Confluent Raises $125M Atop Popularity of Its Data Streaming Platform
sdxcentral | January 25, 2019
Confluent, an open source cloud data streaming startup, announced it closed a $125 million funding round this week, hiking its overall value to $2.5 billion.Founded in 2014, Confluent grew total subscription bookings by 3.5 times last year and expanded into 11 countries, according to a blog by CEO and co-founder Jay Kreps.The company was founded by the original creators of open source Apache Kafka, a distributed streaming messaging system which has grown explosively and is now used globally by enterprises to replace traditional batch messaging systems.