Confluent, a Palo Alto, Calif.-based provider of a streaming platform based on Apache KafkaTM, raised $50m in funding.
The round was led by Sequoia with participation from existing investors Benchmark and Index Ventures. In conjunction with the funding, Sequoia partner Matt Miller joined the Confluent board.
The company, which has raised $81m in total funding, will use the new capital to continue to expand its operations and develop the platform.
Led by Jay Kreps, co-founder and CEO, Confluent provides an Apache Kafka-based streaming platform for enterprises in industries such as retail, logistics, manufacturing, financial services, technology and media to harness their real-time data streams by processing them in a real-time, distributed and scalable way to make decisions that improve brand loyalty and user experience, while lowering operating expenses and business risk.
In 2016, the company opened an EMEA headquarters in London and added many new customers including Priceline.com, Surescripts, TiVo and Zopa.