Confluent, Inc.

Last updated

Confluent, Inc.
Company type Public
ISIN US20717M1036
Industry Information technology
FoundedSeptember 23, 2014;10 years ago (2014-09-23) in Silicon Valley, U.S.
Founders
Headquarters899 West Evelyn Ave., ,
U.S.
Area served
Worldwide
Key people
  • Jay Kreps (CEO)
  • Jun Rao (co-creator of Apache Kafka®)
  • Erica Ruliffson Schultz (president of Field Operations)
Products
Services
  • Confluent Cloud
  • Confluent Platform
RevenueIncrease2.svgUS$$0.777 billion (2023)
Decrease2.svgUS$−0.443 billion (2023)
Number of employees
2,744 (2023)
Website confluent.io

Confluent, Inc. is an American technology company headquartered in Mountain View, California. [1] Confluent was founded by Jay Kreps, Jun Rao and Neha Narkhede on September 23, 2014, in order to commercialize an open-source streaming platform Apache Kafka, created by the same founders while working at LinkedIn in 2008 as a B2B infrastructure company. [2] [3] Confluent's best-known software products are the Confluent Cloud, Confluent Platform, Connectors, Apache Flink, Stream Governance and Confluent Hub. [4]

Contents

Confluent was ranked sixth in the 2020 Forbes Cloud 100. [5]

History

2014: Founding

Confluent was founded by Jay Kreps, Jun Rao and Neha Narkhede on September 23, 2014, in order to commercialize an open-source Apache Kafka, created by the same founders while working at LinkedIn in 2008 as a B2B infrastructure company. [2] [3]

2021–present

Corporation has filed for an IPO on June 1, 2021, with evaluation of $4.5 billion. [6]

On April 8, 2024, Confluent was selected to be a Google Cloud Partner of the Year and it has occurred for a fifth time. [7]

Leadership

Jay Kreps (Co-founder & CEO) Jay Kreps.jpg
Jay Kreps (Co-founder & CEO)
Board of directors

The company is run by a board of directors made up of mostly company outsiders, as is customary for publicly traded companies. Members of the board of directors as of June 2024 are Jay Kreps, Neha Narkhede, Matt Miller, Mike Volpi, Eric Vishria, Jonathan Chadwick, Greg Schott, Lara Caimi, Alyssa Henry. [8]

Chief executives

Jay Kreps (2014–present). [9]

Ownership

Confluent stock's ownership consists of the following: 72.93% is owned by Institutional Investors, 10.27% by Insiders and 16.80% by Public Companies and Individual Investors. [10]

Related Research Articles

Benchmark is a venture capital firm founded in 1995 by Bob Kagle, Bruce Dunlevie, Andy Rachleff, Kevin Harvey, and Val Vaden.

SurveyMonkey Inc. is an experience management company that offers cloud-based software in brand insights, market insights, product experience, employee experience, customer experience, online survey development, and a suite of paid back-end programs.

Lightspeed Venture Partners is a global venture capital firm focusing on seed stage, early stage investments and growth stage investments in the enterprise, fintech, consumer and healthcare sectors. Lightspeed has eleven offices globally and as of 2023 had approximately US$25 billion in assets under management.

<span class="mw-page-title-main">AppScale</span> American cloud infrastructure software company

AppScale is a software company that offers cloud infrastructure software and services to enterprises, government agencies, contractors, and third-party service providers. The company commercially supports one software product, AppScale ATS, a managed hybrid cloud infrastructure software platform that emulates the core AWS APIs. In 2019, the company ended commercial support for its open-source serverless computing platform AppScale GTS, but AppScale GTS source code remains freely available to the open-source community.

<span class="mw-page-title-main">Qualtrics</span> Experience management company

Qualtrics is an American experience management company, with co-headquarters in Seattle, Washington, and Provo, Utah, in the United States. The company was founded in 2002 by Scott M. Smith, Ryan Smith, Jared Smith, and Stuart Orgill.

Cloudera, Inc. is an American data lake software company.

<span class="mw-page-title-main">Zach Nelson</span> American tech businessman

Zachary A. Nelson served as president and chief executive officer of NetSuite, Inc. prior to its acquisition by Oracle Corp.

<span class="mw-page-title-main">Open-core model</span> Business model monetizing commercial open-source software

The open-core model is a business model for the monetization of commercially produced open-source software. The open-core model primarily involves offering a "core" or feature-limited version of a software product as free and open-source software, while offering "commercial" versions or add-ons as proprietary software. The term was coined by Andrew Lampitt in 2008.

DataStax, Inc. is a real-time data for AI company based in Santa Clara, California. Its product Astra DB is a cloud database-as-a-service based on Apache Cassandra. DataStax also offers DataStax Enterprise (DSE), an on-premises database built on Apache Cassandra, and Astra Streaming, a messaging and event streaming cloud service based on Apache Pulsar. As of June 2022, the company has roughly 800 customers distributed in over 50 countries.

