InfluxData scores $35 million Series C to expand time series database business
In a world where sensors are capturing ever-increasing amounts of data, being able to collect that high volume and measure it over time becomes increasingly important. InfluxData, the startup built on top of the open source time series database platform, announced it has received a $35 million Series C investment today led by Sapphire Ventures, the investment arm of enterprise software giant, SAP.
Existing investors Battery Ventures, Mayfield Fund and Trinity Ventures and new investor Harmony Partners also participated. Today’s investment brings the total raised to almost $60 million.Time series databases, as the name implies, allows companies to capture and measure data rapidly and see how it trends over time. Company CTO Paul Dix saw the need for time series tools and began building th...
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