Intel Capital and Tengelmann Ventures are set to exit data processing technology developer Data Artisans, having backed its $6.3m series A round.
E-commerce firm Alibaba agreed yesterday to acquire Germany-based Data Artisans for €90m ($103m), allowing retail group Tengelmann and semiconductor and data technology producer Intel to exit, EU-Startups reported.
Founded in 2014, Data Artisans has developed a data stream-processing platform based on Apache Flink, the open source streaming dataflow software created by the company’s founders.
The platform enables enterprises to build applications capable of reacting to data in real time and generating results accordingly. Alibaba has been a Data Artisans partner…
