{"id":14016,"date":"2019-01-23T17:33:20","date_gmt":"2019-01-23T17:33:20","guid":{"rendered":"https:\/\/rsoftsolution.com\/blog\/open-source-leader-confluent-raises-125m-on-2-5b-valuation.html"},"modified":"2019-01-23T17:33:20","modified_gmt":"2019-01-23T17:33:20","slug":"open-source-leader-confluent-raises-125m-on-2-5b-valuation","status":"publish","type":"post","link":"https:\/\/www.rbsitsoftwaresolution.in\/blog\/open-source-leader-confluent-raises-125m-on-2-5b-valuation.html","title":{"rendered":"Open-source leader Confluent raises $125m on $2.5b valuation"},"content":{"rendered":"

Confluent<\/a>, the commercial company built on top of the open source Apache Kafka<\/a> project, announced a $125 million Series D round this morning on an enormous $2.5 billion valuation.<\/p>\n

The round was led by existing investor Sequoia Capital with participation from Index Ventures and Benchmark, who also participated in previous rounds. Today\u2019s investment brings the total raised to $206 million, according the company.<\/p>\n

The valuation soared from the previous round when the company was valued at $500 million. What\u2019s more, the company\u2019s bookings have scaled along with the valuation.<\/p>\n

\"\"<\/p>\n

Graph: Confluent<\/p>\n

\u00a0<\/p>\n

While CEO Jay Kreps wouldn\u2019t comment directly on a future IPO, he hinted that it is something the company is looking to do at some point. \u201cWith our growth and momentum so far, and with the latest funding, we are in a very good position to and have a desire to build a strong, independent company\u2026\u201d Kreps told TechCrunch.<\/p>\n

Confluent <\/a> and Kafka have developed a streaming data technology that processes massive amounts of information in real time, something that comes in handy in today\u2019s data-intensive environment. The base streaming database technology was developed at LinkedIn as a means of moving massive amounts of messages. The company decided to open source that technology in 2011, and Confluent launched as the commercial arm in 2014.<\/p>\n

Kreps, writing in a company blog post<\/a> announcing the funding, said that the events concept encompasses the basic building blocks of businesses. \u201cThese events are the orders, sales and customer experiences, that constitute the operation of the business. Databases have long helped to store the current state of the world, but we think this is only half of the story. What is missing are the continually flowing stream of events that represents everything happening in a company, and that can act as the lifeblood of its operation,\u201d he wrote.<\/p>\n

Kreps pointed out that as an open source project, Confluent depends on the community. \u201cThis is not something we\u2019re doing alone. Apache Kafka has a massive community of contributors of which we\u2019re just one part,\u201d he wrote.<\/p>\n

While the base open source component remains available for free download, it doesn\u2019t include the additional tooling the company has built to make it easier for enterprises to use Kafka.
\nRecent additions include a managed cloud version of the product and a marketplace, Confluent Hub, for sharing extensions to the platform.<\/p>\n

As we watch the company\u2019s valuation soar, it does so against a backdrop of other companies based on open source selling for big bucks in 2018 including IBM buying Red Hat<\/a> for $34 billion in October and Salesforce acquiring Mulesoft<\/a> in June for $6.5 billion.<\/p>\n

The company\u2019s most recent round was $50 million in March, 2017<\/a>.<\/p>\n

\n

Confluent raises $50M to continue growing commercial arm of Apache Kafka<\/a><\/p>\n<\/blockquote>\n

\n

Article source: http:\/\/feedproxy.google.com\/~r\/techcrunchIt\/~3\/Fl_NV8T0svU\/<\/p>","protected":false},"excerpt":{"rendered":"

Confluent, the commercial company built on top of the open source Apache Kafka project, announced a $125 million Series D round this morning on an enormous $2.5 billion valuation. The <\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[19],"tags":[25],"class_list":["post-14016","post","type-post","status-publish","format-standard","hentry","category-enterprise-software","tag-enterprise"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t