InfluxDB is an open-source time series database platform, developed by InfluxData, which has been improving its features with 88 new features and 133 bug fixes in the latest update. The company aims to monetize its software through cloud offerings, support services, and eventually, closed-source tools for production tasks like administration and monitoring. InfluxDB's clustering functionality will be available as part of a paid Enterprise offering, while the open-source version will focus on providing the best experience and performance as a standalone server. The company plans to release future versions with enhanced query engine and storage capabilities, but clustering will no longer be included in the free open-source software. Instead, users can achieve high availability using pure open-source and subscription options through the InfluxDB Relay project.