In 2011, three LinkedIn employees – Jay Kreps, Neha Narkhede and Jun Rao – developed a technical tool that the professional network can use to process its huge amounts of messages, network inquiries and profile views. Realizing data streams could be a problem for other companies, not just LinkedIn. The trio released the software as open source software and then set about building a company called Confluent in 2014.

A decade later, when Confluent’s shares rose more than 20% on their first day of trading, Kreps and Rao are billionaires, and Narkhede will join them should Confluent’s stock rise further.

Mountain View, California Confluent listed on the Nasdaq on Thursday at a price of $ 36, which raised $ 828 million and valued the company at about $ 9.1 …

.



Source link

Leave a Reply