The company, InfluxData, has raised $16M in new funding led by Battery Ventures, following the successful release of its 1.0 version of the TICK stack and InfluxDB Enterprise product. The additional capital will be used to continue developing and expanding the platform, as well as to expand its reach and develop relevant open source applications. The round was led by Dharmesh Thakker, an experienced open source investor who saw the potential for high growth in the time-series data category due to IoT and Dev-Ops tooling demand. InfluxData is pleased to have earned Dharmesh's confidence and has a new board member, while also thanking its existing investors for their participation and insight. The company plans to use the funding to further define the rapidly expanding time-series data market and build a successful business that its employees, customers, community, and investors can be proud of.