InfluxData Raises $60 Million Funding to Further Develop its Time Series Database

InfluxData, creator of the InfluxDB time series database, has raised $60 million in Series D funding, led by Norwest Venture Partners and joined by Sorenson Capital and existing investors Sapphire Ventures, Battery Ventures, Mayfield Fund, Trinity Ventures and Harmony Partners. The funds will support further investment in product innovation, with increased focus on the cloud, and building out sales and marketing to meet growing product demand, as well as customer support. InfluxData will also begin to market its solutions for specific uses, including financial services.