Company
Date Published
Author
Evan Kaplan
Word count
1083
Language
English
Hacker News points
None

Summary

InfluxData has secured $35m in additional funding, bringing its total capital raised to over $100m. This investment, led by Sapphire Ventures, will be used to further develop the company's modern time series platform. The platform was initially developed with a focus on making developers happy and reducing the "time to awesome" for building and scaling time-series applications. Since its inception, InfluxData has become the fastest growing category in the database market, driven by the increasing adoption of IoT sensors, containerization, and serverless architectures. The company's platform is designed to handle real-time monitoring and control workloads at speed, with a focus on empowering developers to rapidly build scaled systems. With this funding, InfluxData plans to expand its sales marketing efforts, open an EMEA office, and more than double its development team in 2018.