Confluent Raises a $125M Series D Funding Round

Confluent, a company focused on event streaming platforms, has raised $125 million in Series D funding led by Sequoia with participation from Index Ventures and Benchmark. The company's cloud offering went GA on both AWS and Google Cloud Platform, and it grew its subscription bookings 3.5x year-over-year. Confluent believes that event streaming platforms will play a foundational role in the architecture and operation of modern digital companies. It is currently working to expand its technology and partner with more customers adopting this approach. The company sees an increasing demand for data streaming platforms as businesses realize their importance in today's world.