Monday, March 25, 2019
Technology News
Technology News Delivered Daily
Home / Business  / Database Startup InfluxData Gains $60 Million in Series D Funding

Database Startup InfluxData Gains $60 Million in Series D Funding

Database Startup InfluxData Gains $60 Million in Series D Funding
Credit: influxdata.com

InfluxData, creator of the time series database InfluxDB, raised $60 million in a Series D funding round led by Norwest Venture Partners. Sorenson Capital and existing investors Sapphire Ventures, Battery Ventures, Mayfield Fund, Trinity Ventures, and Harmony Partners also participated in the round.

The proliferation of data continues to grow, prompted mainly by the instrumentation of the virtual (e.g., Kubernetes, microservices) and physical (e.g., IoT sensors) worlds. According to the company, InfluxDB is the leading time series database – which has been the fastest growing database category over the last two years, according to DB-Engines, the industry ranking authority. InfluxData doubled revenue, new customer logos, and employees in 2018 and is positioned to accelerate momentum through 2019.