IoT Development Tools
Kong Inc is an open-source API platform company headquartered in San Francisco that helps enterprises manage, secure, and govern APIs across their organizations. Founded in 2009 and publicly branded as Kong Inc in August 2017, the company operates an open-core business model built on its widely adopted Kong API Gateway, which had accumulated 100 million downloads and 800,000 trackable active instances as of mid-2020. As of the June 2020 interview, CEO Augusto Marietti reported the company had surpassed $10 million in ARR, up from approximately $3 million the prior year, with a goal of tripling revenue by year-end. Kong served more than 130 large enterprise customers on annual subscription contracts starting at six figures, and reported an 85% gross margin, 133% net dollar retention over the trailing twelve months, and a monthly burn rate below $1 million. By 2024, Kong had raised a total of $345 million across all rounds, including a $175 million Series E, and reached a reported $2 billion valuation. The company last officially disclosed crossing $100 million in ARR in 2023.
- Revenue
- $146.1M
- Customers
- 130
- Year founded
- 2009
- Funding
- $344.3M
- Team size
- 879
- Location
- United States
