Imply, a pioneer of Analytics-in-Motion, and founded by the original creators of Apache Druid, announced it is closing on a $70 million Series C funding round, empowering the company to extend its market leadership.
This latest funding round was led by Bessemer Venture Partners with participation from Tiger Global Management, bringing total funding to over $116 million. Existing investors A16Z, Khosla Ventures and Geodesic Capital also participated in this round. This additional funding follows a banner year for Imply, growing market adoption of both Imply and open source Apache Druid.
Imply has now surpassed 100 enterprise and digital-native customers using Imply as the engine for analytics-powered applications that they build, and/or as a complete solution to directly solve internal BI and operational analytics use cases.
Analytics-in-Motion is the new requirement for digital transformation, and has emerged due to the demands of modern business and the limitations of existing analytics solutions to meet these demands, according to the vendor.
Imply’s technology removes the handcuffs to effective analytics by delivering all four attributes organizations require for effective analytics:
- Interactive queries: questions do not need to be predetermined and organizations get an engine and an app/UI, not only a database; queries can be created on-the-fly, answers are provided immediately, and insights are generated at the speed of thought (sub-second OLAP queries, self-service data analytics, point-and-explore integrated UI)
- Unlimited scale: purpose-built to scale (high query concurrency, PB+ data volumes, high ingestion throughput)
- Real-time and historical data loads: insights can be derived from data in motion and the present can be compared to the past (Kafka/Kinesis integrations, data lake integrations, flexible and adaptive schemas)
- Best price/performance: built to scale with maximum cost efficiency (configurable price/performance, predictable performance and costs, fine-tune based on usage)
The combination of these four requirements enables a broad set of new customer outcomes and will place analytics-in-motion as a defining characteristic of how every successful organization operates.
“In the modern world, what worked yesterday often doesn’t work today. Analytics-in-Motion will power the next frontier of digital transformation—the movement away from analytics solutions that are expensive, slow, and static, and towards analytics solutions that are highly scalable, cost effective, and enable customers to quickly get to the ‘a-ha’ moment,'' said Fangjin Yang, CEO of Imply.
For more information about this news, visit https://imply.io/.