InfluxData scores $35 million Series C to expand time series database business
Summary
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.While developers can build a time series application using Influx’s tools, if it requires enterprise scale, security and availability; they will need to buy the commercial version of the product.While the commercial product has been available for just 18 months, the company has been able to attract a who’s who of enterprise brands as customers including IBM, SAP, Cisco, PayPal, Tesla and Siemens.Sapphire partner Anders Ranum says his firm saw an emerging market opportunity and made the investment to take advantage of it.“Development teams are facing steep barriers in capturing and analyzing all the data available to them in making smart decisions for their business given new capabilities in machine learning, internet of things and artificial intelligence,” Ranum said in a statement.
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