Confluent, the company behind open source streaming data project Apache Kafka, raises $125M

[tacobell fan]

Open source software has produced a new multi-billion-dollar company – one that has some of Silicon Valley’s best-known venture firms jockeying to invest tens of millions in what they call one of the fastest-growing enterprise startups in years.

Confluent, which operates in an area of data management called event streaming, announced on Wednesday that it’s raised $125 million in Series D funding led by Sequoia Capital. The round, which included fellow previous investors Index Ventures and Benchmark, values Confluent at $2.5 billion, a source tells Forbes.

It's a fast ascent for a company that operated out of an unmarked office next to a dental practice in a nondescript stretch of Mountain View, California only four years ago, and hired its first salesperson a year later. Today, Confluent’s annual bookings have exceeded $100 million, sources close to the company say. Confluent says its bookings grew 3.5x over the past year.

Bookings aren't the same as revenue, as they include all of a contract's value up front. But Confluent’s growth has its investors raving. The startup is the fastest-growing enterprise subscription company Sequoia has ever seen, says partner Matthew Miller, who led the investment and Confluent’s previous Series C. Another high-profile investor in the company, Benchmark, agrees. Partner Bill Gurley wrote in a tweet last week that Confluent was the "fastest ramping enterprise company" that Benchmark had seen in 20 years.

The key to Confluent’s rapid ascent, according to Kreps: its underlying project’s success in expanding beyond Silicon Valley. “The technology has really come into its own,” Confluent’s CEO says. “It was used by tech giants and unheard of in the rest of the world. Now event streaming has gone totally mainstream.”

 

[tacobell fan]

 

 

[Idassamed]

Just now, tacobell fan said:

 

 

Modable fafa

[tacobell fan]

Just now, Idassamed said:

Modable fafa

 

 

[Idassamed]

1 minute ago, tacobell fan said:

 

 

Short lived happiness. Thanks for the photva

 

Manchi CTO.

[tacobell fan]

Just now, Idassamed said:

Manchi CTO.

 i'm still in shock that she is able to knock the future... man it's lot of talent.

[Idassamed]

Just now, tacobell fan said:

 i'm still in shock that she is able to knock the future... man it's lot of talent.

It is. 

Good luck to her and her company,

[afacc123]

11 minutes ago, Idassamed said:

It is. 

Good luck to her and her company,

Wait until the next wave 🌊 to rip event streaming 

 

it would be only visible till all the people get notice of it just like the above news....

 

working Ng with the mainstream tech in CA in concepts where usage of Database is .... you know what... let’s leave it here 

[tacobell fan]

2 minutes ago, afacc123 said:

Wait until the next wave 🌊 to rip event streaming

what is it?

[Mitron]

5 minutes ago, afacc123 said:

Wait until the next wave 🌊 to rip event streaming 

 

it would be only visible till all the people get notice of it just like the above news....

 

working Ng with the mainstream tech in CA in concepts where usage of Database is .... you know what... let’s leave it here 

Em matladutunnav va.

 

konchem clear ga cheppu

[afacc123]

2 minutes ago, tacobell fan said:

what is it?

You are the good luck wishing guy

 

wish me good luck 🍀👍 

 

event streaming is nothing without fast 💨 processing .... endukule bhayya this is not the place or the stage for all that crap 💩 

[afacc123]

3 minutes ago, Mitron said:

Em matladutunnav va.

 

konchem clear ga cheppu

Discussed with a person while studying the science behind Kafka and I believe it evolved at linkedIn

the point is I was working on a science where there is no eventual need for database any longer 

 

I see a blood diamond ♦️ 💎 somewhere but sure it’s coming

 

again this is not the place for that kind of that happens guys 

[tacobell fan]

 

 

 

 

[thillanaX5]

4 minutes ago, afacc123 said:

Discussed with a person while studying the science behind Kafka and I believe it evolved at linkedIn

the point is I was working on a science where there is no eventual need for database any longer 

 

I see a blood diamond ♦️ 💎 somewhere but sure it’s coming

 

again this is not the place for that kind of that happens guys 

Then how would you persist data?  

[afacc123]

2 minutes ago, thillanaX5 said:

Then how would you persist data?  

There is no need and that is what would drive

details like that shouldn’t elude you I guess unless drive like you I guess

BTW never saw this ID roaming around @thillanaX5