Redpanda Data, a streaming data platform for developers headquartered in San Francisco, California, has raised $100 million in Series C funding. The funding round, led by returning investors Lightspeed Venture Partners, along with GV and Haystack VC, brings the total amount raised to $165 million. The company plans to utilize the funds to expand its operations and extend its business reach, enabling data-intensive applications with new capabilities beyond traditional streaming data platforms.
Redpanda has developed a native Kafka API-based system that simplifies complexity, enhances performance, and reduces costs for companies such as Activision, Texas Instruments, Midjourney, StoneX, Cisco, Lacework, Optimizely, Vodafone, Moody’s, Jump Trading and NCR. These organizations rely on Redpanda to process terabytes of streaming data daily for their applications and services. The platform has gained significant traction across various data-intensive industries, including finance, technology, cybersecurity, manufacturing, gaming, and aerospace. Redpanda provides source availability to developers under the business source license and offers enterprise partnerships for self-hosting in production environments, as well as access to Redpanda's cloud offerings.