Imply Data, Inc., founded by the original Apache Druid founders, announced today a $100 million Series D fundraising round, valuing the firm at $1.1 billion. This investment round was led by ThomaBravo, with participation from OMERS Growth Equity. In addition, existing investors Bessemer Venture Funds, Andreessen Horowitz, and Khosla Ventures, all participated in the investment round. Imply's total funding raised to date is $215 million, as the company works to address the growing need for advanced analytics solutions.
Imply demand is being fueled by an analytics industry transformation led by software developers. For decades, analytics was limited to static executive dashboards and reports powered by batch-oriented data warehouses. However, leading firms are increasingly turning to their developers to create analytics applications that provide interactive data experiences from streaming data and provide real-time insights to internal and external users. Thousands of companies have turned to Apache Druid, the leading real-time analytics database.
Imply will be able to accelerate its goal of assisting developers in becoming the new analytics heroes thanks to this latest round of funding. "In its early days, Druid was adopted for a set of use cases in a handful of industries. Today, developers have shown its applicability across all industries – and the use cases have expanded exponentially," stated Fangjin "FJ" Yang, CEO and Co-Founder of Imply and Co-Creator of Apache Druid.
This fundraising round further solidifies Imply's position as the market leader in this expanding sector. It follows the recent product and open source innovation announced in March, namely the launch of Imply Polaris, a fully-managed DBaaS built on Apache Druid, and the introduction of a new multi-stage query engine, which makes Druid the only database to support advanced reports and complex alerts in addition to interactive, real-time analytics.
"We're excited to lead Imply's Series D. FJ, and his team are at the cusp of a market evolution in analytics, opening up a whole new world of analytics use cases and economic value," stated Robert (Tre) Sayle, a Partner at Thoma Bravo.
"As analytics adoption continues to accelerate, software developers are demanding more real-time solutions with Apache Druid and Imply leading the category," said Warda Shaheen, Co-Head of Software at OMERS Growth Equity.
Imply offers a fully-managed DBaaS (Imply Polaris), a hybrid-managed software offering (Imply Enterprise Hybrid), and a self-managed software offering for Apache Druid (Imply Enterprise). To suit developers' application requirements, the firm expands on Apache Druid's speed and scalability with committer-driven expertise, easy operations, and flexible deployment. Imply's technology is used by businesses to help them with internal and external solutions and services.
About Thoma Bravo
Thoma Bravo is one of the world's largest PE firms, with more than $103 billion in assets as of December 31, 2021. The firm invests in high-growth, innovative firms in the software and technology industries. Thoma Bravo engages with its portfolio firms to execute operating best practices, drive growth initiatives, and make accretive acquisitions to accelerate sales and earnings, leveraging the organization's extensive sector expertise and proven strategic and operational capabilities. Over the last two decades, the firm has purchased or invested in over 375 companies totalling more than $190 billion in enterprise value. The firm's offices are located in Chicago, Miami, and San Francisco.
About Imply
Imply is on a mission to help developers become the new analytics heroes. Our one-of-a-kind database, built with Apache Druid, allows them to create the next generation of analytics applications. Imply allows developers to build without limitations since our database will allow them to create interactive experiences on streaming and batch data at any scale and the most significant economics. Imply is on a fast growth trajectory, with customers like Salesforce, Atlassian, Reddit, and Intercontinental Exchange, and is backed by notable investors such as Thoma Bravo, a16z, and Bessemer Venture Partners.
