Graylog, the Security Information and Event Management (SIEM) and log management company, announced it has secured $39 million in funding to help continue its significant growth momentum along with accelerating product development and differentiation, scale global go-to-market operations, and bridge to profitability.
New investor Silver Lake Waterman and existing investors Piper Sandler Merchant Banking and Harbert Growth Partners led the funding.
“The growth we are seeing globally is a response to our team’s focus on innovation, a superior user experience, low total cost of ownership, and strong execution from our Go-To-Market and Customer Success teams,” said Andy Grolnick, CEO of Graylog. “We expect this momentum to continue as Graylog expands its reach and raises its profile in the security market.”
The company also attributes its growth to Graylog Security, a SIEM solution that helps mid-enterprises improve their ability to detect and respond to cyber threats with advanced security analytics, AI-driven alerting and threat hunting at scale across cloud, hybrid, and on-premise environments.
Recent market expansion initiatives are also expected to help fuel future growth:
- In July 2023, Graylog entered the API Security market segment by acquiring Resurface.io’s API security platform. Graylog API Security helps customers monitor and defend the increasingly vulnerable API attack surface.
- Graylog has grown its presence in Europe and Asia Pacific by adding personnel and strategic channel partners over the past year.
- To help streamline procurement for customers worldwide, Graylog is now available on the AWS Marketplace with plans for more listings in 2024.
For more information about this news, visit www.graylog.com.