Data streaming platform Confluent opens a new office in Bengaluru

Confluent, Inc. (NASDAQ: CFLT), the data streaming platform announced the opening of their new Bangalore office. They also spoke about creation of 100 additional jobs across India, a 50 percent increase in their current workforce. This new development is in line with the company’s ambition to drive high growth in 2022 by expanding its global presence and offering a differentiated model for cloud-native, complete and fully-managed data in motion in India.

The company is experienceing surging demand for data streaming with several companies modernising their data processes across all industries, including retail, manufacturing, automative, and financial services sectors. Confluent recently 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.

“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 already see 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 Hemanth Vedagarbha, SVP, Confluent.
“Confluent’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,” Chad Verbowski, Senior Vice President Engineering at Confluent.