What is Concurrent?
Concurrent is a leader in data application infrastructure, providing enterprises with the tools to build, deploy, run, and manage data applications at scale. Its flagship product, Driven, is designed to accelerate the development and management of these critical enterprise applications. The company is also known for Cascading, its open-source technology for data applications, which boasts over 500,000 monthly user downloads and is utilized by major businesses such as eBay, Etsy, The Climate Corp, and Twitter, establishing it as a de facto standard in open-source application infrastructure. Headquartered in San Francisco, Concurrent is at the forefront of enabling scalable data application development.
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 Rembrandt Venture Partners and True Ventures
Series B (2014): $10M supported by Bain Capital Ventures, Rembrandt Ventures, and True Ventures
Key Investors in Concurrent
Bain Capital Ventures
Bain Capital Ventures is a prominent venture capital firm with a long history of investing in emerging technology companies. They focus on providing flexible funding solutions and operational expertise to drive innovation and create exceptional outcomes for their portfolio businesses.
Rembrandt Venture Partners
Rembrandt Venture Partners is a venture capital firm specializing in emerging technology companies within the enterprise technology sector. They leverage extensive C-Level operating experience to support companies in software, security, and DevOps.
True Ventures
True Ventures is a founder-first venture capital firm that partners with early-stage technology and artificial intelligence companies, providing essential capital and guidance to help build enduring businesses.
What's next for Concurrent?
With substantial enterprise-level backing and a recent strategic investment, Concurrent is well-positioned for its next phase of growth. The company's focus on data application infrastructure, coupled with the widespread adoption of its Cascading technology, suggests a strategic direction towards enhancing its enterprise solutions and expanding its market reach. Future initiatives will likely involve further product innovation, scaling its sales and support operations, and potentially exploring new market segments that require robust data application capabilities. The company's trajectory indicates a strong emphasis on solidifying its leadership in the enterprise data space.
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