{"id":15586,"date":"2021-06-16T23:00:00","date_gmt":"2021-06-16T23:00:00","guid":{"rendered":"https:\/\/eodishasamachar.com\/en\/2021\/06\/16\/imply-closes-70-million-series-c-at-700m-valuation-to-extend-leadership-as-foundational-platform-for-analytics-in-motion\/"},"modified":"2021-06-16T23:00:00","modified_gmt":"2021-06-16T23:00:00","slug":"imply-closes-70-million-series-c-at-700m-valuation-to-extend-leadership-as-foundational-platform-for-analytics-in-motion","status":"publish","type":"post","link":"https:\/\/eodishasamachar.com\/en\/2021\/06\/16\/imply-closes-70-million-series-c-at-700m-valuation-to-extend-leadership-as-foundational-platform-for-analytics-in-motion\/","title":{"rendered":"Imply Closes $70 Million Series C at $700M Valuation to Extend Leadership as Foundational Platform for Analytics-in-Motion"},"content":{"rendered":"<p> \n<\/p>\n<div id=\"\"><!--<a class=\"format-txt\" href=\"{baseURL}\/View\/{release.id}?_download=1\">View this article in .txt format<\/a>--><\/p>\n<p class=\"subheadline\">\n                               Significant customer momentum underscores movement away from expensive, slow and static analytics solutions towards highly-scalable, cost-effective, and interactive analytics solutions                            <\/p>\n<p>BURLINGAME,&#13;<br \/>\nCA &#8211;\u00a0<a href=\"https:\/\/www.media-outreach.com\/\">Media OutReach<\/a>\u00a0&#8211; 17&#13;<br \/>\nJune 2021 &#8211;\u00a0<a href=\"http:\/\/www.imply.io\/\">Imply<\/a>,&#13;<br \/>\nthe pioneer of Analytics-in-Motion, and founded by the original creators of&#13;<br \/>\nApache Druid, today announced the closing of a $70 million Series C led by&#13;<br \/>\nBessemer Venture Partners with participation from Tiger Global Management,&#13;<br \/>\nbringing total funding to over $116 million. Existing investors A16Z, Khosla&#13;<br \/>\nVentures and Geodesic Capital also participated in this round. This additional&#13;<br \/>\nfunding follows a banner year for Imply, growing market adoption of both Imply&#13;<br \/>\nand open source Apache Druid.\u00a0 Imply has&#13;<br \/>\nnow surpassed 100 enterprise and digital-native customers, using Imply as the&#13;<br \/>\nengine for analytics-powered applications that they build, and\/or as a complete&#13;<br \/>\nsolution to directly solve internal BI and operational analytics use cases. The&#13;<br \/>\nadditional funding will extend Imply&#8217;s market leadership in the rapidly growing&#13;<br \/>\narea of Analytics-in-Motion.\u00a0<\/p>\n<p>&#13;<br \/>\n&#13; <\/p>\n<p>&#8220;The world of analytics is being upended, as&#13;<br \/>\nit is now a competitive disadvantage to wait hours or days to iterate on&#13;<br \/>\ninsights, to make decisions based on stale data, or to leverage solutions that&#13;<br \/>\neither crumble or cost a fortune at scale,&#8221; said Elliott Robinson, Partner at&#13;<br \/>\nBessemer Venture Partners.\u00a0 &#8220;Every day,&#13;<br \/>\nmore and more established enterprises and digital natives realize the power of&#13;<br \/>\nAnalytics-in-Motion, and Imply is far ahead in this race to redefine analytics&#13;<br \/>\nacross the enterprise, with numerous marquee customers and demonstrated&#13;<br \/>\ncustomer success worldwide.&#8221;<\/p>\n<p>&#13;<br \/>\n&#13; <\/p>\n<p>\u00a0<\/p>\n<p>&#13;<br \/>\n&#13; <\/p>\n<p>Analytics-in-Motion is the new requirement for&#13;<br \/>\ndigital transformation, and has emerged due to the demands of modern business&#13;<br \/>\nand the limitations of existing analytics solutions to meet these demands.