by!