Edward Clayton 
Data analytics startup Imply aims to help businesses make sense of all the data they generate with its cloud service. The company recently raised a massive $70 million in venture capital to continue growing its cloud service. This funding places Imply in a prime position to take advantage of the surging demand for data analytics technology.
In this article, we’ll explore how the company is leveraging its cloud service to help businesses make sense of their data.
Overview of Imply
Imply is a data analytics startup that provides cloud-based services for businesses attempting to make sense of their data. Founded in 2012, Imply has made a name for itself in the world of analytics and looks to be on track to securing its spot as a major force in the industry.
Imply offers services and features specifically tailored to the needs of its customers. These include cloud-based solutions, numerous integrations, streaming-data ingestion capability, and an easy-to-use drag-and-drop interface. On top of these features, Imply also provides an AI-powered search engine and advanced geoprocessing capabilities that enable users to conduct fast, accurate spatial searches saving time when investigating complex patterns in vast datasets.
On November 2nd 2020 Imply secured $70 million in funding from current investors Accel and Andreessen Horowitz and new investors Madrona Venture Group and Ursa Ventures. This sizable investment will help Imply’s growth as they take their core products—open source distributed SQL query engine Druid and its real-time query engine Pinot—that handle large volumes of data for corporate customers like Adobe & Comcast further into the market. Additionally, as more businesses turn towards cloud solutions for better insights into their data mindshare such offers like Imply’s are likely to increase.
Overview of Imply’s cloud service
Imply is a data analytics startup that provides cloud services to businesses, enabling them to gain insights from their data. Imply’s cloud service provides an easy-to-use platform for analyzing and visualizing data.
The company has developed a suite of products designed to extract value from enterprise data by giving customers the ability to explore and make sense of the data quickly and easily.
Imply’s cloud service features include: advanced security, customizable dashboards, automated visualizations with powerful visualization capabilities including machine learning algorithms, AI-driven analytics, and more. Additionally, Imply has native integrations with multiple cloud storage solutions such as AWS S3 and GCP Cloud Storage to ensure users can securely store their data. Furthermore, Imply also offers ETL (Extract-Transform-Load) solutions that allow customers to take advantage of the existing API infrastructure and further operate on any type of data in any format or schema.
With its latest venture round funding of $70M in December 2020, Imply is set to expand its cloud services further and revolutionize how businesses organize their data. Leveraging the power of big data analytics combined with advanced machine learning algorithms is a key factor in helping companies make sense of their extensive databases while driving operational efficiency at scale — all while providing superior user experience across various sectors like retail, finance & insurance, healthcare services & logistics delivery supervisors etc.
Benefits of Imply’s Cloud Service
Data analytics startup Imply has raised a $70 million Series C funding round to grow its cloud service that helps businesses make sense of their data.
Imply’s cloud service offers several advantages for managing and analyzing data, including scalability, reliability, and cost savings.
Let’s look at the benefits of using Imply’s cloud service in detail.
Automation of data analysis
Imply’s cloud service provides customers with automated data science and analytics, meaning companies no longer have to manually gather, organize, and analyze data. This saves time, effort and money for businesses. The automation of data analysis provided by Imply has many advantages including faster insights into customer behaviors and trends. Additionally, this allows customers to take advantage of more detailed data analytics which can then be used to inform decisions and take action to create better products and services.
The cloud service also allows companies to centralize their data in one place so they can view all of the information they need quickly and easily. This eliminates the need for manual compilation and organization of multiple databases or spreadsheets to generate useful insights and actionable solutions. Imply’s cloud service also provides customers with real-time insights that are constantly updated as more information is injected into the system. This allows customers to stay up-to-date on trends and market conditions that can be used for future planning or decision making purposes.
Imply’s cloud service helps businesses make sense of their data by providing automated analysis capabilities and centralized storage. This enables companies to generate faster insights from their data which can inform smarter decisions that ultimately lead to improved performance, quality control initiatives, and overall customer satisfaction.
Increased insights from data
When using Imply Cloud, organizations can quickly and easily reap the benefits of big data by leveraging the insights available within their data. This process enables businesses to stay ahead of the competition, remain innovative, and identify new growth opportunities. Additionally, Imply Cloud helps businesses remove the complexity from managing their data to make faster decisions based on deeper insights from their existing information.
Imply Cloud allows users to mine through huge volumes of structured and unstructured data quickly, with their intuitive user interface helping to uncover meaningful patterns that would otherwise remain hidden. From sales trends to customer sentiment analysis to predictive analytics, Imply Cloud enables organizations to draw valuable insights from their growing datasets and uncover previously unrecognized relationships to develop new strategies for success.
Improved customer experience
Companies that partner with a cloud service like Imply’s experience a range of customer-centered benefits, including:
• Improved customer experience. The data analytics that Imply offers allows companies to understand their customers better and develop campaigns tailored to them. This can lead to improved customer satisfaction, allowing companies to boost sales and strengthen brand loyalty.
• Increased efficiency and reduced costs. With access to real-time APIs, Imply’s cloud service makes it easier for businesses to quickly analyze customer data, identify market trends, and refine existing strategies to improve performance. This means more efficient use of resources, resulting in cost savings.
• Faster decision-making processes. Through its machine learning modules, Imply’s cloud service helps businesses rapidly decide how to manage their customer data and promptly improve business outcomes. This leads to faster decision-making processes and increased profitability for organizations that leverage its offering.
Data analytics startup Imply nabs $70M to grow cloud service
Data analytics startup Imply has secured $70 million in a new investment round which it plans to use to grow critical parts of its cloud-based machine learning and data platform. The Series D financing was led by Battery Ventures and was joined by existing and new investors including Altimeter Capital, Crosslink Capital, Index Ventures, Khosla Ventures, and Scale Ventures.
