InfluxData, a San Francisco, CA-based creator of the time series platform InfluxDB, raised $81M in Series E and Debt funding.
The $51M Series E round, which brought InfluxData’s total equity funding raised to $171M, was led by Princeville Capital and Citi Ventures, with participation from existing investors Battery Ventures, Mayfield Fund, and Sapphire Ventures, Trinity Ventures, Norwest Venture Partners, Sorenson Capital, and Harmony Partners.
The $30M Debt facility funding was led by Silicon Valley Bank.
The company intends to use the funds to help accelerate the development and ongoing rollout of its new database engine built on the open source project, InfluxDB IOx.
Led by CEO Evan Kaplan, InfluxData is the creator of InfluxDB, which is used by organizations to collect, store, and analyze all time series data at any scale. Developers can query and analyze their time-stamped data in real-time to discover, interpret, and share new insights to gain a competitive edge. InfluxData is a remote-first company with a globally distributed workforce.
InfluxDB is a time series database with more than 1,900 commercial customers including Tesla, Nest, Hulu, PTC, Siemens, Cisco, and IBM, and an open source community with 750,000 active open instances of InfluxDB running globally.
FinSMEs
08/02/2023