Time series data startup InfluxData, used by Tesla and IBM, just raised $81 million in debt and equity with this 19-slide pitch deck

• Time series data startup InfluxData has raised $81 million in debt and equity. 
• The startup’s open-source database services are used by the likes of Tesla, Cisco, and IBM.
• We got an exclusive look at the 19-slide pitch deck InfluxData used to raise the fresh funds.

A startup that provides time series data analytics for the likes of Tesla, Cisco, and IBM has raised $81 million in a mix of debt and equity.

San Francisco-based InfluxData offers an open-source database that can collect and analyze information from sensors, systems, and applications in real-time to provide insights. Time series data refers to information gathered from sources ranging from temperature sensors to high-frequency trading data.

The market for time series data has grown significantly in recent years as the world becomes more instrumented and companies look to migrate their data collection into purpose-built databases, InfluxData CEO Evan Kaplan told Insider. 

“In a world of increased sensorization this type of data, which used to be more in the background, is now in the foreground and it’s considered to be the fastest growing sector in the database market,” Kaplan said. 

The company’s main product, InfluxDB is used by around 1,900 corporate customers including Nest, Bethesda, and Vodafone. Sensors collect data which is stored in varying measurements from nanoseconds through to minutes at a time, which is then can then be analyzed and summarized at high speeds. 

InfluxData hasn’t raised capital since 2019 but it has secured $51 million in Series E funding from Princeville Capital and Citi Ventures, alongside participation from existing investors Battery Ventures, Mayfield Fund, and Sapphire Ventures.

In addition, the company has brought in a $30 million debt facility from Silicon Valley Bank. InfluxData declined to comment on its valuation but said that this funding was at a higher valuation than its Series D. 

The new capital will go towards building a new database engine which Kaplan said would be an expensive, long-term investment designed to keep the company’s competitive advantage alongside conservative increases to headcount. 

Check out InfluxData’s 19-slide pitch deck below: