Hydrolix Inc., a provider of data lakes, reported raising $80 million to fuel expansion plans.

The investment was led by QED. Twelve additional supporters joined it, among them Akamai Technologies Inc., which sells Hydrolix’s technology to its clients. The funding round comes after the startup’s revenue increased eightfold in a single year.

A data lake platform that can hold both structured and unstructured records is offered by Portland-based Hydrolix. A time-series database powers it from underneath. This kind of database keeps track of the creation dates of the records it contains, which is crucial for many analytics use cases. For instance, a factory sensor’s error report is most helpful when it shows the exact moment the issue happened.

According to Hydrolix, its technology can store data up to petabytes in size. The company says that some records’ storage footprint is reduced by a factor of 50 due to built-in compression techniques. This lowers the infrastructure costs for businesses.

Hydrolix allows businesses to scale storage and computation resources independently, which further reduces hardware expenses. In the past, increasing a database’s storage capacity included purchasing additional CPUs, even if they weren’t required. By eliminating that requirement, Hydrolix helps users avoid needless costs.

Near real-time data analysis is made feasible by an integrated stream processing engine. For a variety of inquiries, Hydrolix promises subsecond response times. To speed up analysis, the platform makes any necessary changes to the data before executing queries. For instance, Hydrolix can alter a dataset’s format or incorporate data from outside sources.

Sorting through a lot of extraneous data is frequently necessary to locate a certain record in a database. Hydrolix says that in order to speed up processing, its platform omits a large portion of that superfluous data before executing queries. In order to accomplish this, the software creates indexes, which are files with shortcuts to crucial information.

“This round will help extend Hydrolix availability to additional cloud platforms for the biggest security, observability, adtech and RUM platforms,” said Hydrolix co-founder and Chief Executive Officer Marty Kagan. “We’ll also expand the sources of data we ingest while giving customers the power to maintain existing interfaces and processes.”

The business says that the backers of the round chose to fund its channel network “largely due to Hydrolix’s success in building sales momentum” The software developer gives Akamai access to its technology as part of that program so that it can use it in a product named TrafficPeak. The service assists website owners in identifying cybersecurity and performance problems.

Hydrolix anticipates that the capital round will help expand its footprint in Asia and Europe in addition to assisting with product development initiatives. Today, the business revealed that over 40% of its revenue already comes from foreign clients.