InfluxData Funding, Investors & Competitors

InfluxData has raised $171M across 6 funding rounds, most recently a $51M Series E in February 2023.

Last InfluxData funding round

$51M

Series E · Feb 2023

Cumulative funding InfluxData raised

$171M

across 6 funding rounds

Key investors in InfluxData

  • Mayfield Fund
  • Trinity Ventures
  • Battery Ventures
  • Sapphire Ventures
  • Harmony Partners
  • Norwest
  • Bloomberg Beta
  • Sorenson Capital

InfluxData Overview

About InfluxData

InfluxData is the developer of InfluxDB, an open-source time series database. The San Francisco-headquartered company supports high-volume data from IoT devices, applications, networks, containers, and computers. Clients including Cisco, IBM, PayPal, and Tesla use its platform for real-time monitoring, analytics, and IoT applications.


Founded

2012

HQ

United StatesSan Francisco, CA

Status

Privately held

Customer focus

B2B

Revenue model

Subscription

InfluxData Funding History

InfluxData has raised a total of $171M across 6 funding rounds.

InfluxData's first fundraising round was a $800K seed round in June 2013. The most recent completed round was a $51M Series E in February 2023.

InfluxData funding rounds

InfluxData funding rounds
DateStageInvestorsRaisedDeal Summary
Feb 2023Series ECiti Ventures (lead); Princeville Capital (lead); Battery Ventures; Norwest; Sorenson Capital; Sapphire Ventures; Harmony Partners; Trinity Ventures; Mayfield Fund$51MInfluxData, a San Francisco-based creator of the open-source InfluxDB time series database platform, closed a $51 million Series E equity round on February 8, 2023, led by new investors Princeville Capital and Citi Ventures, with participation from existing backers including Battery Ventures, Mayfield Fund, Sapphire Ventures, Trinity Ventures, Norwest Venture Partners, Sorenson Capital, and Harmony Partners. The round, combined with a $30 million debt facility from Silicon Valley Bank, brought total new capital to $81 million and cumulative equity funding to $171 million. The funding supports accelerated development of InfluxData's new database engine based on the open-source InfluxDB IOx project, reimagining InfluxDB as a real-time columnar datastore capable of ingesting billions of data points with unbounded cardinality to handle metrics, events, traces, and high-cardinality time series workloads. This positions InfluxData to expand real-time analytics use cases across industries like financial services, IoT, monitoring, and analytics, serving approximately 1,900 corporate customers including Tesla, Cisco, IBM, Nest, Bethesda, and Vodafone. CEO Evan Kaplan emphasized the round enables profitable growth amid shifting market conditions, providing a cash cushion after no new equity raises since 2019, with conservative headcount increases and investment in competitive advantages like cloud tiers and enterprise on-premises products. The time series database market is high-growth and foundational for real-time data analytics, with competitors like SingleStore and Imply also raising significant funds.
Feb 2019Series DNorwest (lead); Battery Ventures; Sorenson Capital; Sapphire Ventures; Harmony Partners; Trinity Ventures; Mayfield Fund$60MInfluxData is the creator of InfluxDB, a leading time series database designed for handling massive volumes of time-ordered data. The platform serves use cases including DevOps observability, IoT analytics, industrial monitoring, and network monitoring, with enterprise customers such as Cisco, eBay, IBM, Siemens, Tesla, SAP, Visa, Lego, Electronic Arts, and McLaren Automotive. The company offers an open-source core database along with complementary tools: Telegraf for data ingestion, Chronograf for visualization, and Kapacitor for automated workflows. Commercial offerings include both on-premise and cloud-based versions. In February 2019, InfluxData closed a $60 million Series D funding round led by Norwest Venture Partners, with participation from Sorenson Capital and existing investors Sapphire Ventures, Battery Ventures, Mayfield Fund, Trinity Ventures, and Harmony Partners. This round doubled the company's total capital raised to $120 million. Rama Sekhar, a partner at Norwest, joined the company's board of directors, and the former MongoDB CEO also joined the board. The capital was earmarked for product innovation with increased focus on cloud offerings, expanding sales