&#13;<br \/>\nImply&#8217;s unique technology removes the handcuffs to effective analytics by&#13;<br \/>\ndelivering all four attributes organizations require for effective analytics:<\/p>\n<ol>\n<li><b>Interactive queries<\/b>:&#13;<br \/>\n     questions do not need to be predetermined and organizations get an engine&#13;<br \/>\n     and an app\/UI, not only a database; queries can be created on-the-fly,&#13;<br \/>\n     answers are provided immediately, and insights are generated at the speed&#13;<br \/>\n     of thought (sub-second OLAP queries, self-service data analytics,&#13;<br \/>\n     point-and-explore integrated UI)<\/li>\n<li><b>Unlimited scale:<\/b>&#13;<br \/>\n     purpose-built to scale (high query concurrency, PB+ data volumes, high&#13;<br \/>\n     ingestion throughput)<\/li>\n<li><b>Real-time and historical data loads<\/b>: insights can be derived from data in motion and the present can&#13;<br \/>\n     be compared to the past (Kafka\/Kinesis&#13;<br \/>\n     integrations, data lake integrations, flexible and adaptive schemas)<\/li>\n<li><b>Best price\/performance<\/b>:&#13;<br \/>\n     built to scale with maximum cost efficiency (configurable&#13;<br \/>\n     price\/performance, predictable performance and costs, fine-tune based on&#13;<br \/>\n     usage)<\/li>\n<\/ol>\n<p>&#13;<br \/>\n&#13; <\/p>\n<p>The combination of these four requirements&#13;<br \/>\nenables a broad set of new customer outcomes and will place analytics-in-motion&#13;<br \/>\nas a defining characteristic of how every successful organization operates. <\/p>\n<p>&#13;<br \/>\n&#13;<br \/>\n&#13;<br \/>\n&#13; <\/p>\n<p><b>New&#13;<br \/>\nCustomer Outcomes Driven by Analytics-in-Motion<\/b><\/p>\n<p>&#13;<br \/>\n&#13; <\/p>\n<p><b>\u00a0<\/b><\/p>\n<p>&#13;<br \/>\n&#13; <\/p>\n<p>Leading organizations leverage&#13;<br \/>\nanalytics-in-motion as: (1) the analytics engine behind analytics-powered&#13;<br \/>\napplications centered around security, operational and business insights; and&#13;<br \/>\n(2) a complete solution to solve internal BI and operational analytics use&#13;<br \/>\ncases.\u00a0 <\/p>\n<p>&#13;<br \/>\n&#13; <\/p>\n<p><b>\u00a0<\/b><\/p>\n<p>&#13;<br \/>\n&#13; <\/p>\n<p><b>Analytics engine for analytics-powered applications<\/b><\/p>\n<p>&#13;<br \/>\n&#13; <\/p>\n<p><i>Designed for developers and product managers<\/i><\/p>\n<ul>\n<li>Network endpoint analytics <i>in motion<\/i>: &#8220;Companies that rely on the&#13;<br \/>\nInternet for their business depend on ThousandEyes&#8217; leading Cloud and Internet&#13;<br \/>\nIntelligence platform to ensure seamless digital experiences for their&#13;<br \/>\ncustomers and employees,&#8221; said Murtaza Doctor, Head of Engineering &amp;&#13;<br \/>\nOperations at <a href=\"https:\/\/www.thousandeyes.com\/careers\/engineering\">Cisco ThousandEyes<\/a>. &#8220;To build our&#13;<br \/>\nindustry-leading solutions, we leverage the most advanced technologies,&#13;<br \/>\nincluding Imply and Druid, which provides an interactive, highly scalable, and&#13;<br \/>\nreal-time analytics engine, helping us create differentiated offerings.&#8221;<\/li>\n<li><a href=\"https:\/\/engineering.sift.com\/watchtower-automated-anomaly-detection-at-scale\/\">Fraud detection<\/a><b> <\/b><i>in motion<\/i>: &#8220;As the&#13;<br \/>\nleader in Digital Trust &amp; Safety, Sift leverages advanced machine learning&#13;<br \/>\nto ensure our customers can accurately detect and prevent fraud,&#8221; said Neeraj&#13;<br \/>\nGupta, SVP, Engineering &amp; Cloud Operations at Sift. &#8220;Imply and Druid offer&#13;<br \/>\na unique set of benefits to Sift as the analytics engine behind Watchtower, our&#13;<br \/>\nautomated monitoring tool. Imply provides us with real-time data ingestion, the&#13;<br \/>\nability to aggregate data by a variety of dimensions from thousands of servers,&#13;<br \/>\nand the capacity to query across a moving time window with on-demand analysis&#13;<br \/>\nand visualization.