Confluent Targets a $60 billion market as a leading data streaming platform - Cloud business grows by 38%!

Confluent (CFLT) aims to capture a $60 billion market with its leading data streaming platform. Using the ETL principle (Extract, Transform, Load), data is extracted from various sources, transformed into a suitable format, and finally loaded into a database or data warehouse. Real-time data processing is becoming increasingly important for real-time and generative AI applications. Currently, there are 5,800 clients and a significant increase in the win rate for new business. In the fiscal year 2024, nearly double the number of new customers—840—were...