LinkedIn-backed Confluent secured the cash at a $4.5bn valuation, and the data streaming software producer has now raised more than $450m in total.

Confluent, the US-based data streaming platform developer backed by social network LinkedIn, completed a $250m series E round yesterday that was led by investment management firm Coatue Management.

Investment firms Altimeter Capital and Franklin Templeton also participated in the round, along with venture capital firms Index Ventures and Sequoia Capital. The money was raised at a $4.5bn valuation.

Founded in 2014, Confluent has created a software platform that allows enterprises to stream current and historical data in order to track…

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Robert Lavine

Robert Lavine is special features editor for Global Venturing.