&#8221;<\/li>\n<li><a href=\"https:\/\/imply.io\/post\/why-gameanalytics-migrated-to-druid\">Gaming analytics<\/a> <i>in motion<\/i>: &#8220;As a leading provider of analytics in the mobile&#13;<br \/>\ngaming space, a key aspect of our competitive differentiation is the depth of&#13;<br \/>\nreporting we provide to our customers. To accelerate our customers&#8217; success, we&#13;<br \/>\nwanted to build a customer-facing analytics application that combined the&#13;<br \/>\nperformance of pre-computed queries with the ability to issue arbitrary ad-hoc&#13;<br \/>\nqueries without restrictions,&#8221; said Ioana Hreninciuc, CEO of&#13;<br \/>\nGameAnalytics. &#8220;We selected Imply and Druid as the engine for our analytics&#13;<br \/>\napplication, as they are built from the ground up for interactive analytics at&#13;<br \/>\nscale. In addition, for our internal analytics, Imply Pivot has become the tool&#13;<br \/>\nof choice for our support and product teams to explore all of our data in a&#13;<br \/>\nflexible way.&#8221;<\/li>\n<li>Product Usage Analytics <i>in motion<\/i>: &#8220;Strivr&#8217;s Immersive Learning&#13;<br \/>\nplatform is revolutionizing hiring and training through Virtual Reality (VR),&#8221;&#13;<br \/>\nsaid Aneesh Kulkarni, VP of Engineering at Strivr. &#8220;Analytics is critical&#13;<br \/>\nto our platform as it provides customers with a unique level of data-driven insights&#13;<br \/>\nfrom immersive training experiences. We chose Imply and Druid as our analytics&#13;<br \/>\ndatabase due to its scalable and cost-effective analytics capabilities, as well&#13;<br \/>\nas its flexibility to analyze data across multiple dimensions. It is key to&#13;<br \/>\npowering the analytics engine behind our interactive, customer-facing&#13;<br \/>\ndashboards surfacing insights derived over telemetry data from immersive&#13;<br \/>\nexperiences.&#8221;<\/li>\n<\/ul>\n<p><b>Complete solution for internal analytics use cases<\/b><\/p>\n<p>&#13;<br \/>\n&#13; <\/p>\n<p><i>Designed for anyone needing to understand data<\/i><\/p>\n<ul>\n<li>Observability Analytics <i>in motion<\/i>: &#8220;Plaid&#8217;s mission is to&#13;<br \/>\nunlock financial freedom,&#8221; said Gordon Worley, Sr. Staff Software Engineer&#13;<br \/>\nat Plaid. &#8220;To do that, we&#8217;ve built a world-class observability platform&#13;<br \/>\nthat allows our customers to offer the best fintech experiences to their users.&#13;<br \/>\nFour things are crucial for observability analytics; interactive queries,&#13;<br \/>\nscale, real-time ingest, and price\/performance. That is why we chose Imply and&#13;<br \/>\nDruid.&#8221;<\/li>\n<li>Advertising Analytics <i>in motion<\/i>: &#8220;Ippen Digital is a&#13;<br \/>\npioneer in helping publishers transition to new sources of digital revenue, and&#13;<br \/>\nanalytics is central for us to deliver sophisticated use of audience data and&#13;<br \/>\ndeliver content recommendations,&#8221; said Jan Ippen, CEO of Ippen&#13;<br \/>\nDigital.\u00a0 &#8220;Using Imply and Druid, we&#13;<br \/>\nare able to aggregate and analyze all information, details and dimensions of&#13;<br \/>\nadvertising data from our upstream providers.