InfluxData Raises $35M to Accelerate Growth and Meet Growing Global Demand for Time Series Database Metrics and Events Platform– Series C Financing Led by Sapphire Ventures to Expand Company & rsquo;s Category Leadership Empowering Developers Building Next-GenerationMonitoring, Analytics and IoT Apps
SAN FRANCISCO–Feb 13, 2018– In fluxData, the ModernOpen Source Platformconstructed particularly for metrics, occasions and other time series information that empowers designers to construct next-generation tracking, analytics and IoT applications, today revealed it has actually closed a $35million Series C round of financing led by Sapphire Ventures, which funds category-leading development innovation business. Round individuals consisted of brand-new financier Harmony Partners, and existing financiers Battery Ventures, Mayfield Fund and TrinityVentures The financing will move the business & rsquo;s management in the growing Timeseries database classification
Today’s financing will be utilized to broaden Sales, Marketing and R & amp;D to satisfy the increasing need and additional construct from the In fluxData platform. In addition, this financial investment will sustain the business’s quick velocity worldwide, where it is currently seeing substantial income and development. The financing brings the business & rsquo;s overall financing to $60million. In addition, Anders Ranum, partner, Sapphire Ventures, will sign up with the Board of Directors.
“Development teams are facing steep barriers in capturing and analyzing all the data available to them in making smart decisions for their business given new capabilities in machine learning, internet of things, and artificial intelligence,”stated Ranum of SapphireVentures “We saw a significant opportunity emerging with time series platforms, and it was clear that InfluxData is the market leader. More importantly, it is the only time series platform that was architected from the ground up to handle time series data.”
“The demand for our category-leading platform is accelerating rapidly as developers and operators come to understand the power of a purpose-built time series platform to run their next-generation IoT, monitoring and analytics applications,”stated Evan Kaplan, In fluxData CEO. “This latest round of funding is an exciting opportunity for us to work with the amazing team at Sapphire Ventures to meet the needs of our expanding customer base both domestically and internationally, as well as deliver on our continued investment in building quality open source time series software for the broader development community.”
InfluxData is seeing extraordinary development sustained by 2 significant market patterns– the quick instrumentation or “sensorification” of the real world driven by the increasing financial investment in IoT systems and the surge in the software application world of cloud native applications and services, all which are being instrumented for real-time exposure and control. This “Age of Instrumentation” is sustaining the development for purpose-built time series platforms that can support the crucial requirement for real-time processing of the myriad of occasions and metrics to provide insight and competitive benefit to information driven companies. To date In fluxData has more than 115,000active websites running the platform regularly and more than 400 paying clients, consisting of Cisco Systems, Coupa Software, IBM, Nordstrom, Tesla and SAP.
“We researched the best time series platforms and chose InfluxData because it is highly performant, provided high availability, and was more cost effective than the SaaS solutions we were considering,”stated Christina Abraham, VP, Global Cloud Infrastructure & & Operations at SAPAriba “InfluxData was easy to implement and is now the primary data store to collect metrics and events for SAP Ariba operations. InfluxData provides the basis for all the visualizations and alerting that is critical to our business.”
Overthe past 12 months In fluxData has actually continued to extend its position as the marketplace leader amongst time series database management systems, the fastest growing database classification, confirmed by DB-Enginesnewest outcomes For more on these market results, see: https://db-engines.com/en/ranking/time+series+dbms.
“InfluxData is helping us provide improved visibility across our business into areas that we previously couldn’t see,”stated Sanket Naik, VP, Cloud Infrastructure and Security, CoupaSoftware “It has allowed us to do anomaly detection, and proactively identify and fix issues before customers find them. We chose InfluxCloud because it provides the scalability and high availability that our business requires.”
SapphireVentures is an equity capital company concentrated on assisting ingenious innovation business end up being international classification leaders. Leveraging almost twenty years of experience and a substantial international business network, Sapphire Ventures invests capital, resources and proficiency to allow its portfolio business to scale quickly. Whether business owners offer to organisations, customers or both, Sapphire Ventures uses an effective platform for service advancement and functional quality to assist them speed up development. With $2.5 billion under management through direct development financial investments and early-stage fund financial investments, Sapphire Ventures is placed to raise business to the international phase.
InfluxData, the developer of In fluxDB, provides a contemporary Open Source Platform constructed from the ground up for evaluating occasions and metrics (time series information) for DevOps and IoT applications. Whether the information originates from sensing units, makers, or people, In fluxData empowers designers to construct next-generation tracking, analytics, and IoT applications much faster, simpler, and to scale providing genuine service worth rapidly. Based in San Francisco, In fluxData’s more than 400 clients consist of Cisco, eBay, IBM andSiemens Visit https://www.influxdata.com/. Twitter: @influxdb.
In fluxData Raises $35M To Meet Time Series Analytics Demand by: Pamela Hendrix published: