AAA Loggly rolls into $15m series C

Loggly rolls into $15m series C

Networking technology company Cisco Systems increased its investment in US-based machine-to-machine data analytics company Loggly yesterday as part of a $15m series C round.

The round was led by new investor Harmony Partners, while existing investors Matrix Partners, Data Collective and True Ventures and Trinity Investors also took part.

Loggly, founded in 2009, has raised $35.9 m to date, with Cisco contributing to a $10.5m series B round raised in September 2013.

Big data and analytics is a focus area for Cisco, which said in April that it would invest $250m in start-ups over the next two to three years through its corporate venturing unit, Cisco Investments.

Cisco is also interested in funding companies operating in the internet of things, connected mobility, storage and silicon spaces, among others. It an undisclosed amount in mobile smart services company ItsOn and took part in a $5.4m round for network management start-up LiveAction last month.

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