Confluent partners with Visa Cash App Racing Bulls F1 team

MOUNTAIN VIEW - Data streaming company Confluent, Inc. (NASDAQ:CFLT), a $6.8 billion market cap technology firm with robust financials including a 74% gross profit margin, announced a multi-year partnership with the Visa Cash App Racing Bulls Formula 1 team, according to a press release statement. According to InvestingPro data, the company maintains strong liquidity with cash exceeding debt.

Starting at this weekend’s Formula 1 Singapore Airlines Singapore Grand Prix, the Confluent logo will appear on the VCARB 02 car’s halo and upper sidepods.

The partnership aims to provide the racing team with Confluent’s data streaming platform to process and analyze the extensive data generated during races. Formula 1 cars produce more than a million data points per second, covering aspects such as tire performance, aerodynamic forces, and driver performance.

"Every lap teaches us something new, and the faster we can learn, the better we get," said Tim Goss, Chief Technical Officer of VCARB. "With Confluent, data becomes a competitive edge that not only helps us make smarter decisions during a race but also guides post-race analysis and even car design."

Jay Kreps, CEO and co-founder of Confluent, noted that the partnership demonstrates "what’s possible when real-time data streaming becomes as central to racing as the engine itself."

The collaboration will enable VCARB to integrate data across its operations, connecting the car, pit wall, and factory to inform race-day strategy and performance development.

Confluent’s technology will help the team process telemetry and simulation data to guide race strategies and year-round performance improvements as they compete in the Formula 1 championship.

In other recent news, Confluent Inc. reported second-quarter results that surpassed expectations, prompting the company to raise its 2025 subscription revenue guidance due to the strength in its Platform business. Despite this positive performance, DA Davidson and Needham both lowered their price targets for Confluent to $24, citing concerns over cloud growth and pressures from large customer optimizations. Guggenheim also adjusted its price target to $29, noting that while cloud growth exceeded consensus estimates, there are still concerns about the pace of new use case adoption. Additionally, Wells Fargo initiated coverage on Confluent with an Overweight rating, highlighting potential upside from AI developments. The investment bank views Confluent as an undervalued beneficiary of AI, countering market worries about competition from open-source solutions. In leadership news, Confluent appointed Stephen Deasy as its new Chief Technology Officer, tasking him with enhancing the company’s AI capabilities and real-time intelligence infrastructure. These developments reflect ongoing strategic adjustments and market assessments affecting Confluent.

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