Kong Inc., a cloud connectivity company, has raised $100 million in Series D funding, led by Tiger Global Management with participation from existing investors Index Ventures, CRV, GGV Capital and Andreessen Horowitz as well as new investor Goldman Sachs.
This latest round brings Kong’s total funding to $171 million, tripling its valuation to $1.4 billion since the Series C round.
Kong will use the capital to scale its go-to-market operations, grow engineering and customer experience teams, and accelerate cloud connectivity with its new SaaS-based Kong Konnect service connectivity platform.
Kong Gateway, open source software, has 220 million total downloads and 1.5 million monthly active instances. The company added key Global 2000 companies such as Deutsche Telekom, Orange, Papa John’s and Siemens to its enterprise customer base, as well as tripled its small business and mid-market enterprise customers.
“In 2020, we saw an explosion of data in motion and services as companies fast-tracked the release of new digital experiences in response to the pandemic,” said Augusto Marietti, CEO and co-founder of Kong Inc.