Telecommunication organizations need to ensure they have the necessary resources and technology to maintain service uptime SLAs. Increased regulations and emerging technologies forced telecommunications companies to evolve quickly in recent years. These organizations’ engineers and site reliability engineering (SRE) teams must use technology to improve performance, reliability and service uptime.

The Internet of Things (IoT) revolution has set the beginning of a new age of data transfer. Each day, a massive number of new devices get added to all kinds of network infrastructures, transferring gargantuan amounts of data back and forth. In the next decade, we expect the number of IoTs to grow to a staggering 80 billion connected devices – practically outnumbering the human population tenfold.

Today is an important milestone for InfluxData. I am thrilled to share that we closed our $51 million Series E round, and a $30 million debt facility, raising $81 million in capital. The Series E round was led by our new investors Princeville Capital and Citi Ventures, with participation from our existing investors Battery Ventures, Mayfield Fund, Sapphire Ventures, Trinity Ventures, Norwest Venture Partners, Sorenson Capital, and Harmony Partners.