Andreessen Horowitz-backed firm plans to aggressively expand as demand for Apache Druid (incubating) - based solution grows
BURLINGAME, Calif.--(BUSINESS WIRE)--Imply, the real-time analytics company, announced today that it has raised $30 million in funding led by Andreessen Horowitz’s Late Stage Venture Fund with participation from Geodesic Capital and Khosla Ventures. The primary equity financing brings the company’s total funding to $45.3 million. The round was opportunistic as the company had spent less than 10% of its Series A round while growing ARR 8-fold over the 24 months preceding the funding. The financing will be used to accelerate product development and the company’s go-to-market expansion.
Imply was founded in late 2015 by the original authors of Apache Druid (incubating), a popular open source database that delivers sub-second query and high-speed ingest on enormous datasets where instant insight is critical, such as risk and fraud data, supply chain events, user behavior data, Internet of Things (IoT) device interactions, and much more. Imply delivers a complete solution with Druid as its engine, adding an intuitive and responsive analytics UI , cloud-native deployment and management, performance monitoring, and enterprise-grade security.
“We are bringing innovative data analytics capabilities to market,” said Fangjin Yang, CEO and co-founder of Imply. “True real-time analytics unlock many use cases that legacy systems such as data warehouses are not designed to support. Imply allows everyone in an organization, no matter their technical skills, to instantly see what is going on in their business, understand why any pattern is occurring with only a few clicks, and make live decisions in the moment. Imply helps startups and enterprises alike to significantly reduce time to insight.”
Use of Druid, Imply’s open core engine, is growing worldwide. Numerous cutting edge companies such as Netflix, Lyft, Pinterest, and AirBnb all use Druid to power a variety of use cases.
“Imply’s growth has been amazing to witness. The product has been adopted by some of the world’s largest companies for business-critical use cases, and it is undeniably the leader in real-time analytics,” said David George, general partner at Andreessen Horowitz.
Imply runs on public or private clouds, as a self-hosted or managed service. It natively integrates streaming message buses such as Apache Kafka and Amazon Kinesis, as well as popular file systems like HDFS (Hadoop), Amazon S3, and Google Cloud Storage.
Imply offers a free trial of its software and its Imply Cloud service.
Imply transforms how businesses run by integrating real-time analytics into their operations. Founded by the authors of the Apache Druid (incubating) database, Imply provides a cloud-native solution that delivers real-time ingestion, interactive ad-hoc queries, and intuitive visualizations for many types of event-driven and streaming data flows. Imply has operations in North America, Europe, and Asia Pacific and is backed by Andreesen Horowitz, Khosla Ventures, and Geodesic Capital. For more information visit, please visit imply.io.
Please call Michael Diamond at (408) 594-9350.