Confluent expands local presence to set Data in Motion for digital India
The company focuses on international expansion and job creation; Bengaluru centre will have around 200 employees by the year end
Bengaluru, NFAPost: Confluent, Inc. (NASDAQ: CFLT), the data streaming platform to set data in motion, announced 100 additional new jobs to be created over the rest of the year in Indi along with the opening of a engineering Centre in Bangalore, India.
The move affirms the company’s commitment to drive high growth in 2022 by building its global presence and offering a differentiated model for cloud-native, complete and fully-managed data in motion in India.
The new office and engineering hub comes amid surging demand for data streaming as companies modernise data processes across all industries including retail, automotive, manufacturing, and financial services sectors. The expansion to India comes at a time when Confluent announced a record number of net new customers for Q1 2022 and 64% total revenue growth year over year in its first-quarter with projected total revenue of $554-$560 million for FY22.
Speaking at an interaction with media, Confluent Senior Vice President Hemanth Vedagarbha said India is a key market for Confluent as we scale up our global presence.
“The public cloud services market is growing at a rapid rate and we’re already seeing many exciting use cases among customers here. Bangalore is fast becoming the technology hub of the country, which makes it a natural home for Confluent to deliver its new category of data infrastructure to enable businesses of all types to set their data in motion,” said Confluent Senior Vice President Hemanth Vedagarbha.
Commenting on the news, Confluent customer Katreddi Kiran Kumar, Vice President – Data Platform Engineering at Meesho said for a tech-first company like Meesho which is committed to democratising internet commerce for everyone in India, the Confluent platform has been transformational in connecting our organisation and enabling real time data ingestion.
“We are excited to see Confluent strengthen its commitment and presence in India, unlocking the opportunity to set data in motion for more companies like ours,” said Meesho Vice President – Data Platform Engineering Katreddi Kiran Kumar.
Confluent Senior Vice President Engineering Chad Verbowski said the company’s extended presence in India will see the company making approximately 100 new hires for roles within go-to-market, engineering, and global supporting functions this year.
“Working under the direction of Srinivasulu Grandhi, VP, Confluent, the Bangalore-based team will focus on growing its customer base and working with businesses to unlock the full potential of the Confluent data in motion platform,” said Confluent Senior Vice President Engineering Chad Verbowski.
About Confluent
Confluent is the data streaming platform that is pioneering a fundamentally new category of data infrastructure that sets data in motion. Confluent’s cloud-native offering is the foundational platform for data in motion—designed to be the intelligent connective tissue enabling real-time data, from multiple sources, to constantly stream across the organization. With Confluent, organizations can meet the new business imperative of delivering rich, digital front-end customer experiences and transitioning to sophisticated, real-time, software-driven backend operations. To learn more, please visit www.confluent.io.
Confluent and associated marks are trademarks or registered trademarks of Confluent, Inc.
