TechCrunch | InfluxData closes $16 million Series B led by Battery Ventures to organize IOT data

InfluxData has raised $16 million in Series B funding led by Battery Ventures to develop its InfluxDB time series database, which helps organize IoT data. The company's goal is to make it easier for businesses to collect, manage and analyze large amounts of data from various sources. With this funding, InfluxData plans to expand its product offerings and improve the scalability and performance of its platform. The investment from Battery Ventures will help InfluxData accelerate its growth and further develop its technology to meet the increasing demand for IoT data management solutions.