AI Log Analysis Company Logz.io Raises $52 Million in Series D Funding

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Logz.io plans to use the funding to further develop and enhance its product offering, increase global presence and invest in partner ecosystem. 

Logz.io, an intelligent and scalable machine data analytics platform based on open-source tools ELK and Grafana, has raised $52 million in Series D funding led by General Catalyst.

Other investors participating in the round included OpenView Ventures, 83North, Giza Venture Capital, Vintage Investment Partners, Greenspring Associates and Next47.

According to the company, the funding will be used to further develop and enhance their product offering, increase their global presence and invest in their partner ecosystem.

Designed for monitoring modern applications, Logz.io combines cloud-native simplicity and scalability with crowdsourced artificial intelligence to help engineers identify critical issues before they occur and enable them to monitor, troubleshoot and secure mission-critical applications using one unified platform.

“We are enabling engineers to consume open-source in a completely new way to meet the growing challenge of machine data analysis efficiently and at any scale, allowing them to focus their time and energy on driving value for the business,” said Tomer Levy, co-founder and CEO of Logz.io, in a press release.

“This new funding will enable us to double down on our product leadership to better serve our customers as well as enable more companies around the world to benefit from different open-source with Logz.io through our growing go-to-market and strategic partnerships,” he added.

Logz.io to expand partnerships with global technology leaders

In addition to expanding their product offering, Logz.io plans to use the funding for expanding their partnerships with global technology leaders.

The company recently announced a partnership with Microsoft Azure enabling customers to easily use open-source ELK on Azure. Logz.io also expanded their AWS regional coverage across North America, Europe and Australia. The company has offices in Tel Aviv and Boston and recently opened their European headquarters in London.

“Managing service reliability and security is a real resource sinkhole for technical teams. Logz.io uses crowdsourcing and ML to up-level the efficiency and effectiveness of those teams. Customers rave and we think Logz.io has the potential to transform infrastructure management in the enterprise on down to early-stage startups,” said Larry Bohn, Managing Director at General Catalyst.

Logz.io more than doubled its business in 2018

Logz.io was founded in 2014 by two engineers with an aim to alleviate the pains of operating and securing large distributed workloads.

Built on ELK and Grafana, Logz.io empowers engineers to monitor, troubleshoot and secure mission-critical applications more effectively.

It was originally built to enhance ELK by adding increased cloud scalability, a variety of enterprise-grade features and machine learning capabilities. Today, the company has expanded their open source offering by adding new products for security analytics based on Kibana and announced the upcoming time-series analytics using Grafana.

Logz.io is being used by Turner Broadcasting, Intel and Rent-A-Center to analyze machine data at scale, and it has enabled them to improve reliability, reduce troubleshooting time and decrease overall costs.

The company more than doubled its business in 2018. It now serves more than 700 customers such as Unity, British Airways, Bleacher Report, Symantec, and Schneider Electric.

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