In February 2018, ten hot startups raised VC funding, including InfluxData which secured a Series C round of $35 million led by Sapphire Ventures. The open-source platform enables the development of monitoring, analytics and IoT applications for analyzing time series data such as metrics and events. This funding round was also participated in by other prominent venture capital firms like Harmony Partners, Battery Ventures, Mayfield Fund, and Trinity Ventures.