SiliconAngle | Amid rising competition, time-series database startup InfluxData raises $60M round
Publication: SiliconAngle Title: Amid rising competition, time-series database startup InfluxData raises $60M round Author: Maria Deutscher
Abstract: In this SiliconAngle article, Maria Deutscher covers the news that InfluxData secured a $60 million funding round led by Norwest Venture Partners. She notes that the investment doubles InfluxData’s total capital raised to $120 million and that this represents a significant vote of confidence in the company amidst rising competition in the database market. The author mentions that InfluxData will use the new funding to double down on the cloud market and that it plans to expand its sales and marketing operations to further target niche industries.