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InfluxData Raises Millions to Accelerate Growth with Database Platform

By Ken Briodagh February 13, 2018

InfluxData, an Open Source Platform built for metrics, events and other time series data used to help developers build monitoring, analytics and IoT applications, has announced it has closed a $35 million Series C round of funding led by Sapphire Ventures. Round participants included new investor Harmony Partners, and existing investors Battery Ventures, Mayfield Fund and Trinity Ventures.

Today’s funding will be used to expand Sales, Marketing and R&D to meet the increasing demand and further build out of the InfluxData platform. In addition, this investment will fuel the company’s rapid acceleration internationally, where it is already seeing significant revenue and growth, the company said. The funding brings the company’s total funding to $60 million. In addition, Anders Ranum, partner, Sapphire Ventures, will join 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,” said Ranum, Sapphire Ventures. “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.”

InfluxData is seeing growth fueled by two major industry trends – the rapid instrumentation or “sensorification” of the physical world driven by the increasing investment in IoT systems and the explosion in the software world of cloud native applications and services, all of which are being instrumented for real-time visibility and control.  This “Age of Instrumentation” is fueling the growth for purpose-built time series platforms that can support the critical requirement for real time processing of the myriad of metrics and events to deliver insight and competitive advantage to data driven organizations. To date InfluxData has more than 115,000 active sites running the platform on a regular basis and more than 400 paying customers, including Cisco Systems, Coupa Software, IBM, Nordstrom, Tesla and SAP.

“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,” said Evan Kaplan, CEO, InfluxData. “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.”


Ken Briodagh is a writer and editor with more than a decade of experience under his belt. He is in love with technology and if he had his druthers would beta test everything from shoe phones to flying cars.

Edited by Ken Briodagh

Editorial Director

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