Memphis.dev secures $5.5 million in Seed to accelerate development of real-time applications

Memphis.dev, an event streaming company, has announced that it has secured $5.5 million in Seed funding co-led by Angular Ventures and boldstart ventures, with participation from JFrog co-founder and CTO Fred Simon, Snyk co-founder Guy Podjarny, CircleCI CEO Jim Rose, Console.dev co-founder David Mytton, and Priceline CTO Martin Brodbeck. The announcement also coincided with the introduction of Memphis Cloud, which builds on the Memphis open-source project to enable a serverless experience for enterprises.

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The core product of Memphis.dev is a message broker focused on the storage layer. It focuses on product evolution with a roadmap for support with GitOps, automation enablement, and reconstructing select APIs so they are more open and helps the community implement them as new ones are developed.

The Memphis.dev team

“The world is asynchronous and built out of events,” said Yaniv Ben Hemo, co-founder and CEO, Memphis. “Message brokers are the engine behind their flow in the modern software architecture, and when we looked at the bigger picture and the role message brokers play, we immediately understood that the modern message broker should be much more intelligent and by far with much less friction. With that insight, we built Memphis.dev which takes five minutes on average for a user to get to production and start building queue-based applications and distributed streaming pipelines.”

Additional focus areas include multi-tenancy, partitions, and read replicas. Memphis Cloud can run alongside Kafka and ensure messages are delivered in order and without any loss, giving it the potential to disrupt the dominance of the combination of Kafka and Flink as a message broker that helps with the fast development of real-time applications for developers and data engineers.