\u00a0&#13;<br \/>\nWe can now perform real-time exploratory analytics on advertiser&#13;<br \/>\nbehavior, which enables us to build a differentiated offering to our&#13;<br \/>\ncustomers.\u00a0 Imply and Druid are core to&#13;<br \/>\nour success as a digital advertising platform.&#8221;<\/li>\n<\/ul>\n<p>&#13;<br \/>\n&#13; <\/p>\n<p>&#8220;In the modern world, what worked yesterday&#13;<br \/>\noften doesn&#8217;t work today.\u00a0&#13;<br \/>\nAnalytics-in-Motion will power the next frontier of digital&#13;<br \/>\ntransformation &#8212; the movement away from analytics solutions that are&#13;<br \/>\nexpensive, slow, and static, and towards analytics solutions that are highly&#13;<br \/>\nscalable, cost effective, and enable customers to quickly get to the &#8216;a-ha&#8217;&#13;<br \/>\nmoment,&#8221; said Fangjin Yang, CEO of Imply. &#8220;Bessemer Venture Partners shares&#13;<br \/>\nour vision to re-define how organizations gain value from analytics, and we are&#13;<br \/>\nthrilled to welcome them as our newest investor and to welcome Elliott Robinson&#13;<br \/>\nto our Board of Directors.\u00a0 We are also&#13;<br \/>\nthrilled to welcome <a href=\"https:\/\/imply.io\/press_releases\/2021-06-16-imply-expands-leadership-team-as-analytics-in-motion-becomes-increasingly-central-to-enterprise-and-digital-native-organizations\">two new executives<\/a> to Imply in the wake of our&#13;<br \/>\nSeries C funding: our CMO, Praveen Rangnath (most recently at Confluent) and VP&#13;<br \/>\nof Customer Success, Kevin Hodgkins (most recently at Fivetran).&#8221;<\/p>\n<p>&#13;<br \/>\n&#13; <\/p>\n<p><b>Additional&#13;<br \/>\nresources<\/b><\/p>\n<ul>\n<li>Read more about this announcement&#13;<br \/>\nfrom Fangjin Yang on the <a href=\"https:\/\/imply.io\/post\/imply-raises-70mm-in-series-c-funding\">Imply blog<\/a><\/li>\n<li>Read more about our <a href=\"https:\/\/imply.io\/analytics-in-motion\">vision<\/a>&#13;<br \/>\nfor Analytics-in-Motion<\/li>\n<li><a href=\"https:\/\/imply.io\/careers\">Join Imply<\/a> and be a part of redefining the&#13;<br \/>\nmassive market for analytics<\/li>\n<li>See how <a href=\"https:\/\/imply.io\/customers\">Imply customers<\/a>&#13;<br \/>\nare leveraging Analytics-in-Motion<\/li>\n<\/ul><\/div>\n\n<br \/><a href=\"https:\/\/www.media-outreach.com\/news\/2021-06-17\/82075\/imply-closes-70-million-series-c-at-700m-valuation-to-extend-leadership-as-foundational-platform-for-analytics-in-motion\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Significant customer momentum underscores movement away from expensive, slow and static analytics solutions towards highly-scalable, cost-effective, and interactive analytics solutions BURLINGAME,&#13; CA &#8211;\u00a0Media OutReach\u00a0&#8211; 17&#13; June 2021 &#8211;\u00a0Imply,&#13; the pioneer of Analytics-in-Motion, and founded by the original creators of&#13; Apache Druid, today announced the closing of a $70 million Series C led by&#13; Bessemer Venture &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[60],"tags":[],"_links":{"self":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/posts\/15586"}],"collection":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/comments?post=15586"}],"version-history":[{"count":0,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/posts\/15586\/revisions"}],"wp:attachment":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/media?parent=15586"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/categories?post=15586"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/tags?post=15586"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}