CEO: Jay Kreps
Confluent is one of several big data companies that investors are eagerly awaiting an initial public offering and possibly repeating Snowflake’s huge success with its 2020 IPO.
Confluent’s flagship product, the Confluent Platform, organizes and manages massive volumes of streaming data and makes it available to operational applications, business analytics tools and information workers. The event stream processing software is based on Apache Kafka, open-source stream processing technology originally developed by Confluent’s founders while working at LinkedIn.
In April 2020 Confluent launched “Project Metamorphosis” to develop new products and capabilities to help customers adopt the Confluent platform. The Mountain View, Calif.-based company certainly has the resources: Confluent raised $250 million in Series E funding that month, bringing its total funding to more than $455 million and vaulting its market valuation to $4.5 billion.