US-based log management software developer Humio picked up $20m on Wednesday in a series B round led by Dell Technologies Capital, the corporate venture capital subsidiary of computer producer Dell.
Venture capital firm Accel also took part in the series B round, having led the company’s $9m series A round in January 2019 and participating in its $2.8m seed round with West Hill Capital, undisclosed family offices and unnamed angel investors in 2017.
Humio’s log management platform collects real-time data on events across an enterprise customer’s network infrastructure, helping it understand what is happening on increasingly complex networks and detect problems such as downtime.
The software can be run either on premises or in the cloud. Humio, which was formed by incubator Trifork in 2016, will use the series B funds to cope with global demand and expand development of its technology.
Deepak Jeevankumar, managing director of Dell Technologies Capital, said: “Humio’s next-generation log storage, analysis and management architecture enables Global 2000 enterprises to ingest and analyse logs in real-time at a fraction of the cost of existing decades-old technologies.
“Some of the world’s largest enterprises are already using Humio enterprise-wide, and we are glad to aid Humio in their journey towards democratising the log analytics world.”
