Redpanda Raises $100M Led by GV, Launches Agentic AI Service for the Enterprise

The series D financing values Redpanda at $1B, fuels expanded data platform to integrate and process real-time data for analytical, operational, and agentic AI workloads

SAN FRANCISCO--(BUSINESS WIRE)--Redpanda today announced it has closed $100M in Series D funding led by GV, with participation from Lightspeed Venture Partners. With this latest investment, Redpanda is now valued at $1 billion, with a total of $265 million raised. The funds will be used to accelerate the company’s growth and expand the capabilities of its real-time data platform for the agentic enterprise, which was also announced today.

The future of enterprise AI lies in agentic applications driven by a continuous data feed across thousands of AI agents. The rapid growth of agentic applications across the enterprise will strain traditional data platforms, requiring massive scale to secure, connect, and govern data. Private data must stay protected, connectivity must be seamless, and multi-agent systems must be auditable and observable — without sacrificing performance. Redpanda is the only purpose-built data platform for this future — connecting, securing, and auditing all agent actions to enable AI adoption without compromise.

“Enterprise applications will be built in a fundamentally different way as we shift to autonomous agents and continuous computation," said Alex Gallego, founder and CEO of Redpanda. “The agentic enterprise will be multi-agent, highly orchestrated, and powered by private datasets with complete auditability and governance. Our focus from day one has been to empower the developer, giving them the tools to build frontier applications and enable the future. We are excited to introduce our new agentic runtime platform that is simple to use, scalable, and fully private for enterprise requirements. This latest round of funding gives us the opportunity to double down on our existing data streaming foundation while building the future state-of-the-art data platform for autonomous agentic applications. We are honored to have the continued backing of GV and Lightspeed as we power the future.”

Redpanda’s previous acquisition of Benthos (now Redpanda Connect) and early support for Apache Iceberg has strategically positioned the company to become an essential infrastructure layer to enable the next generation of agentic AI applications. Redpanda provides the framework that gives an LLM access to real-time data and makes all internal systems AI-ready via its Model Context Protocol (MCP) integration, to ensure the best quality outputs and business decisions.

Redpanda offers a complete data streaming platform with over 300 connectors, including AI and GPU services, and delivers ultra low-latency performance in Iceberg-native format. The new agentic AI service is built for enterprise requirements to enable multi-agent applications that require complete traceability, replays, and explainability on private data. Redpanda’s industry-leading bring-your-own-cloud (BYOC) deployment model guarantees data sovereignty, with sensitive data and credentials staying within the user's own cloud.

"Redpanda is transforming enterprise data streaming with a faster, more scalable platform built for high-volume, low-latency workloads. Used in critical industries, from autonomous vehicles to financial markets, Redpanda is now poised to lead the AI-driven enterprise as real-time data demands surge," said GV Managing Partner and Board Member Dave Munichiello. "Alex Gallego is an exceptional founder who is uniquely positioned to capitalize on these shifts, and we've proudly backed him in every round since Redpanda's Series A. With AI as the next big opportunity, Redpanda is set to expand its total addressable market, solidifying its position as the platform of choice for today's developers and enterprises."

“Redpanda's performance, simplicity, and cost-effectiveness instantly set the platform apart from legacy players in the data streaming market,” said Arif Janmohamed, partner at Lightspeed Venture Partners. “And now, by supporting AI workloads, Redpanda is proving why its technology plays a critical component in powering the future of enterprise data. Streaming data is fundamentally shifting the way applications are built and the technology that consumers interact with daily – and Redpanda is at the forefront of this transformation.”

Redpanda is trusted by global organizations including Activision Blizzard, Cisco, Moody's, Texas Instruments, Vodafone, and 2 of the top 5 banks in the U.S.

To learn more, register for our live streamcast about the new Redpanda Agentic platform on April 29th at 9:00AM PST.

About Redpanda

Redpanda is a real-time data platform that powers agentic and operational applications by integrating real-time event processing, historical analytics, and AI connectivity into a unified system. Unlike traditional architectures that require sending data to external AI models, Redpanda and its innovative BYOC capabilities brings the model to the data. Global leaders including Activision Blizzard, Cisco, Moody's, Texas Instruments, Vodafone and 2 of the top 5 banks in the U.S. rely on Redpanda to process hundreds of terabytes of data a day. Backed by premier venture investors Lightspeed, GV and Haystack VC, Redpanda is a diverse, people-first organization with teams distributed around the globe. To learn more, visit our website at redpanda.com and follow us on X (formerly Twitter) at @redpandadata.