Tuesday, June 14, 2016

Loggly Raises $11.5 Million for Log Management

Loggly, a start-up based in San Francisco, raised $11.5 million in funding for its cloud-based, enterprise-class log management service.

Loggly's cloud-based log management solution crunches through huge volumes of log data to reveal key insights. The company said customers in the gaming and entertainment industry, consumer services, technology as well as marketing and finance platforms, are using its cloud-based log management service to aggregate all logs in one central place and turn large amounts of log data into valuable insights in real-time.

The funding was led by True Ventures and included Matrix Partners, Cisco, Trinity Ventures, Harmony Partners and Data Collective Venture Capital.

“Following record growth and customer adoption, including reaching the 2,000 paid customer accounts milestone in Q1 2016, this next round of funding marks continued momentum for Loggly. True Ventures – and all Loggly investors – have set the stage for us to build on these achievements,” said Charlie Oppenheimer, CEO, Loggly. “This funding enables Loggly to further accelerate innovation in powerful analytics, alerts, search capabilities and other key areas so our customers can find root causes faster, spot anomalies earlier and monitor the health of their applications and infrastructure.”



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