Kong Inc., a San Francisco, CA-based cloud connectivity company, closed $100m Series D funding round.
The round, which brings total funding to $171m, tripling the company’s valuation to $1.4 billion since the Series C round, was led by Tiger Global Management with participation from existing investors Index Ventures, CRV, GGV Capital and Andreessen Horowitz as well as new investor Goldman Sachs.
The company intends to use the funds to scale its go-to-market operations, grow its Engineering and Customer Experience teams.
Led by Augusto Marietti, CEO and co-founder, Kong creates software and managed services that connect APIs and microservices natively across and within clouds, Kubernetes, data centers and more using intelligent automation. The company’s SaaS-based service connectivity platform – called Kong Konnect – enables developers, architects and operators to deliver connectivity at the edge, within their applications and between applications. It is built on an open source core, Kong Gateway, which now exceeds 220 million total downloads and 1.5 million monthly active instances.
The company recently added key Global 2000 companies such as Deutsche Telekom, Orange, Papa John’s and Siemens to its enterprise customer base, and tripled its small business and mid-market enterprise customers.