The startup's open-source database services are used by the likes of Tesla, Cisco, and IBM.A startup that provides time series data analytics for the likes of Tesla, Cisco, and IBM has raised $81 million in a mix of debt and equity.
The market for time series data has grown significantly in recent years as the world becomes more instrumented and companies look to migrate their data collection into purpose-built databases, InfluxData CEO Evan Kaplan told Insider. The company's main product, InfluxDB is used by around 1,900 corporate customers including Nest, Bethesda, and Vodafone. Sensors collect data which is stored in varying measurements from nanoseconds through to minutes at a time, which is then can then be analyzed and summarized at high speeds.