The company said the latest funding round is a vote of confidence in its ability to provide easy-to-use cloud data services and predictive analytics for businesses seeking to make sense of large datasets.
Imply was founded on the notion that access to these powerful tools should not be the exclusive realm of huge companies with the resources to build complex in-house applications — but instead accessible to any business looking for insights from their data. Based on this philosophy, Imply set out to make realistic predictions from large datasets with minimal effort from the user.
The company’s flagship product, Imply Cloud Services (ICS), is an end-to-end solution that allows customers in finance, technology and healthcare industries quickly build models and drive insights from their data — all on either AWS or Google Cloud Platform. In addition, the platform includes tools for developing customized web dashboards (over 100 preconfigured templates based on customer needs) and advanced features like automated machine learning pipelines.
Imply will use the additional investment capital received in this round to spur further development “in all critical areas” including its cloud services, engineering expertise and research capabilities – allowing the company “a higher level of market acceleration” according to chief executive officer Karthik Ramasamy. This additional capital will also allow Imply “room for strategic acquisitions” — according to Imply co-founder Raghu Murthy — assuming organic growth still does not quite suffice in driving future growth needs for the young business.
Impact of the investment
The impact of any particular investment is an important factor to consider when analyzing its potential profitability and risk. Investing in Imply, for example, can have a wide range of impacts, depending on the markets and companies you choose to invest in. But, generally speaking, investments can affect three main areas – financial performance, market reaction and long-term benefit.
Financial performance is affected by the profits that come from investments. These profits can be realized through appreciation (appreciation in price or value) or dividends (payouts from dividends). With Imply investments, investors are looking for the greatest return on their money by investing in profitable companies with strong prospects. This includes researching a company’s products and services, financials, management team and competitive edge before investing.
Market reaction is an important measure of how well an investment will perform over time. It measures how other investors react to an investment’s announcement or subsequent performance. For example, suppose an investor believes their initial company assessment was accurate. In that case, they will likely receive more positive sentiments from other investors, thus driving up their shares’ value over time. On the contrary though, if an investor perceives uncertainty or sees potential problems within a company they may choose to sell those shares quickly leading to a rapid devaluation in market value for those shares within that particular stock market or sector as others try to minimize losses or extract profit quickly before further drops occur too far down below traditional support levels.
Finally, long-term benefit measures an investment’s success over its life cycle. Here investors look at factors such as returns on equity typically known as ROE which measure how much money each dollar invested has produced over time compared to any capital used, total shareholder return which assesses how well every $1 invested into Imply has performed versus equivalent benchmarks, dividend yield which compare what dividend payouts have been compared against share prices historically etcetera. By considering all these metrics, one can get clear insights into whether their chosen asset has generated sufficient returns for them throughout its lifetime.
Use Cases
Data analytics startup Imply has been at the forefront of the data revolution, offering a comprehensive cloud service to businesses of all sizes.
Imply’s cloud service provides unique use cases that can help businesses make sense of their data, from advanced analytics such as AI/ML capabilities to providing APIs for streaming data to and from their systems.
Let’s explore the use cases of Imply’s cloud service and see how it can help businesses make the most out of their data.
Retail
Retail is one of the major use cases for Imply’s cloud service, which empowers retailers to analyze their data in real time. The platform helps them make better decisions by consolidating and analyzing product data from their online and brick-and-mortar stores and customer data such as purchase history.
The platform also provides insights into customer behavior, allowing them to personalize promotions and special offers. Imply also enables retailers to easily track trends in their space, helping them stay on top of market movements and make informed decisions about pricing or stocking new products.
With Imply’s cloud service, retailers can analyze customer data to improve customer experience across all offline and digital channels, leading to increased revenue and higher satisfaction rates.
Healthcare
Utilizing Imply’s cloud service, healthcare organizations can make sense of their data to optimize business operations and deliver superior patient care. The platform enables healthcare companies to access actionable insights for analytics and reporting to uncover valuable patient intelligence in both real time and near-real time.
Additionally, healthcare organizations gain operational insights from streaming telemetry data such as packet protocol information that helps detect fraud in real time. Further, this cloud-based analytics technology enables healthcare companies to reduce costs while improving customer service.
By utilizing Imply’s cloud services, healthcare providers can quickly generate insights derived from a range of unified data sources such as electronic health records (EHRs), billing information, claims and payment systems, and operational machine data such as sensors and logs.
Manufacturing
In the manufacturing sector, technology is used to improve various processes, from supply chain to customer service. Automating processes with robotics, artificial intelligence and other tools can help manufacturers achieve greater efficiency and reduce costs. Using sensors and analytics to monitor machines, systems and performance allows for real-time visibility into data such as production output, cycle times, energy usage and more.
Manufacturers can connect separate departments—such as engineering, production and finance—across disparate locations using cloud technology. Not only can this enable them to collaborate on projects more efficiently, but they can also access near real-time data that results in faster decisions. Businesses also benefit from IoT-enabled devices that can streamline supply chain operations by providing predictive insights into potential issues affecting production schedules or quality control issues.
Manufacturing use cases of the cloud include:
- Predictive asset maintenance
- Intelligent visual inspection
- Real-time tracking of inventory levels
- Automated scheduling systems
- Supply chain optimization software
tags = Imply, Data analytics startup, grow cloud service, $70M, Bessemer Venture Partners, imply 70m venture partners 700mwiggersventurebeat, Fangjin Yang, Imply Pivot
