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Confluent’s IPO: The Details You Need To Know

‘Data in motion’ software developer Confluent filed S-1 and amended S-1 documents with the U.S. Securities and Exchange Commission in recent weeks, providing information about the company’s financial performance, ownership and go-to-market plans in advance of its much-anticipated IPO. Here’s a deep dive into the details.

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 What Confluent Does

Confluent was co-founded in 2014 by CEO Jay Kreps (pictured above), former CTO Neha Narkhede and Jun Rao. The three previously worked at LinkedIn where in 2011 they developed event streaming software called Kafka – now an open-source Apache Software project – that is the foundation for Confluent’s commercial software.

Confluent targets its real-time data/event streaming products, including the Confluent Platform software and Confluent Cloud cloud-native service, toward real-time data processing tasks – what the company calls “data in motion.”

“We have pioneered a new category of data infrastructure designed to connect all the applications, systems, and data layers of a company around a real-time central nervous system,” Confluent said in its prospectus, included in the S-1 filing.

“This new data infrastructure software has emerged as one of the most strategic parts of the next-generation technology stack and using this stack to harness data in motion is critical to the success of modern companies as they strive to compete and win in the digital-first world,” the company said in the SEC documents.

Confluent’s technology “is designed to act as the nexus of real-time data, from every source, allowing it to stream across the organization and enabling applications to harness it to power real-time customer experiences and data-driven business operations,” the S-1 said. “Our offering can be deployed either as a fully managed, cloud-native SaaS offering available on all major cloud providers or an enterprise-ready, self-managed software offering. Our cloud-native offering works across multi-cloud and hybrid infrastructures, delivering massive scalability, elasticity, security, and global interconnectedness, enabling agile development.”

 

 
 
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