<span class="mw-page-title-main">Datadog</span> American technology company

Datadog, Inc. is an American company that provides an observability service for cloud-scale applications, providing monitoring of servers, databases, tools, and services, through a SaaS-based data analytics platform. Founded and headquartered in New York City, the company is a publicly traded entity on the Nasdaq stock exchange. The mascot is a dog named Bits.

Apache Kafka is a distributed event store and stream-processing platform. It is an open-source system developed by the Apache Software Foundation written in Java and Scala. The project aims to provide a unified, high-throughput, low-latency platform for handling real-time data feeds. Kafka can connect to external systems via Kafka Connect, and provides the Kafka Streams libraries for stream processing applications. Kafka uses a binary TCP-based protocol that is optimized for efficiency and relies on a "message set" abstraction that naturally groups messages together to reduce the overhead of the network roundtrip. This "leads to larger network packets, larger sequential disk operations, contiguous memory blocks [...] which allows Kafka to turn a bursty stream of random message writes into linear writes."

Nutanix, Inc. is an American cloud computing company that sells software for datacenters and hybrid multi-cloud deployments. This includes software for virtualization, Kubernetes, database-as-a-service, software-defined networking, security, as well as software-defined storage for file, object, and block storage.

Google Cloud Platform (GCP) is a suite of cloud computing services offered by Google that provides a series of modular cloud services including computing, data storage, data analytics, and machine learning, alongside a set of management tools. It runs on the same infrastructure that Google uses internally for its end-user products, such as Google Search, Gmail, and Google Docs, according to Verma et al. Registration requires a credit card or bank account details.

<span class="mw-page-title-main">Lambda architecture</span> Data-processing architecture

Lambda architecture is a data-processing architecture designed to handle massive quantities of data by taking advantage of both batch and stream-processing methods. This approach to architecture attempts to balance latency, throughput, and fault-tolerance by using batch processing to provide comprehensive and accurate views of batch data, while simultaneously using real-time stream processing to provide views of online data. The two view outputs may be joined before presentation. The rise of lambda architecture is correlated with the growth of big data, real-time analytics, and the drive to mitigate the latencies of map-reduce.

<span class="mw-page-title-main">Databricks</span> American software company

Databricks, Inc. is a global data, analytics and artificial intelligence company founded by the original creators of Apache Spark.

<span class="mw-page-title-main">Mirantis</span> Cloud computing software and services company

Mirantis Inc. is a Campbell, California, based B2B open source cloud computing software and services company. Its primary container and cloud management products, part of the Mirantis Cloud Native Platform suite of products, are Mirantis Container Cloud and Mirantis Kubernetes Engine. The company focuses on the development and support of container and cloud infrastructure management platforms based on Kubernetes and OpenStack. The company was founded in 1999 by Alex Freedland and Boris Renski. It was one of the founding members of the OpenStack Foundation, a non-profit corporate entity established in September, 2012 to promote OpenStack software and its community. Mirantis has been an active member of the Cloud Native Computing Foundation since 2016.

<span class="mw-page-title-main">PickMe</span> Peer-to-peer ridesharing, food delivery, and transportation network company in Sri Lanka

PickMe is a Sri Lankan taxi hailing and delivery app developed by Digital Mobility Solutions Lanka (Pvt) Ltd. It launched in June 2015. The app is available in English, Sinhala and Tamil on Android and iOS. By 2021 the company had 8000 registered users. PickMe has access to Bike, Tuk, Flex, Mini, Car (Sedans), Minivan and Luxury (VIP) cars.

Nasuni Corporation is a privately-held hybrid cloud storage company with headquarters in Boston, Massachusetts.

Zscaler, Inc. is an American cloud security company based in San Jose, California. The company offers cloud-based services to protect enterprise networks and data.

<span class="mw-page-title-main">Neha Narkhede</span> American Technology Entrepreneur

Neha Narkhede is an American technology entrepreneur and the co-founder and former CTO of Confluent, a streaming data technology company. She co-created the open source software platform Apache Kafka. Narkhede now serves as a board member of Confluent. In 2020, she was listed as one of America’s Self-Made Women by Forbes.

References

  1. "Contact Us". Confluent.
  2. 1 2 "Confluent, the foundational platform for data-in-motion". Battery. June 24, 2021.
  3. 1 2 "Neha Narkhede changing the face of superstar developers (she co-created Apache Kafka and Confluent!)". www.linkedin.com. Retrieved June 11, 2024.
  4. "Home Page". Confluent.
  5. "Confluent's Ranking Leaped from Tenth to Sixth in the 2020 Forbes Cloud 100". Confluent.
  6. "Confluent's IPO brings a high-growth, high-burn SaaS model to the public markets". Tech Crunch. June 2, 2021. Retrieved June 11, 2024.
  7. "Confluent named a Google Cloud Partner of the Year for the Fifth Time". Confluent.
  8. "Set Data in Motion". Confluent. Retrieved June 11, 2024.
  9. "Announcing Confluent, a Company for Apache Kafka® and Realtime Data". Confluent.
  10. "Confluent (CFLT) Ownership - Who Owns Confluent?". Tipranks.