Imply Data, Inc., the company founded by the original creators of Apache Druid, today 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.
Demand for Imply is driven by an industry evolution in analytics led by software developers. For decades, analytics have 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 1,000s of companies have turned to Apache Druid, the leading real-time analytics database.
This new round of funding will enable Imply to accelerate its mission to help developers become the new heroes of analytics.
This funding round is the latest milestone solidifying Imply’s position as the industry leader in this emerging category. It follows the recent product and open source innovation announced in March—specifically, the launch of Imply Polaris, the fully-managed DBaaS built from Apache Druid and the introduction of a new multi-stage query engine that makes Druid the only database to support advanced reports and complex alerts alongside interactive, real-time analytics.
As a leading contributor to Apache Druid, Imply delivers the complete developer experience for Druid as a fully-managed DBaaS (Imply Polaris), hybrid-managed software offering (Imply Enterprise Hybrid) and self-managed software offering (Imply Enterprise). The company builds on the speed and scalability of Apache Druid with committer-driven expertise, effortless operations and flexible deployment to meet developers’ application requirements with ease. Organizations trust Imply’s technology to play a key role in their internally-facing and customer-facing solutions and services.
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This entry was posted on May 17, 2022 at 1:14 pm and is filed under Commentary with tags Imply. You can follow any responses to this entry through the RSS 2.0 feed.
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Imply Announces $100M Investment Led By Thoma Bravo
Imply Data, Inc., the company founded by the original creators of Apache Druid, today 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.
Demand for Imply is driven by an industry evolution in analytics led by software developers. For decades, analytics have 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 1,000s of companies have turned to Apache Druid, the leading real-time analytics database.
This new round of funding will enable Imply to accelerate its mission to help developers become the new heroes of analytics.
This funding round is the latest milestone solidifying Imply’s position as the industry leader in this emerging category. It follows the recent product and open source innovation announced in March—specifically, the launch of Imply Polaris, the fully-managed DBaaS built from Apache Druid and the introduction of a new multi-stage query engine that makes Druid the only database to support advanced reports and complex alerts alongside interactive, real-time analytics.
As a leading contributor to Apache Druid, Imply delivers the complete developer experience for Druid as a fully-managed DBaaS (Imply Polaris), hybrid-managed software offering (Imply Enterprise Hybrid) and self-managed software offering (Imply Enterprise). The company builds on the speed and scalability of Apache Druid with committer-driven expertise, effortless operations and flexible deployment to meet developers’ application requirements with ease. Organizations trust Imply’s technology to play a key role in their internally-facing and customer-facing solutions and services.
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This entry was posted on May 17, 2022 at 1:14 pm and is filed under Commentary with tags Imply. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.