Event-streaming tech startup raised $250 million in its Series E, bringing the company to a $4.5 billion valuation.
Subscribe to the 附近上门 Daily
The new round was led by , with participation from new investors and , along with existing investors and . Mountain View, California-based Confluent now has $456 million in total funding, according to a from the company.
鈥淭hough new data technologies come and go, is emerging as a major new category that is on a path to be as important and foundational in the architecture of a modern digital company as databases have been,鈥 CEO Jay Kreps wrote in a .
Confluent鈥檚 business rests on the idea that updates every 24 hours from 鈥渂atch-processed data鈥 isn鈥檛 enough to keep up with the speed and personalization that people want. The platform is based on Apache Kafka, an open-source distributed streaming platform.
鈥淓very change in a bank account, update to a ride share ETA, or adjustment to a store鈥檚 inventory triggers a stream of events,鈥 the company said in a statement. 鈥淭he ability to quickly access and act on these events influences an organization鈥檚 ability to be competitive in the modern digital world.鈥
Along with the new funding announcement, Confluent said it would be announcing new capabilities or products on the first Wednesday of each month for the next eight months.
鈥淭oday鈥檚 high expectations for on-demand services has given rise to a new data infrastructure paradigm where data is no longer just a static database of information,鈥 Kreps said in a statement. 鈥淓vent streaming has set the new standard for how data can be leveraged across an organization as a continuous stream of real-time events. We鈥檙e looking forward to helping more companies put event streaming at the heart of their businesses to deliver the real-time, contextual experiences customers demand.鈥
Confluent last raised $125 million in its January 2019 Series D round, which was led by Sequoia. The company has doubled its year-over-year annual recurring revenue in 2019 and increased revenue for Confluent Cloud by more than 450 percent, according to Confluent.
Illustration Credit:
Stay up to date with recent funding rounds, acquisitions, and more with the 附近上门 Daily.


67.1K Followers