MILLBRAE, Calif. (PRWEB) March 13, 2018 -- Today, data analytics company Imply announced a $13.3 million Series A round led by Andreessen Horowitz, with existing investor Khosla Ventures also participating. Martin Casado, a former founder of Nicira Networks and a general partner at Andreessen Horowitz, will join Imply’s Board of Directors. The company also announced the general availability of a new cloud-based version of its technology in addition to its current on-premise offering.
Imply was founded in 2015 by the original team behind the Druid open source project, a popular analytics system used to track and analyze high volume event streams. Companies produce these event streams by collecting the data generated by their digital businesses. For example, companies may want to understand how users are interacting with digital products, analyze their internal network traffic to pinpoint anomalies and threats, or better understand sensor data from their field devices. Making sense of this data in real-time enables companies to improve products, optimize operations, or troubleshoot issues. Unlike many traditional solutions in this space that focus on monitoring, or simply viewing what has occurred, Druid is focused on drilling deeper into the events to explain why they occur. Users of the system can quickly break apart a large and complex data set to look at specific subsections of data that matter for them, and flexibly perform a wide array of complex computations on the data.
Imply has taken this core technology and bundled it with an easy-to-use application layer where everyone in an organization can access these critical data sets to make faster decisions and take faster action. With the general availability of its new cloud product, users can now launch this powerful technology through a few clicks on a web browser.
“We created Imply to meet the help companies move from their existing static based workflows to dynamic ones where everyone in an organization can make real-time decisions on real-time data,” said Fangjin Yang, CEO and co-founder of Imply. “With this new round of fundraising, we’re looking forward to scaling the company in all areas to better serve our customers.”
Currently, Imply works with some of the world’s largest companies across a variety of industries, and was running cash flow positive prior to the new round by Andreessen Horowitz. Imply’s customers today include enterprises in finance, telecommunications, retail, eCommerce, and security.
“We saw that major technology companies across a variety of industries were picking up Druid in production, and Imply was perfectly positioned to capture an emerging market around event stream analytics,” said investor Martin Casado, general partner at Andreessen Horowitz.
For more information, please visit https://www.imply.io.
Imply is a data analytics company focused on high performance analytics on large scale event streams. Imply was founded in 2015 by members of the original Druid team, who also built the ingestion and visualization layers around the project. For more information, please visit http://www.imply.io.
Ashley Seashore, Arrow PR, +1 5102070402, [email protected]