SiliconAngle | Amid rising competition, time-series database startup InfluxData raises $60M round

InfluxData, a time-series database startup, has raised $60 million in funding led by Norwest Venture Partners, doubling its total capital to $120 million. This significant investment represents a vote of confidence in the company amidst rising competition in the database market. InfluxData plans to use the new funding to expand into the cloud market and strengthen its sales and marketing efforts to target niche industries.