Kong Raises $43 Million in Series C
Software architecture API and service lifecycle management platform Kong Inc., gained $43 million in a Series C financing round led by Index Ventures. Existing investors Andreessen Horowitz and Charles Rivers Ventures, as well as new investors GGV Capital and World Innovation Lab, also participated in the round. With the Series C, Kong has now raised $71 million to date.
According to the company, this round follows record growth in 2018, in which Kong drove a significant increase in year-over-year bookings, doubled headcount, reached 100 Kong Enterprise customers (including Yahoo! Japan, Ferrari, SoulCycle and WeWork), and hit more than 54 million downloads of open source Kong.
Kong plans to use the funds to deliver the industry’s first service control platform that brokers information across all services. The company will also invest in international expansion in Asia Pacific and Europe, build out its go-to-market capabilities and team, and grow the Kong open source community.