WSJ | Funding Snapshot: InfluxData Raises $16M Series B

InfluxData, a developer of time-series data management software, has raised $16 million in its Series B funding round. The company will use the funds to further develop and commercialize its product, InfluxDB, which is used by companies such as Netflix, Twitter, and Airbnb. InfluxData also plans to expand its sales and marketing efforts to increase its market share. With this funding, the company aims to position itself as a leader in the time-series data management space.