Imply Raises $100 Million at $1.1 Billion Valuation

Imply is a provider of multi-cloud data analytics platform based on Apache Druid. The platform is designed to deliver visualization and real-time ingestion for event-driven and streaming data flows. Imply focuses on analytics in motion that helps organizations to move away from difficult to scale, static, expensive, and delayed solutions.

The funding round Series D was led by Thoma Bravo. Other participants include OMERS Growth Equity, Bessemer Venture Funds, Andreessen Horowitz, and Khosla Ventures. This round brings the company to the unicorn club. The money raised will be used for product development and employee team expansion from the number of 200 to 300 by the end of the year.

Imply, San Francisco, the USA, was founded by Fangjin Yang, Gian Merlino, and Vadim Ogievetsky in 2015. Previously, they developed Apache Druid, which now is the base for Imply platform. Druid is an open-source data store that uses process clusters to analyze a large number of real-time and historical data. Imply is an “enterprise” version of Druid, together they provide more capabilities and services than Druid as a standalone project. “Applications built on Imply’s database are accessed by many thousands of users. Druid is unlocking a whole new world of analytics use cases, and it’s creating tremendous value for organizations as they undergo digital transformations,” Fangjin Yang, CEO of Imply. Among Imply’s 150 customers are Atlassian, Cisco ThousandEyes, InterContinental Exchange, and Reddit.

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