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
April 19, 2024
- Carahsoft to Showcase Cutting-Edge Solutions with 70+ Partners at GEOINT 2024
- BrainChip Highlights the 2nd Generation Akida at tinyML Summit 2024
- MathCo Named Microsoft Solutions Partner for Data and AI
- Salesforce Survey: Data Will Make or Break Workers’ Trust in AI
- Weights & Biases Announces Expanded Integration with NVIDIA NIM
- Dataminr Introduces ReGenAI to Enhance Real-Time Event Monitoring
- Cisco Reimagines Security for Data Centers and Clouds in Era of AI
- Gurucul Enhances Federated Search Capabilities Across Multiple Data Sources
- SAS-Sponsored Study Highlights Talent Shortages and Strategic Gaps in GenAI Adoption
- Redgate Launches Enterprise Edition of Redgate Monitor for Large-Scale Databases
April 18, 2024
- SAS Viya Expands Generative AI Capabilities with New Data Maker and Industry-Specific Assistants
- Moveworks Partners with Microsoft to Deliver Secure, Scalable Generative AI Solutions to Customers
- Rockset Announces 2024 Index Conference, Industry Event for Engineers Building Search, Analytics, and AI Applications at Scale
- SAS Advances Industry Solutions with Packaged AI Models
- Altair Acquires Cambridge Semantics, Powering Next-Gen Enterprise Data Fabrics and GenAI
- SAS Adds to Its Trustworthy AI Offerings with Model Cards and AI Governance Services
- Fujitsu and Oracle Collaborate to Deliver Sovereign Cloud and AI Capabilities in Japan
- Kore.ai Introduces Experience Optimization Platform V11.0, Accelerating AI Deployment
- Volumez Expands Collaboration with AWS, Joins ISV Accelerate Program
- AI Squared Raises $13.8M to Accelerate Widespread AI Adoption Within Organizations
Most Read Features
Sorry. No data so far.
Most Read News In Brief
Sorry. No data so far.
Most Read This Just In
Sorry. No data so far.
Sponsored Partner Content
-
Get your Data AI Ready – Celebrate One Year of Deep Dish Data Virtual Series!
-
Supercharge Your Data Lake with Spark 3.3
-
Learn How to Build a Custom Chatbot Using a RAG Workflow in Minutes [Hands-on Demo]
-
Overcome ETL Bottlenecks with Metadata-driven Integration for the AI Era [Free Guide]
-
Gartner® Hype Cycle™ for Analytics and Business Intelligence 2023
-
The Art of Mastering Data Quality for AI and Analytics
Sponsored Whitepapers
Contributors
Featured Events
-
Call & Contact Center Expo
April 24 - April 25Las Vegas NV United States -
AI & Big Data Expo North America 2024
June 5 - June 6Santa Clara CA United States -
AI Hardware & Edge AI Summit 2024
September 10 - September 12San Jose CA United States -
CDAO Government 2024
September 18 - September 19Washington DC United States