How Much Did Imply Raise? Funding & Key Investors

Imply has successfully raised funds over five rounds, with the latest being a Series D. The company is backed by notable investors, including OMERS Growth Equity and Thoma Bravo.

Keep reading to explore the intricacies of Imply's fundraising journey and the investors supporting this innovative data platform.

What Is Imply?

Imply is a multi-cloud data platform that specializes in real-time ingestion and visualizations for event-driven and streaming data flows. The company operates in industries such as analytics, big data, data visualization, enterprise software, and information technology. Based in Burlingame, California, Imply has a workforce of 251-500 employees.

Founded by the original creators of Apache Druid, Imply offers products like Imply Lumi and Imply Polaris, which enhance observability, security, and AI capabilities. The company's cloud-native infrastructure is trusted by leading enterprises worldwide, emphasizing seamless integration and best-in-class efficiency.

How Much Funding Has Imply Raised?

1. Seed Round
   • Amount Raised: USD 2,000,000
   • Date: October 2015
   • Lead Investors: Khosla Ventures
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To develop the initial product and validate the market need for real-time data analytics.
2. Series A
   • Amount Raised: USD 13,300,000
   • Date: March 2018
   • Lead Investors: Andreessen Horowitz
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To scale the team and enhance the product's capabilities to meet growing customer demands.
3. Series B
   • Amount Raised: USD 30,000,000
   • Date: December 2019
   • Lead Investors: Andreessen Horowitz
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To expand market reach and accelerate product development.
4. Series C
   • Amount Raised: USD 70,000,000
   • Date: June 2021
   • Lead Investors: Bessemer Venture Partners
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To further develop the technology and prepare for larger-scale deployments.
5. Series D
   • Amount Raised: USD 100,000,000
   • Date: May 2022
   • Lead Investors: Thoma Bravo
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To accelerate growth, enhance product offerings, and expand the team, with an eye on a potential IPO.

Total Amount Raised: USD 215,300,000. Current Valuation: Not publicly disclosed.

Key Investors

• Thoma Bravo
  • Details: Thoma Bravo is a leading private equity firm with a focus on software and technology-enabled services sectors. They have a history of acquiring and growing software companies.
  • Investment Focus Areas: Software, technology-enabled services.
  • Notable Investments: SolarWinds, McAfee, Barracuda Networks.
• Bessemer Venture Partners
  • Details: Bessemer Venture Partners is a venture capital firm that invests in early-stage, hyper-growth startups. They have a diverse portfolio across various sectors.
  • Investment Focus Areas: Early-stage startups, hyper-growth companies.
  • Notable Investments: LinkedIn, Shopify, Pinterest.
• Andreessen Horowitz
  • Details: Andreessen Horowitz is a venture capital firm that backs bold entrepreneurs building the future through technology. They are known for their significant investments in transformative tech companies.
  • Investment Focus Areas: Technology, software, consumer, enterprise sectors.
  • Notable Investments: Facebook, Airbnb, Slack.
• Khosla Ventures
  • Details: Khosla Ventures is a venture capital firm focused on impactful technology investments. They support companies that aim to make a significant difference in the world.
  • Investment Focus Areas: Technology, impactful innovations.
  • Notable Investments: Square, DoorDash, Impossible Foods.

What's Next for Imply?

Imply stands at the cusp of significant growth, driven by the increasing demand for real-time analytics and database-as-a-service solutions. With a recent $100 million Series D funding round, the company is well-positioned to expand its real-time analytics database technology and develop new innovations like the multi-stage query engine for Apache Druid. This financial backing underscores the vast market opportunity ahead.

Future fundraising opportunities appear promising, with an IPO on the horizon as a likely next step. This move would not only provide additional capital but also enhance market visibility. However, Imply will need to navigate challenges such as scaling operations to meet growing customer demand and transitioning from a developer-focused organization to a more business-oriented company.

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