Logz.io lands $52M to keep growing open source-based logging tools
Curated by: Startups
Logz.io announced a $52 million Series D investment today. The round was led by General Catalyst.
Other investors participating in the round included OpenView Ventures, 83North, Giza Venture Capital, Vintage Investment Partners, Greenspring Associates and Next47. Today’s investment brings the total raised to nearly $100 million, according to Crunchbase data.
Logz.io is a company built on top of the open source tools Elasticsearch, Logstash, and Kibana (collectively known by the acronym ELK) and Grafana. It’s taking those tools in a typical open source business approach, packaging them up and offering them as a service. This approach enables large organizations to take advantage of these tools without having to deal with the raw open source projects.
The company’s solutions intelligently scan logs looking for anomalies. When it finds them, it surfaces the problem and informs IT or security, depending on the scenario, using a tool like PagerDuty. This area of the market has been dominated in recent years by vendors like Splunk and Sumo Logic, but company founder and CEO Tomer Levy saw a chance to disrupt that space by packaging a set of open source logging tools that were rapidly increasing in popularity. They believed could build on that