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Confluent Announces $250 Million Series E and Project Metamorphosis to Enable Every Organization to Harness the Full Power of Event Streaming

Apr 21, 2020•about 5 years ago

Amount Raised

$250 Million

Round Type

series e

Mountain View

Description

Confluent, Inc., the event streaming platform pioneer, today announced the closing of a $250 million Series E round led by Coatue Management. New investors Altimeter Capital and Franklin Templeton joined existing investors Index Ventures and Sequoia Capital who also participated in the round, bringing Confluent’s total funding to $456 million. The adoption of event streaming as the platform for all current and historical data is rapidly accelerating as demand for real-time digital experiences are higher than ever. This groundswell of adoption led Confluent to double its annual recurring revenue year over year in 2019 and increase Confluent Cloud revenue more than 450 percent year over year

Company Information

Company

Confluent

Location

Mountain View, California, United States

About

Confluent, founded by the original creators of Apache Kafka®, pioneered the enterprise-ready event streaming platform. With Confluent, organizations benefit from the first event streaming platform built for the enterprise with the ease of use, scalability, security and flexibility required by the most discerning global companies to run their business in real time. Companies leading their respective industries have realized success with this new platform paradigm to transform their architectures to streaming from batch processing, spanning on-premises and multi-cloud environments. Confluent is headquartered in Mountain View and London, with offices globally. To learn more, please visit www.confluent.io. Download Confluent Platform and Confluent Cloud at www.confluent.io/download.

Funding Insights

Based on industry data
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

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