What is Concurrent?
Concurrent, Inc. is a recognized leader in data application infrastructure, providing a suite of products designed to empower enterprises in creating, deploying, running, and managing data applications at scale. Its flagship product, Driven, is engineered to accelerate the development and operational management of these complex applications. Concurrent is also the driving force behind Cascading, an open-source technology for data applications that boasts over 500,000 monthly user downloads and is utilized by prominent businesses such as eBay, Etsy, The Climate Corp, and Twitter, establishing it as the de facto standard in open-source application infrastructure. Headquartered in San Francisco, Concurrent is strategically positioned to capitalize on the growing demand for robust data management and application development tools.
How much funding has Concurrent raised?
Concurrent has raised a total of $14.9M across 3 funding rounds:
Angel/Seed
$899K
Series A
$4M
Series B
$10M
Angel/Seed (2011): $899K, investors not publicly disclosed
Series A (2013): $4M led by True Ventures and Rembrandt Venture Partners
Series B (2014): $10M supported by Bain Capital Ventures, Rembrandt Ventures, and True Ventures
Key Investors in Concurrent
True Ventures
True Ventures is a founder-first venture capital firm that partners with creative teams at the earliest stages, providing capital, guidance, and a strong community to help build enduring technology and artificial intelligence driven companies.
Rembrandt Venture Partners
Rembrandt Venture Partners is a venture capital firm focused on investing in emerging technology companies that shape the future of enterprise technology, with a specialization in software, security, and DevOps sectors.
Bain Capital Ventures
Bain Capital Ventures is a venture capital firm that invests in emerging technology companies, leveraging deep sector expertise and a global platform to drive innovation and unlock opportunities in the enterprise technology landscape.
What's next for Concurrent?
The recent major strategic investment signifies a pivotal moment for Concurrent, likely enabling the company to accelerate its product roadmap, enhance its go-to-market strategies, and potentially expand its global reach. This backing from prominent investors suggests confidence in Concurrent's technology and its potential to capture a larger share of the enterprise data application market. Future growth may involve deepening its product capabilities, forging new strategic partnerships, and further solidifying its position as a leader in data application infrastructure, potentially leading to further funding rounds or strategic acquisitions.
See full Concurrent company page
