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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 - Name - Implies
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 the underlying open source tool kit in 2014. It was immediately popular on Github, says CEO Evan Kaplan. Today there are 120,000 sites running Influx in open source and 400 enterprise customers using the platform.
While developers can build a time series application using Influx’s tools, if it requires enterprise scale, security and availability;...
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