Imply Closes $70 Million Series C at $700M Valuation to Extend Leadership as Foundational Platform for Analytics-in-Motion
Significant customer momentum underscores movement away from expensive, slow and static analytics solutions towards highly-scalable, cost-effective, and interactive analytics solutions
Burlingame, CA — June 16, 2021 — Imply, the pioneer of Analytics-in-Motion, and founded by the original creators of Apache Druid, today announced the closing of a $70 million Series C led by Bessemer Venture Partners with participation from Tiger Global Management, bringing total funding to over $116 million. Existing investors A16Z, Khosla Ventures and Geodesic Capital also participated in this round. This additional funding follows a banner year for Imply, growing market adoption of both Imply and open source Apache Druid. Imply has now surpassed 100 enterprise and digital-native customers, using Imply as the engine for analytics-powered applications that they build, and/or as a complete solution to directly solve internal BI and operational analytics use cases. The additional funding will extend Imply’s market leadership in the rapidly growing area of Analytics-in-Motion.
“The world of analytics is being upended, as it is now a competitive disadvantage to wait hours or days to iterate on insights, to make decisions based on stale data, or to leverage solutions that either crumble or cost a fortune at scale,” said Elliott Robinson, Partner at Bessemer Venture Partners. “Every day, more and more established enterprises and digital natives realize the power of Analytics-in-Motion, and Imply is far ahead in this race to redefine analytics across the enterprise, with numerous marquee customers and demonstrated customer success worldwide.”
