InfluxData Secures $16M Series B Financing Led by Battery Ventures Amid New Push to Measure IoT and Real-Time Metrics Data

InfluxData, a company behind an open-source time-series data platform called InfluxDB, has secured $16 million in Series B financing led by Battery Ventures, with existing investors Mayfield, Trinity Ventures, and Bloomberg Beta also participating. The funding comes as the company releases its 1.0 version of InfluxDB and makes its commercial clustering product generally available. InfluxData's data platform is designed to manage time-series data, which is used in various applications such as IoT, real-time analytics, and custom monitoring, and has already gained traction with companies like Cisco, eBay, and Telefonica. The company plans to use the funds to expand its sales and marketing efforts and develop new products to better serve its community members and enterprise customers. With time-series data emerging as a distinct data-management category, InfluxData is poised to capitalize on the growing demand for its platform.

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