This big data startup with roots from LinkedIn just raised millions of dollars

Fortune

It used to be that if you were a company that’s been accumulating tons of data about your business, it would take a day or two (or longer) to sift through and crunch those numbers to discover ways to run your business more efficiently.

Nowadays, however, as data processing technology has matured, companies are looking to analyze their data in real time as opposed to having to wait days. If you’re a retail company selling shirts and your inventory is going down fast, you want to know what is happening immediately so you can take action. Time is of the essence.

It’s this need for speed that Mountain View, Calif.-based Confluent, a startup specializing in data processing, wants to address, and it plans to announce on Wednesday that it raised $24 million to help do so. With the funding, the startup, founded in September 2014, now has $31 million…

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