US-based log-analysis technology provider Logz.io secured $52m on Wednesday in a series D round that included industrial equipment and appliance producer Siemens’ Next47 unit.
Venture capital firm General Catalyst led the round, which also featured OpenView Venture Partners, 83North, Giza Venture Capital, Vintage Investment Partners and Greenspring Associates.
Founded in 2014, Logz.io has developed a platform that bundles together open source tools to help developers monitor, troubleshoot and secure applications through artificial intelligence and machine learning technology.
OpenView led the company’s $23m series C round in 2017, participating alongside 83North, Giza and Vintage Investment Partners, having also led its $16m series B round the previous year. The series B round also featured 83North and Giza, both of which backed Logz.io’s $8m series A round in 2015.
Tomer Levy, founder and chief executive of Logz.io, said: “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.”