Data Analytics platform Imply Data raises $100 million in its Series D funding
- ByStartupStory | May 19, 2022
Real-time data analytics startup Imply Data has raised $100 million up in a Series D round of funding that carries the firm’s total financing to $215 million, the company said Tuesday. Imply, whose platform is focused on analytical application developers, said in an explanation that the extra financing will help it in speeding up its mission to assist developers to turn into the new legends of analytics.
The investment round was driven by Thoma Bravo with interest from OMERS growth equity, both as the new investors. Prior investors like Bessemer Venture Funds, Andreessen Horowitz, and Khosla Ventures additionally took part in the funding round. Imply, situated in Burlingame, Calif, brought $70 million up in a Series C funding round in June 2021.
Imply was established in 2015 by the developers of Apache Druid, an open-source analytical database that provides the underlying technology for Imply’s flagship Imply Enterprise data set. The organization positions its software as a choice for batch-oriented data warehouse systems and the static dashboards and reports they generate.
Fangjin Yang, the co-founder and CEO of the company said that in its initial days, Druid was embraced for a set of cases in a handful of enterprises. Today, developers have shown its applicability across all industries – and the utilization cases have extended exponentially. On the other hand, Robert (Tre) Sayle, the partner at Thoma Bravo said that the company is excited to lead Imply’s Series D. Since FJ along with his team is on a cusp of evolution leading an entirely new world of use cases and analytics.
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