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Confluent and Hortonworks have even more in common. Benchmark and Index Ventures were the largest investors and major shareholders of each. The partners of both companies said that Confluent was one of the fastest growing companies ever seen. Confluence has exceeded $ 100 million in annual bookings, Forbes said.
For Microsoft, the issue of Confluence remains such a small drop in the basket, even after multiplying by many times, that the company has never spoken publicly about it. At the end of the third quarter, Microsoft had close to $ 136 billion in cash, cash equivalents, and short-term investments, including $ 2 billion in equities. And as of Thursday, Microsoft is the largest publicly traded company in the world.
But the profitable investment of Confluent is an additional reason for Microsoft to boast of LinkedIn's success. Revenues from the professional networking site more than doubled in Microsoft's last fiscal year, outpacing any other category of products or services. LinkedIn contributes to the Commercial Cloud category that investors watch closely.
The most notable capital investment of LinkedIn since the creation of Confluent in 2017, when she participated in a $ 300 million investment in Cornerstone OnDemand, which is publicly traded. The stock has since increased by more than 40%.
Microsoft has been a more active investor, particularly through its M12 venture capital business. Microsoft's most famous investment may have been made in 2007 in a company that, like LinkedIn, has become known for the digital connection of people: Facebook.
– Ari Levy from CNBC contributed to this report.
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