The round included a mix of primary and secondary transactions at a $2 billion valuation. It was led by Tiger Global and co-led by new investor Balderton, with additional new participation from Teachers' Venture Growth, the late-stage venture and growth investment arm of Ontario Teachers' Pension Plan, and 137 Ventures among others and continued support from Andreessen Horowitz, Index Ventures, CRV, Sapphire Ventures, and Notable Capital. This brings Kong's total capital raised to $345 million.

Kong, a leading developer of cloud API technologies, is on a mission to enable companies around the world to become 'API-first' and securely accelerate AI adoption. Kong helps organizations globally - from startups to Fortune 500 enterprises - unleash developer productivity, build securely and accelerate time to market.