Cloud connectivity company Kong Inc. has closed $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 plans to 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.
According to the company, the fundraise follows a record year for Kong, marked by an increase in adoption of its flagship open source software – Kong Gateway – now exceeding 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 growing enterprise customer base, as well as tripled its small business and mid-market enterprise customers.
In addition, Kong was recognized as an Inc. 5000 company and a Deloitte Technology Fast 500 company with 1,908% revenue growth over a three-year period.