Ryft Data Systems

growth-positive

Ryft, a new entrant in the data infrastructure market, has emerged from stealth mode with $8 million in Seed funding. The company aims to help businesses manage their data independently of large cloud providers by using Apache Iceberg, an open-source framework for data lakes. The Seed round was led by Index Ventures and Bessemer Venture Partners, with additional backing from notable figures in the tech industry. Ryft plans to use the funding to expand its engineering team, enhance its partner network, and increase commercial activities. The company already has customers in various sectors, including finance, e-commerce, and cybersecurity, and aims to provide a managed service that simplifies data management while maintaining control.