Loggly, a US-based, cloud-based log management service which helps cloud-centric organizations understand how their infrastructure is performing, has raised $10.5m series B financing from existing investors, venture capital firms Trinity Ventures, True Ventures and Matrix Partners, together with the participation of new investors, network systems company Cisco and big data-focused venture capital firm Data Collective Venture Capital.
Total venture financing in Loggly now amounts to $20.9m.
Charlie Oppenheimer, chief executive officer at Loggly, said: “Processing log data is the first big data problem that every cloud-centric organization faces, whether they are a pure play internet company or a division of a large diversified company.”
Matt Ocko, co-managing partner at Data Collective Venture Capital, said: “Log data is some of the most foundational and valuable data that companies generate, and it is increasingly cloud-first. Loggly is the first company to truly understand this shift and implement a solution tailor-made for cloud-first organizations.”
Dan Scholnick, general partner at Trinity Ventures, said: “Cloud-based IT solutions are democratizing IT and bringing powerful solutions to companies that don’t want the cost and complexity of legacy software systems.”