Confluent, which provides a real-time data streaming platform, filed on Tuesday with the SEC to raise up to $100 million.
Confluent states that it has 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. Its 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.
The Mountain View, CA-based company was founded in 2014 and booked $263 million in revenue for the 12 months ended March 31, 2021. It plans to list on the Nasdaq under the symbol CFLT. Confluent filed confidentially on March 23, 2021. Morgan Stanley, J.P. Morgan, Goldman Sachs, BofA Securities, Citi, Barclays, Credit Suisse, Deutsche Bank, UBS Investment Bank, and Wells Fargo Securities are the joint bookrunners on the deal. No pricing terms were disclosed.
