Total amount raised
$215.3 Millions
Latest funding date
05/01/2022
Location
Imply has successfully raised funds through several rounds, with the most recent being a Series D round closed on May 17, 2022. The company is backed by notable investors such as A16Z, Bessemer Venture Partners, Tiger Global Management, Khosla Ventures, Geodesic Capital, OMERS Growth Equity, and Thoma Bravo.
Keep reading to explore the intricacies of Imply's fundraising journey and the investors backing this innovative platform.
What Is Imply?
Imply, founded in 2015, is a multi-cloud data platform based in Burlingame, California. The company specializes in real-time ingestion and visualizations for event-driven and streaming data flows.
Imply was established by Fangjin Yang, Gian Merlino, and Vadim Ogievetsky, who are also the original creators of Apache Druid. The platform offers products like Imply Polaris, Imply Enterprise, and Imply Pivot, designed for real-time analytics and visualizations.
Currently, Imply employs between 251 and 500 people, providing a robust solution for real-time data analytics. The company continues to innovate in the field of real-time analytics, helping businesses make data-driven decisions efficiently.
How Much Funding Has Imply Raised?
- Seed Round
- Amount Raised: $2M
- Date: October 2015
- Lead Investors: Khosla Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To establish the company and develop the initial version of their real-time analytics platform.
- Series A
- Amount Raised: $13.3M
- Date: March 2018
- Lead Investors: Andreessen Horowitz
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the team and accelerate product development.
- Series B
- Amount Raised: $30M
- Date: December 2019
- Lead Investors: Andreessen Horowitz
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance the platform's capabilities.
- Series C
- Amount Raised: $70M
- Date: June 2021
- Lead Investors: Bessemer Venture Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further expand market reach and invest in new product features.
- Series D
- Amount Raised: $100M
- Date: May 2022
- Lead Investors: Thoma Bravo
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate growth, hire more staff, and prepare for a potential IPO.
Total Amount Raised: $215.3M
Current Valuation: Not publicly disclosed
Key Investors
- Thoma Bravo
- Details: Thoma Bravo is a leading private equity firm focused on the software and technology-enabled services sectors. They have a history of investing in and growing successful companies in these industries.
- Investment Focus Areas: Software, technology-enabled services.
- Notable Investments: Not publicly disclosed.
- Bessemer Venture Partners
- Details: Bessemer Venture Partners is a venture capital firm that invests in enterprise, consumer, and healthcare startups. They have a long track record of supporting innovative companies from early stages to growth.
- Investment Focus Areas: Enterprise, consumer, healthcare.
- Notable Investments: Not publicly disclosed.
- Andreessen Horowitz (A16Z)
- Details: Andreessen Horowitz is a private venture capital firm that invests in both early-stage startups and established growth companies. They are known for their extensive network and support for portfolio companies.
- Investment Focus Areas: Early-stage startups, established growth companies.
- Notable Investments: Not publicly disclosed.
- Khosla Ventures
- Details: Khosla Ventures is a venture capital firm that focuses on impactful technology investments. They invest in a wide range of sectors including clean technology, information technology, and healthcare.
- Investment Focus Areas: Clean technology, information technology, healthcare.
- Notable Investments: Not publicly disclosed.
- OMERS Growth Equity
- Details: OMERS Growth Equity is part of OMERS, one of Canada's largest defined benefit pension plans. They focus on investing in high-growth companies across various sectors.
- Investment Focus Areas: High-growth companies across various sectors.
- Notable Investments: Not publicly disclosed.
What's Next for Imply?
The future for Imply looks promising as they continue to expand their real-time analytics database technology platform. With the development of the multi-stage query engine for Apache Druid and the enhancement of their Polaris DBaaS offering, the company is poised to capture a significant share of the growing market for real-time data processing and analytics.
Future fundraising opportunities are likely, with an IPO being a strong possibility as Imply scales its operations and broadens its customer base. However, challenges such as scaling the organization, competing with established providers, and continuous innovation will need to be navigated carefully to maintain their growth trajectory.
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