When Marco Palladino and I put our first footsteps in a garage in Milan over 10 years ago we did bet that the software world would have become a giant Assembly Line (APIs) powered by a new form of metered-based energy (Cloud). Lastly, our Insomnia API testing tool is now used by hundreds thousands of API developers. Our open source Kong API gateway is now exceeding 220 million total downloads, and Kuma, our universal service mesh, is used in production by 900 organizations with 1128% growth in active instances during 2020. The overall Kong community is growing, and we make up just one part of it as we build this future together. We saw a significant increase in key Global 2000 customers as well as tripled growth in our SMB to mid-market customer segment. It comes on the heels of a record year, where we’ve been able to attract an amazing and talented group of employees along with fantastic customers. This Series D round marks a major milestone for Kong. Developers, architects and DevOps can now seamlessly deliver reliable connectivity at the edge, within their applications and in between applications from one control plane. Kong Konnect is a full-stack service connectivity platform designed from the ground up for cloud native applications. This includes doubling down on engineering to further support our customers in building their connectivity fabric with our cloud-managed service connectivity platform Kong Konnect. This raise triples our valuation to $1.4 billion and will allow us to scale our go-to-market operations even faster. Today, we’re excited to share that Kong has closed a $100M Series D financing led by Tiger Global with participation from new investor Goldman Sachs as well as existing investors Index Ventures, CRV, Andreessen Horowitz and GGV Capital.
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