Confluent, a US-based real-time data platform developer backed by social network LinkedIn, closed a $24m series B round led by venture capital firm Index Ventures yesterday.
Venture capital firm Benchmark Capital also participated in the round. Confluent previously raised $6.9m in a November 2014 series A round backed by LinkedIn, Benchmark and VC fund Data Collective.
Founded in September 2014, Confluent has created a platform based on real-time messaging technology Apache Kafka, which the company founders developed while working at LinkedIn.
Apache Kafka is open source and is built to be highly scalable. The software is already being used by streaming service Netflix, social network Pinterest and telecommunications firm Verizon among others.
Confluent plans on using the fresh funding to continue product development and sign up more enterprise clients.
Kevin Scott, senior vice president of engineering and operations at LinkedIn, said: “Apache Kafka was born at LinkedIn and we continue to invest heavily in advancing the software on our own and by working with the Kafka community, including Confluent.
“Kafka allows us to utilise our data in real-time to make our products better for LinkedIn’s members. We are excited to work with the Confluent team as they build products to allow more companies to adopt real-time data processing.”