Chat API provider Stream secured $15 Million in Series A Funding

Stream.io, a Boulder-based creator of enterprise-grade activity feed and chat APIs, has now secured a $15 million in Series A funding round.

Stream.io is founded by the Tommaso Barbugli and Thierry Schellenbach. It offers APIs that enable product teams to build chat and activity feeds for their applications at scale, serving companies in segments such as finance, healthcare, dating, education, finances, and social to connect their community.

Thierry Schellenbach, co-founder and CEO of Stream.io, said, "Stream’s APIs for chat and activity feeds enables product teams to build a polished user experience. Our customers launch faster and can iterate more often than teams that build in-house."

Selcuk Atli, CEO of Bunch.live, said, "Bunch is all about playing your favorite games with friends anytime - anywhere. But to bring people back together with friends, we needed a reliable real-time text chat solution. The integration process was straightforward, quick, and simple, and we felt supported by the team at Stream every step of the way. We like that Stream Chat offers a lot of what we need from a chat solution out of the box while functioning as a robust and scalable solution".

The round was backed by the GGV Capital with participation from new investor Knight, O1 Advisors, seed round lead investor Arthur Ventures, and some other backers, which includes the Tom Preston-Werner, co-founder of GitHub and Olivier Pomel, CEO of Datadog.

Post funding, Tiffany Luck. The General Partner at GGV Capital will join the Board of Directors team at Stream.io.

The company, as of now, has plans to use the new funds to invest in scaling its global team across the sales, marketing, and engineering department, notes the announcement.

PC: Pablo, Pixabay