Imply Data, founded by the original creators of Apache Druid, announced its $100 million Series D financing, which values the company at $1.1 billion. This investment round was led by Thoma Bravo with participation from OMERS Growth Equity, both new investors. Existing investors Bessemer Venture Funds, Andreessen Horowitz, and Khosla Ventures also participated in the financing. This round brings Imply’s total funding raised to date to $215 million as the company accelerates to meet the growing need for modern analytics applications.
According to the company, demand for Imply is being driven by an industry evolution in analytics led by software developers. For decades, the company says, analytics has been confined to static executive dashboards and reports powered by batch-oriented data warehouses. Increasingly, leading companies are turning to their developers to build analytics applications that deliver interactive data experiences from streaming data and deliver real-time insights to both internal and external users. And developers at thousands of companies have turned to Apache Druid, the leading real-time analytics database.
The company says this new round of funding will enable Imply to accelerate its mission to help developers become the new heroes of analytics. “In its early days, Druid was adopted for a set of use cases in a handful of industries. Today, developers have shown its applicability across all industries—and the use cases have expanded exponentially,” stated Fangjin “FJ” Yang, CEO and co-founder of Imply, and co-creator of Apache Druid. “It’s humbling to see how Apache Druid and Imply have been so instrumental in helping our customers create competitive advantages.”
For more information, go to https://imply.io.