and marketing programs, and enhanced customer support. InfluxData targeted vertical expansion into industrial IoT, network monitoring, e-commerce, gaming, and financial services. By the end of 2019, the company had surpassed 700 paying customers, up from 450 at the time of the funding announcement. New customers added during 2019 included Visa, Lego, Electronic Arts, McLaren Automotive, Airbus Helicopters, and NASA. The company operates as a cloud-first business and distributes its core database under an open-source license, generating revenue through commercial enterprise editions. InfluxDB can perform upwards of millions of data operations per second and deploys rapidly, providing enterprises with real-time observability and performance analytics capabilities. The time series database market was experiencing significant growth and rising competition at the time of this funding round.
Feb 2018Series CSapphire Ventures (lead); Battery Ventures; Mango Capital; Harmony Partners; Trinity Ventures; Mayfield Fund$35MInfluxData, creator of the open source InfluxDB time series database platform, raised $35 million in a Series C funding round on February 13, 2018, led by Sapphire Ventures with participation from new investor Harmony Partners and existing investors Battery Ventures, Mayfield Fund, and Trinity Ventures. This brought the company's total funding to $60 million. The platform enables developers to build monitoring, analytics, and IoT applications using metrics, events, and time series data from devices, sensors, or human input. The funding was intended to expand sales, marketing, research and development, accelerate international growth, and further develop the platform amid rising demand. At the time, InfluxData reported over 115,000 active sites running the platform and more than 400 paying customers, including Cisco Systems, Coupa Software, IBM, Nordstrom, Tesla, and SAP. CEO Evan Kaplan highlighted accelerating demand for purpose-built time series solutions in IoT, monitoring, and analytics. Sapphire Ventures partner Anders Ranum joined the board. Prior rounds included a 2013 investment from Bloomberg Beta, a $9.1 million round in 2014, and a $16 million Series B in 2016 led by Battery Ventures with support from Bloomberg Beta, Mayfield, and Trinity Ventures. The company continued raising capital post-Series C, securing a $60 million Series D in 2019 led by Norwest Venture Partners.
Sep 2016Series BBattery Ventures (lead); Bloomberg Beta; Trinity Ventures; Mayfield Fund$16MInfluxData raised $16 million in a Series B funding round on September 21, 2016, led by Battery Ventures with participation from Mayfield, Trinity Ventures, and Bloomberg Beta. The funding supported expansion efforts focused on marketing and customer acquisition. Dharmesh Thakker from Battery Ventures joined the company's board. InfluxData develops InfluxDB, an open-source time-series database platform designed to manage and organize IoT and real-time metrics data. The platform addresses challenges with traditional SQL databases handling continuous real-time queries by providing reliable technology for custom monitoring tools. At the time, InfluxDB powered solutions at companies including Nordstrom, eBay, SolarCity, and Mozilla for DevOps performance metrics. The round coincided with the release of InfluxDB 1.0 and the general availability of InfluxEnterprise, a commercial clustering product for distributed environments that reduces deployment and scaling time. InfluxData also offered InfluxCloud services. The company aimed to monetize its open-source community through enterprise products amid growing demand from IoT and DevOps.
Dec 2014Series ATrinity Ventures; Mayfield Fund$8MInfluxData secured $9.1 million in a Series A round on November 21, 2014, from unnamed investors, consistent with the approximate August 2014 timeframe and prior investments by Mayfield Fund and Trinity Ventures in later rounds. The company, founded in 2012, develops an open-source platform for analyzing time series data from IoT devices and applications, including metrics and events. Mayfield Fund and Trinity Ventures participated as existing investors in subsequent rounds, such as the $16 million Series B in 2016 led by Battery Ventures and the $35 million Series C in early 2018 led by Sapphire Ventures.
Jun 2013SeedY Combinator; Bloomberg Beta; Silicon Badia$800K-

Who has invested in InfluxData?

