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 round was led by existing investor Sequoia Capital with participation from Index Ventures and Benchmark, who also participated in previous rounds. Today’s investment brings the total raised to $206 million, according the company.
The valuation soared from the previous round when the company was valued at $500 million. What’s more, the company’s bookings have scaled along with the valuation.
While CEO Jay Kreps wouldn’t comment directly on a future IPO, he hinted that it is something the company is looking to do at some point. “With 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…” Kreps told TechCrunch.
Confluent and Kafka have developed a streaming data technology that processes m..Read More