
Confluent Uses Deep Pockets to Extend Kafka

via Shutterstock
Enterprise adoption of event streaming frameworks is paying off for the founders of Apache Kafka, the popular stream processing platform that is poised for an upgrade.
Confluent Inc., the company launched by Kafka founders, announced a hefty $250 million funding round on Tuesday (April 21) along with a new project touted as the “next act” for real-time data streaming. The Series E round that included new investors Altimeter Capital and Franklin Templeton lifts Confluent’s total funding to $456 million. The company claims a market valuation of $4.5 billion.
Kafka-based event-streaming platforms have expanded data access to applications and their users. Confluent said the next challenge is building and scaling “event-driven” applications across datacenters, multiple clouds and microservices.
“Event streaming has set the new standard for how data can be leveraged across an organization as a continuous stream of real-time events,” Jay Kreps, Confluent’s CEO and co-founder, said in announcing the funding round.
The company also announced the launch of Project Metamorphosis, a next-generation event streaming platform hosted on Confluent’s cloud. A series of monthly product and feature releases beginning in May and extending over eight months will flesh out the upgraded real-time streaming platform, Confluent said.
The new capabilities will be “organized around the core tenets we think should be mandatory for cloud infrastructure,” Kreps added in a blog post. “Taken together we believe these will set the bar for this emerging space and lay the foundation for what we plan to do over our next five years.”
Project Metamorphosis is being launched as Confluent ramps up its ksql database built atop Kafka and positioned as the future of stream processing. Other initiatives include collecting data streams from connected Internet of Things devices. Confluent said it is currently managing more than 4,500 Kafka clusters on its cloud platform.
Recent items:
Confluent Reveals ksqlDB, a Streaming Database Built on Kafka
Higher Abstractions, Lower Complexity in Kafka’s Future
Real-Time Data Streaming, Kafka and Analytics, Part 2: Going Beyond Pure Streaming
January 21, 2021
- Narrative Unveils Universal Onboarding Self-Service Solution for Onboarding Offline Customer Data
- VAST Data Unveils Joint Reference Architecture with NVIDIA for Large-scale AI Workloads
- GridGain Continues its Strong Momentum in 2020
- Abu Dhabi Dept of Culture and Tourism Drives Data-driven Digital Transformation with Informatica
January 20, 2021
- GigaSpaces Doubles Annual Recurring Revenues, Fueled by New Product Innovations in 2020
- Emerson Receives 2021 IoT Breakthrough Award for ‘Analytics Platform of the Year’
- John Snow Labs Releases Annotation Lab 1.1 with Improvements to Speed, Accuracy and Productivity
- Behavox Partners with Red Box to Enhance Value of Voice Data Analytics
- UK Enterprises Look for Help with Rising Volume of Data
- PSU Data Science Seed Grant Program Accepting Proposals Until Feb. 1
January 19, 2021
- More US Companies Embracing Analytics to Improve Operations and Grow During COVID-19
- Hot Cloud Storage Provider Wasabi Fuels Continued Growth with $27.5M Funding Round
- ScaleOut Software Announces Tools for its Real-time Digital Twins for Streaming Analytics
- Datatron Releases New Governance Dashboard
- NIH and PhysIQ Complete Initial Phase of COVID-19 Digital Biomarker Development
- Palantir Providing Technology to Enhance Safety of Electric Grid in California
- Fivetran Expands Enterprise Data Integration with Release of New Data Source Connectors
- Splice Machine Launches Feature Store to Simplify Feature Engineering
- Teradata Vantage Now Available on the Google Cloud Marketplace
January 15, 2021
Most Read Features
- 2021 Predictions: Data Science
- Dremio Officially a ‘Unicorn’ As it Reaches $1B Valuation
- Big Data File Formats Demystified
- Peering Into the Crystal Ball of Advanced Analytics
- The Maturation of Data Science
- Why Data Science Is Still a Top Job
- 2021 Prediction from the Edge and IoT
- Is Python Strangling R to Death?
- Predictive Maintenance Drives Big Gains in Real World
- 2020: A Big Data Year in Review
- More Features…
Most Read News In Brief
- Elastic Shifts Licensing Terms, Citing Amazon Moves
- A Virtual Ride Along with John Deere at CES
- War Unfolding for Control of Elasticsearch
- Verizon Expands Deal with AWS for 5G Edge Platform
- Databricks Plotting IPO in 2021, Bloomberg Reports
- Data Prep Still Dominates Data Scientists’ Time, Survey Finds
- AWS Launches Managed Services for Grafana, Prometheus
- ACLU Objects to Expansion of Facial Recognition by CBP
- The Rise and Fall of Qlik
- Starburst Rides Presto to a $1.2B Valuation
- More News In Brief…
Most Read This Just In
- PrestoSQL Rebranding as Trino
- O’Reilly Announces 2021 Superstream Series Lineup and Dates
- BlackSky Awarded Govt Contract to Develop AI Platform for Global Construction Monitoring
- Datatron Releases New Governance Dashboard
- New Data-driven Global Climate Model Provides Projections for Urban Environments
- Starburst Secures $100M Series C Financing Led by Andreessen Horowitz
- SAS Fulfills Pledge to Support HBCUs with Software and Partnerships
- Datanami Reveals Winners of Fifth Annual Readers’ and Editors’ Choice Awards
- DL Framework ‘SmallTrain 0.2.0’ Released for Professional and Commercial Use
- Veritone and Alteryx Partner to Power the Alteryx Analytic Process Automation Platform with New AI Capabilities
- More This Just In…
Sponsored Partner Content
-
Who wins the hybrid cloud?
-
Making the Business Case for a Data Catalog
-
Hear from William McKnight on everything you need to know to modernize your enterprise data warehouse.
-
Free Whitepaper: The Race for a Unified Analytics Warehouse
-
Move beyond extracts – Instantly analyze all your data with Smart OLAP™
-
CDATA | Universal Connectivity to SaaS/Cloud, NoSQL, & Big Data
Sponsored Whitepapers
Contributors
Featured Events
-
LEAP
February 1 - February 3Saudi Arabia -
AI & Big Data Expo Global 2021
March 17 - March 18Kensington London United Kingdom