Nov 14, 2022
Having worked in Formula 1, where success is based on a team's ability to make decisions in milliseconds, the Quix founders understand the importance of real-time data. Increasing digitization of enterprise processes and consumer products has made companies awash with data. From wearables and gaming to financial services and e-commerce, more than 2.5 quintillion bytes of data are created every day.
The growing value of processing data immediately has made organizations wake up to the complexity of streaming data technologies, with industry-leading companies often investing three to five years to build in-house capabilities.
Quix has developed a high-performance, scalable platform that solves a clear business challenge: processing data in real-time to derive actionable insights. It empowers organizations to build data apps in weeks rather than years by providing dev teams with the tools, infrastructure, and integrations they'd otherwise have to build themselves.
Core to Quix's innovative strategy is a modular architecture, meaning that customers are not locked into any cloud vendor, infrastructure, or technology. The team has also made an intentional choice to focus on Python - a language that supports deeper analytics, machine learning and automation use cases.
With the new funding, Quix plans to grow its team to accelerate investments in product, partnerships, community and open-source initiatives.
Mike Rosam, Co-Founder at Quix, said:
"Many companies are struggling to combine raw technologies into real-time data capabilities. Whilst this is possible for the world's leading tech companies, most struggle to find the talent and time to deliver real-time applications. This new capital will fuel our mission to simplify event-driven data engineering so that more companies can build modern data-intensive apps. We're hiring across the product and market teams to accelerate our journey - check out our careers page to come with us."
Oliver Richards, Partner at MMC Ventures, said:
"We have been doing an increased amount of research in the data infrastructure space; it is clear that there is a growing demand for real-time streaming data, both across consumer and B2B use cases. When we first met Mike and the Quix team, it was clear that they deeply understood this challenge from their time at the McLaren F1 team, where they built streaming technology to feed race car data from the track to the analytics team. Given our relevant experience in the space (with Snowplow and Ably in particular), Quix is a fantastic addition to MMC's portfolio, and we are excited to help them deliver reliable and scalable data applications."
Former head of Germany's Federal Intelligence Service, August Hanning, faces serious charges of espionage and treason. Allegations suggest he had a covert arrangement with an ex-office manager to acquire sensitive information, including internal documents and briefings targeted at the German Chancellery. Reports indicate that he may have shared this intelligence with foreign agents, marking a significant espionage scandal under ongoing investigation.
Weather Tomorrow: On October 7, expect partly cloudy skies over Delhi-NCR, with temperatures hovering between 22°C and 34°C. Thunderstorms paired with lightning are anticipated in Haryana, Bihar, and Uttar Pradesh, while West Bengal faces similar weather. Conversely, Rajasthan will remain dry without any IMD warnings. In the hills, Himachal Pradesh and Uttarakhand might see rain or even snowfall, accompanied by thunderstorms.
Amazon Prime Day October 2026 is bringing new deals three times a day, with discounts on tech, fitness trackers, beauty, home, kitchen and more. Here’s the exact schedule for new discounts during the 48-hour sale, which runs through October 7.
The 57th meeting of the GST Council, to be chaired by Union Finance Minister Nirmala Sitharaman and comprising state finance ministers, will on October 8 deliberate significant changes to the GST enforcement framework, including removing the arrest powers of GST officers.
In a wave of activism, youth in France, Belgium, Ireland, and Spain are taking to the streets to address critical challenges affecting their lives. Protesters highlight issues such as the failing education system in France, the financial hurdles in Irish higher education, and the steep rental prices pushing Spaniards into dependency. These movements underscore deep-seated generational anxieties, pointing to a widespread sentiment of uncertainty that resonates throughout Europe.
Air Marshal Ashutosh Dixit has been appointed as the new Chief of the Indian Air Force. He succeeds Air Chief Marshal Amar Preet Singh after a long and distinguished career. Dixit has flown various aircraft and logged over 3,500 hours of flying. He is recognized for promoting indigenous aircraft projects, particularly the LCA Tejas. Air Marshal Dixit is expected to further advance the government's Aatmanirbharta initiative.
The World Bank on Tuesday said that India is well positioned to harness AI with the help of its large technical workforce
Abigail Carter moved to France to transform a neglected château into a retreat for artists and writers. After years of rebuilding her life as a widow, she found purpose in this venture. The purchase of Château de Borie cost her €610,000, and she navigated French legalities and renovation challenges. Her creative retreats generated around €80,000 in annual income, attracting participants from various countries.
Sergey Brin has committed $102 million against a proposed one-time tax on California billionaires. This tax could potentially cost him around $13 billion if approved. With significant opposition funding exceeding $187 million, support for the tax stands at about $32 million. Governor Gavin Newsom and other billionaires have joined Brin in the campaign against the tax.
Two combat-tested American drones could become part of Taiwan’s expanding unmanned arsenal as the island seeks to build a “drone shield” against the People’s Liberation Army. California-based defence technology company Aevex Aerospace is working with Taiwan’s Coretronic Intelligent Robotics Corporation (CIRC) to produce its Vandal and Onyx drones locally, combining lessons drawn from the war in Ukraine with the island’s electronics and manufacturing capabilities. Both aircraft have been tested...
YOUR NEWS, OUR NETWORK.
Do you have Great News you want to tell the world?
Be it updates about your business or your community, you can make sure that it’s heard by submitting your story to our network reaching hundreds of news sites across 6 verticals.