13 investors have backed InfluxData across its funding rounds, including Mayfield Fund, Trinity Ventures, Battery Ventures, Sapphire Ventures, Harmony Partners and Norwest.

Lead investors include Citi Ventures, Princeville Capital, Norwest, Sapphire Ventures and Battery Ventures.


InfluxData Investors

Investors in InfluxData by funding rounds participated
InvestorHQRoundsRoleFirst check
Trinity VenturesUnited StatesSan Francisco, CA5ParticipantDec 2014
Mayfield FundUnited StatesUnited States5ParticipantDec 2014
Battery VenturesUnited StatesBoston, MA4LeadSep 2016
Sapphire VenturesUnited StatesAustin, TX3LeadFeb 2018
Harmony PartnersUnited StatesNew York City, NY3ParticipantFeb 2018
Bloomberg BetaUnited StatesSan Francisco, CA2ParticipantJun 2013
NorwestUnited StatesSan Francisco, CA2LeadFeb 2019
Sorenson CapitalUnited StatesSalt Lake City, UT2ParticipantFeb 2019
Y CombinatorUnited StatesSan Francisco, CA1ParticipantJun 2013
Princeville CapitalUnited StatesSan Francisco, CA1LeadFeb 2023
Silicon BadiaUnited StatesNew York City, NY1ParticipantJun 2013

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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples

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InfluxData Competitors

InfluxData competitors include listed companies like Datadog and Dynatrace, and private ones like ClickHouse, Dataiku, Starburst and PingCAP.

Public and private companies comparable to InfluxData
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
DatadogUnited StatesUnited StatesPublicly listed$3.4B($588K)$85B19.4x
DynatraceUnited StatesUnited StatesPublicly listed$2B$276M$16B7.0x
ClickHouseUnited StatesSan Francisco, CAPrivate$160M-$15B93.8x
DataikuUnited StatesNew York City, NYPrivate$150M-$3.7B24.7x
StarburstUnited StatesBoston, MAPrivate$100M-$3.4B-
PingCAPUnited StatesSan Francisco, CAPrivate--$3B-

InfluxData Public Comps

InfluxData is still privately-owned, but its public comps include Oracle, Palantir, ServiceNow, Snowflake, Johnson Controls, Datadog, RELX, Strategy, MongoDB and BOE.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Oracle$67B$33B8.6x7.8x17.7x13.9x
Palantir$4.5B$1.5B92.6x58.1x285.0x97.4x
ServiceNow$13B$2.6B11.1x9.6x57.2x25.0x
Snowflake$4.7B($1.3B)25.6x21.0x(94.1x)121.7x
Johnson Controls$24B$3B4.0x3.7x31.0x20.0x
Datadog$3.4B($588K)23.6x19.4x(137813.0x)77.6x
RELX$13B$4.9B5.5x5.3x14.4x13.2x
Strategy$477M($5.4B)149.4x144.4x(13.1x)(12.3x)

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Common questions about InfluxData

When was InfluxData founded?InfluxData was founded in 2012.
Where is InfluxData headquartered?InfluxData is headquartered in San Francisco, CA, United States.
Is InfluxData publicly listed?No, InfluxData is a private, VC-backed company.
How much funding has InfluxData raised?InfluxData has raised $171M across 6 funding rounds.
What was InfluxData's last funding round?InfluxData's last funding round was a $51M Series E in February 2023, led by Citi Ventures and Princeville Capital.
Who are InfluxData's investors?InfluxData's investors include Trinity Ventures, Mayfield Fund, Battery Ventures, Sapphire Ventures, Harmony Partners, Bloomberg Beta, Norwest, Sorenson Capital, Y Combinator, Princeville Capital and 3 others.
Which companies are comparable to InfluxData?Companies comparable to InfluxData include Datadog, Dynatrace, ClickHouse, Dataiku, Starburst and PingCAP.

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