Loggly, a cloud-based enterprise-class log management solution provider, is receiving $11.5 million from a funding round, enabling the company to continue to create new platforms and expand its footprint through sales and marketing activities.
The funding round was led by True Ventures along with Matrix Partners, Cisco, Trinity Ventures, Harmony Partners and Data Collective Venture Capital.
"Following record growth and customer adoption, including reaching the 2,000 paid customer accounts milestone in Q1 2016, this next round of funding marks continued momentum for Loggly. True Ventures – and all Loggly investors – have set the stage for us to build on these achievements," said Charlie Oppenheimer, CEO of Loggly. "This funding enables Loggly to further accelerate innovation in powerful analytics, alerts, search capabilities and other key areas so our customers can find root causes faster, spot anomalies earlier and monitor the health of their applications and infrastructure."
Customers in the gaming and entertainment industry, consumer services, technology as well as marketing and finance platforms, use Loggly as their cloud-based log management service to aggregate all logs in one central place and turn large amounts of log data into valuable insights in real-time.
For more information about this announcement, visit www.loggly.com.