storied Silicon Valley firm
The low burn rate was especially key, according to Casado and Imply cofounder and CEO Fangjin Yang. The company had only burned through 10% of its Series A funding over the last 18 months, Yang said. It did this in part by keeping headcount low, and partly by keeping its headquarters in Burlingame, a less-trendy suburb of San Francisco where office space isn't quite so hard to come by.
The team built what would ultimately become Apache Druid, a popular open source database. This approach would find itself especially useful in fields like finance or e-commerce logistics, where tons of data is flowing around at all times. "At Imply, I like to say we are building a car around the engine. The project was the engine, and Imply is the car," Yang said.Although Yang and his cofounders are themselves technical, the product itself is designed for users with little to no technical experience. Making that information more accessible is part of the reason Imply has been able to expand beyond Silicon Valley startups as customers — growth that will likely continue with the fresh influx of cash.
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Source: BusinessInsider - 🏆 729. / 51 Read more »
Source: BusinessInsider - 🏆 729. / 51 Read more »