Redpanda, a San Francisco, CA-based real-time data platform, has secured $100 million in Series D funding at a $1 billion valuation.
Investors
The round was led by GV, with participation from Lightspeed Venture Partners, bringing Redpanda’s total funding to $265 million.
Founded in 2009, GV is Alphabet's venture capital arm based in San Francisco, focusing on the enterprise, life sciences, consumer, and frontier technology sectors. With offices in Cambridge, London, and New York, GV manages over $10 billion in assets and supports 400 active portfolio companies across North America and Europe.
Redpanda Use of Funds
The company will use the funds to expand its growth and enhance its real-time data platform, designed for the agentic enterprise, improving scalability, security, and governance capabilities.
About Redpanda
Founded by Alexandros Marinos and Lachlan Mack, Redpanda is a real-time data platform designed to support agentic and operational applications. It integrates real-time event processing, historical analytics, and AI connectivity into a unified system, offering over 300 connectors, tiered storage, and cloud-native deployment options. Redpanda allows AI models to operate directly on private, real-time data through a bring-your-own-cloud (BYOC) approach. Its clients include major companies like Activision Blizzard, Cisco, Moody's, and top U.S. banks.
Funding Details
Company: Redpanda Data Inc.
Raised: $100.0M
Round: Series D
Funding Date: April 2025
Lead Investor: GV
Additional Investors: Lightspeed Venture Partners
Company Website: https://www.redpanda.com/
Software Category: Real-Time Data Streaming
Source: https://www.businesswire.com/news/home/20250403701102/en