D

DataForge

Real-time data infrastructure for modern apps

SaaSSeries C$500M+
Final Score
87
Tier 1: High Conviction

Immediate due diligence

Investment Decision

Tier 1: High Conviction

Efficient growth and deep moats

Recommended Action

Immediate due diligence

Headquarters

San Francisco, CA

Founded

2018

Employees

400-500

About

DataForge provides the fastest and most reliable real-time data infrastructure, enabling developers to build responsive applications with sub-millisecond latency. Our platform processes over 10 billion events daily.

Weighted Scoring Breakdown
Execution Power

Weight: 30%

80.0

Founder-Market Fit + Revenue Velocity

Capital Efficiency

Weight: 30%

85.0

Burn Multiple + LTV/CAC

Durable Moat

Weight: 25%

95.0

Proprietary Data + Integration Depth

Growth Potential

Weight: 15%

90.0

NRR + K-Factor

Evaluation Metrics (1-100 Scale)
Founder-Market FitTarget: 10+ yrs domain + serial exit

18 yrs domain exp + serial exit

Revenue VelocityTarget: >200% YoY Growth

75% YoY ARR Growth

Burn MultipleTarget: <1.0x

1.16x (Net Burn / Net New ARR)

LTV/CAC RatioTarget: >5x

7.2x ($420K / $58.0K)

Proprietary DataTarget: >80%

88% private data

Integration DepthTarget: >5 active hooks

15.2 avg APIs per user

Net Revenue RetentionTarget: >120%

145% NRR

K-FactorTarget: >1.0

0.97 (2.2 invites x 44% conv)

Key Employees
DW

Daniel Wu

CEO & Co-Founder

Former AWS, led DynamoDB team

SM

Sarah Mitchell

CTO & Co-Founder

Former Netflix, built real-time data platform

AK

Andrew Kim

VP Engineering

Former Confluent, Kafka contributor

Financial Metrics

Revenue (ARR)

$78M ARR

+75% YoY

Gross Margin

85%

Burn Rate

$3.2M/month

Runway

36 months

LTV

$420,000

CAC

$58,000

Investment Details
Total Raised$245M
Last Round$120M Series C
Last Round DateOctober 2024
Target RaiseIPO Planning 2026
Minimum Investment$1,000,000

Lead Investors

AccelIndex VenturesTiger Global
Key Highlights
  • Processing 10B+ events daily with 99.999% uptime
  • 2,500+ enterprise customers globally
  • Best-in-class developer experience
  • Path to profitability in next 18 months
Risk Factors
  • Market saturation in data infrastructure
  • Price competition from cloud providers
  • Technical complexity of scaling operations