UK startup Humio, an innovative log management platform, has announced raising €18.5 million Series B funding led by Dell Technologies Capital, with participation from existing investor Accel. The funding, which brings total investment raised to around €29.6 million, will be used to keep pace with demand across global markets, and expand the development of its self-hosted and SaaS products.
Log management platforms continually collect data about what’s happening across a company’s infrastructure, and help identify a variety of problems from application service down-time to cyber attacks. Humio, founded in 2016, minimizes the challenge of sifting through the rapidly, ever-growing volume of event and data logs by enabling users to log all data — structured or unstructured — in real time and at scale. The company’s modern, index-free log management solution helps organizations to understand large amounts of data, instantly pinpoint availability concerns, identify vulnerabilities in complex computing environments, and recover more quickly from incidents.
Headquarted in London, but with offices also in Aarhus (Denmark) and San Francisco and Seattle (US), Humio’s customers are large organizations across multiple industries including financial services, education, healthcare, communications, and cloud-based service providers, including Bloomberg and Michigan State University.
“Humio’s next-generation log storage, analysis, and management architecture enables Global 2000 enterprises to ingest and analyze logs in real-time at a fraction of the cost of existing decades-old technologies,” said Deepak Jeevankumar, managing director, Dell Technologies Capital. “Some of the world’s largest enterprises are already using Humio enterprise-wide, and we are glad to aid Humio in their journey towards democratizing the log analytics world.”
“We’re thrilled to strengthen our partnership with Humio as they’re building the leading solution in this fast-growing log management market. At Accel we’ve been fortunate to back many of the defining developer-oriented companies and we are excited to see Humio emerge as an integral part of a modern enterprise’s IT software stack,” said Andrei Brasoveanu, Accel.
via https://www.AiUpNow.com/ by contact@bcurdy.com, Khareem Sudlow
