Kong has successfully raised $100 million in Series D funding, led by Tiger Global and including new and existing investors, tripling its valuation to $1.4 billion and enabling the company to enhance its cloud-managed service connectivity platform, Kong Konnect. This platform is designed to support cloud-native applications by providing reliable connectivity across various systems from a single control plane. The funding follows a year of significant growth for Kong, marked by an increase in Global 2000 clients and a tripling of its SMB to mid-market customer segment. The company’s open-source Kong API gateway has surpassed 220 million downloads, and its universal service mesh, Kuma, has seen a substantial increase in active instances. Kong's tools, including the Insomnia API testing tool, are widely used by API developers. As digital experiences become mainstream, APIs have emerged as the most efficient way to transmit data, representing 83% of web traffic according to Akamai's report. This trend underscores the growing importance of API connectivity, which is central to Kong's mission of enabling secure and reliable digital connections. Looking ahead, Kong is committed to expanding its role in powering digital interactions, anticipating that the demand for cloud services and API-driven connectivity will continue to grow.