GV, Lightspeed Funding Lifts Redpanda to Unicorn Valuation (1)

Artificial intelligence startup Redpanda Data Inc. has raised $100 million in a new funding round led by GV that values the startup at $1 billion.

Lightspeed Venture Partners also participated in the deal, which Redpanda announced Thursday. The funding doubles the startup’s valuation from its most recent financing in 2023.

Redpanda is one of a number of companies promising to make it easier for businesses to quickly and securely analyze data using AI. The company offers a real-time data platform, meaning it can analyze information that’s rapidly changing — a key feature for industries like financial services.

“The speed at ...