Kong Raises $100 Million to Accelerate Cloud Connectivity
Tuesday, February 9, 2021 3:10PM IST (9:40AM GMT)
Series D Round Led by Tiger Global Management, Catapulting Company Valuation to $1.4B
San Francisco, United States:
Kong Inc., the cloud connectivity company, today announced it 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 will use the capital to scale its go-to-market operations, grow world-class Engineering and Customer Experience teams, and accelerate cloud connectivity with its new SaaS-based Kong Konnect service connectivity platform.