Real-Time Database Imply Raises $ 100 Million – TechCrunch

The desire to extract value from corporate data has only grown as the epidemic pushes companies to digitize their operations. But organizations often do not have the tools they need. According to a recent Fivetran survey:82% of companies make decisions based on outdated information, of which 85% believe that it leads to wrong decisions and lost revenue.

With the advent of real-time database technologies, obsolete data խնդիրները related issues may soon become a thing of the past if you believe in sellers’ sales offers. Real-time databases can theoretically provide instant insights, enabling companies to solve business line problems as they arise and work on short-term changes.

As more and more financing tranches show, investors believe that there is a significant market for real-time databases. Last September, SingleStore:, which provides a platform to help businesses integrate, monitor և query their data as a unit, raised $ 80 million in funding. Today, another real-time database vendor, Appoint Data, announced that it closed $ 100 million in Serie D stage, which the startup estimates at $ 1.1 billion.

Thomas Bravo led the Imply stage with OMERS Growth Equity, Bessemer Venture Funds, Andreessen Horowitz and Khosla Ventures. Co-founder and CEO Fangzin Young says the new money will go to product development, expanding the company’s workforce from 200 to 300 by the end of the year.

Imply’s Apache Druid survey view.

“The industry as a whole is facing the next wave of technical barriers to analysis, based on how organizations want to get value from data. The first wave of the 2000s tried to solve the large-scale challenges of data processing and storage, which: [tools like] “HDFS, MapReduce և Spark addressed,” Young told TechCrunch in an email. The “second wave of 2010” then tried to solve the problem of large-scale query processing, which created SQL engines (for example, Impala, Presto, Athena) distributed cloud storage (for example, Snowflake, Redshift և BigQuery). Now, the challenge that organizations are trying to address is large-scale analytics applications that enable interactive data experiences. That’s where it’s … Impulse comes in. “

Burlingame, California Imply was founded in 2015 by Young, Gian Merlino and Vadim Ogitsetsky. Young was an R&D engineer at Cisco focused on network optimization algorithms, while Merlino was a server software developer at Yahoo! (Full disclosure: TechCrunch parent company)

Young, Merlino and Ogi-Zetsky met at Metamarkets, a software advertising analytics platform that obtained By Snap in 2017. While at Metamarkets, they developed Druid, an open source, Java-based distributed data warehouse that uses a specialized process cluster to analyze large amounts of real-time, historical data.

Druid, currently used in manufacturing by companies such as Netflix, Salesforce և Confluent, was transferred to the Apache license in 2015.

“What is consistent with the companies that use Druid is their ability to open up more value than data, particularly real-time streaming events,” Young said. “Where cloud data warehouses are designed for reporting panels ներով with infrequently requested queries by multiple analysts, Druid enables analytics applications that provide interactive, live chats with an unlimited number of internal stakeholders և external clients queries in times of instant response. “

Imply builds fully managed databases using Druid. Moreover, Young’s position is intended as a “business version” of Druid, which’s supposedly providing more opportunities և services than the Druid project itself. For example, Imply recently launched Polaris, a cloud database service designed to streamline streaming, visualization, and other aspects of real-time analytics.

“From a business perspective, the need for data-driven applications has increased due to changes caused by the epidemic, which in turn has increased the need for Imply technology,” Ian said. «[I]Nights is no longer limited to a series of pre-defined queries in the report. Organizations can now take historical events on a huge scale (for example, clicks, data, cloud applications, service metrics, internet telemetry), operational intelligence, and real-time offers to expand their customer base.

Imply benefits as businesses increasingly use the cloud to manage their database. Gartner once predicted that by this year 75% of the databases will be deployed or moved to the cloud platform. Imply competes with alternative databases եստ warehouses such as PostgreSQL, Snowflake, Elastic և Clickhouse, but Young argues that the startup is quite different in its high synchronicity և “value”, especially streaming ներում In the field of batch data.

Without going into too much detail on each platform, we have to accept Yang’s word. But at what cost, Imply claims to have more than 150 customers, including Atlassian, Cisco ThousandEyes, InterContinental Exchange և Reddit.

“Applications built on the Imply database are available to thousands of users,” said Ian, who complained when asked about Imply’s current revenue. “Druid opens up a whole new world of analytics cases, it’s huge value for organizations as they undergo digital transformation.”

To date, Imply has raised $ 215 million in venture capital.

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