InfluxData closes $16 million Series B led by Battery Ventures to organize IOT data
Summary
Imagine for a moment that you’re riding in one of John Zimmer’s proposed autonomous sleeper cars and you’re fast asleep on a road trip across the state. All of the sensors on the vehicle are collecting data so that standard components like the engine and steering systems don’t kill you. “What’s special about InfluxDB is that it’s easy to consume,” said Dharmesh Thakker, a partner at Battery Ventures who will be joining the InfluxData board. “It shouldn’t take days and months to set up or people lose interest.” Notably, InfluxDB is an open source technology. This means it hasn’t directly supported revenue growth, but it has helped to build out a developer community in a relatively short period of time.
Funding
Amount
$16.0M
Total raised
Date
September 21, 2016
Announcement date
Investors
Mayfield, Trinity Ventures, Battery Ventures, Bloomberg Beta
Lead investors
Company
http://www.influxdata.com
Funded company
Classifications
industries
No industries detected
applications
Networking and Cloud
AskAI Classifications
Labels
Database Software
Time Series Database
SaaS
Linked Companies
InfluxData
$10M to $25M