InfluxData has closed a $35 million Series C round of funding led by Sapphire Ventures, which funds category-leading growth technology companies. Participants included new investor Harmony Partners, and existing investors Battery Ventures, Mayfield Fund, and Trinity Ventures.
InfluxData provides an open source platform built for metrics, events, and other time series data that enables developers to build next-generation monitoring, analytics, and IoT applications
The new 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, the investment will support the company’s international growth. The funding brings the company’s total funding to $60 million. In line with this announcement, Anders Ranum, partner, Sapphire Ventures, will join the board of directors.
According to the company, it 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 spurring 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 says it 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.
Visit www.influxdata.com for more information.