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InfluxData Closes Series E Round and Raises $81 Million in Capital, Strengthens Position as Global Time Series Leader

Blog post from InfluxData

Post Details
Company
Date Published
Author
Company
Word Count
857
Company Posts That Month
14
Language
English
Hacker News Points
-
Post removed?
No
Summary

InfluxData, the creator of the leading time series platform InfluxDB, has raised $81 million in capital funding through a $51 million Series E funding round led by Princeville Capital and Citi Ventures. The new investment will help accelerate the development and rollout of InfluxDB's new database engine, InfluxDB IOx, which reimagines InfluxDB as a real-time columnar datastore built to ingest billions of data points in real-time. This investment brings InfluxData's total equity funding raised to $171 million, solidifying its position as the leading time series market player. With over 1,900 commercial customers and a thriving open source community, InfluxData is well-positioned to capitalize on the growing demand for time series data analytics in various industries.

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