InfluxData Secures $60 Million in Series D Funding to Bring the Value of Time Series to the Enterprise Mainstream

InfluxData, the creator of the leading time series database InfluxDB, has raised $60 million in Series D funding led by Norwest Venture Partners and joined by Sorenson Capital and existing investors. The company is experiencing strong growth and market potential, driven by the increasing need for analysis of time series data in various industries such as IoT, DevOps, and analytics. With the new funding, InfluxData plans to invest in product innovation, expand its sales and marketing programs, and target specific industries like e-commerce, gaming, and financial services. The company's CEO Evan Kaplan believes that the influx of funds will enhance their ability to deliver versatile solutions to companies looking to harvest insights from time series data.

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