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Revenue for Confluent Cloud grew more than 450 percent with company’s annual recurring revenue nearly doubling
Mountain View, Calif. – February 19, 2020 – Confluent, Inc., the event streaming platform pioneer, announced 2019 results, which include annual recurring revenue (ARR) growing almost 100 percent year over year. As companies face immense pressure to be more agile and responsive to demands for real-time experiences, they turn to Confluent’s event streaming platform to harness insights from data as it happens across all environments. Organizations around the world, including Bosch Power Tools, Credit Suisse, Rakuten Card and many more, have implemented Confluent to create real-time applications, services and experiences powered by event streaming.
With the number of applications and services growing and spanning on premises and cloud, the challenge of moving, processing and scaling data between environments with security and ease becomes exponentially harder. The need for a fully managed streaming platform that can capture real-time event data from any environment without added operational burden was evident by the rapid adoption of Confluent Cloud. In 2019, revenue for Confluent Cloud increased by more than 450 percent year over year.
“The availability of real-time data is changing the way we live and the types of systems we build; however, many organizations are not ready to deal with this constant flow of information,” said David Menninger, senior vice president and research director, Ventana Research. “To overcome these barriers and capitalize on the opportunities that real-time stream processing creates, organizations should consider adopting an event-centric approach to information architecture. A common pipeline of real-time event information eliminates the need for point-to-point communications between these applications and services and provides greater agility to an organization seeking to expand its real-time processing capabilities.”
In the past year, the popularity of Apache Kafka® soared. As one of the highest paying and most in-demand tech skills in the industry, Kafka has experienced a groundswell of adoption. Its highly durable, fault-tolerant properties make it uniquely positioned to thrive as a single source of truth for all data. As a company founded by the original creators of Kafka, Confluent makes it possible for any organization to put Kafka’s event streaming at the heart of its business. With enterprise-ready security, scalability and ease of use, organizations are able to leverage event streaming in critical, production environments.
“More organizations are shifting to modern infrastructures, like hybrid cloud and microservices, to be able to fulfill the instant gratification consumers expect at every touch point,” said Jay Kreps, CEO and co-founder, Confluent. “Meeting consumers’ high expectations for responsive, personalized digital services hinges on the ability to harness real-time data from every edge of an organization, across on-premises and multiple cloud environments. Confluent is purpose-built to be the central nervous system for data that propels organizations to find success in this new technology paradigm.”
Confluent Business Momentum
Apache Kafka Community Highlights
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Confluent, founded by the original creators of Apache Kafka®, pioneered the enterprise-ready event streaming platform. With Confluent, organizations benefit from the first event streaming platform built for the enterprise with the ease of use, scalability, security and flexibility required by the most discerning global companies to run their business in real time. Companies leading their respective industries have realized success with this new platform paradigm to transform their architectures to streaming from batch processing, spanning on-premises and multi-cloud environments. Backed by Benchmark, Index Ventures and Sequoia Capital, Confluent is headquartered in Mountain View and London, with offices globally. To learn more, please visit www.confluent.io. Download Confluent Platform and Confluent Cloud at www.confluent.io/download.
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