Logz.io Raises $52 Million in Series D Funding Led by General Catalyst
Dedicated to Building a New Open Source Experience for Developers, Logz.io will Use Funds to Extend Product Portfolio and Expand Internationally
BOSTON and TEL AVIV, May 29, 2019 (GLOBE NEWSWIRE) -- Logz.io, an intelligent and scalable machine data analytics platform based on open source ELK and Grafana, today announced it has raised $52 million in Series D funding led by General Catalyst with participation from OpenView Ventures, 83North, Giza Venture Capital, Vintage Investment Partners, Greenspring Associates and Next47. The funding will be used to further develop and enhance the company’s product offering, increase their global presence and invest in its partner ecosystem.
Dedicated to building a better open source experience, Logz.io has grown rapidly--more than doubling their business in 2018--and now serves more than 700 customers such as Unity, British Airways, Bleacher Report, Symantec, and Schneider Electric.
Founded in 2014 by two engineers dedicated to alleviating the pains of operating and securing large distributed workloads, Logz.io empowers engineers to focus their efforts on building better software rather than maintaining difficult to scale open source monitoring stacks. Originally built to enhance ELK by adding increased cloud scalability, a variety of enterprise-grade features and machine learning capabilities, the company has expanded their open source offering by adding new products for security analytics based on Kibana and announced the upcoming time-series analytics using Grafana.
Designed for monitoring modern applications, Logz.io combines cloud-native simplicity and scalability with crowdsourced artificial intelligence to help engineers identify critical issues before they occur and enable them to monitor, troubleshoot and secure mission-critical applications using one unified platform.
“Before switching to Logz.io, my engineers were spending over 20% of their time managing our self hosted logging platform; it could not reliably scale during a crisis when we needed it and integration with our heterogeneous environments was very tricky,” said Jujhar Singh, Global Head of DevOps at The Economist. “Since moving to Logz.io, our teams spend much more of their time building better code, and I know the Logz.io platform will scale to any level we need. Plus, the additional AI capabilities Logz.io provides makes it much easier for my engineers to find and fix problem areas before they affect production.”
"The role machine data analysis plays in maximizing performance and minimizing downtime is unquestionable, but increasingly distributed environments and massive volumes of data make it nearly impossible for developers to keep up. 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,” says Tomer Levy, co-founder and CEO of Logz.io. “This new funding will enable us to double down on our product leadership to better serve our customers as well as enable more companies around the world to benefit from different open-source with Logz.io through our growing go-to-market and strategic partnerships.”
In addition to expanding their product offering, Logz.io plans to use the funding for expanding their partnerships with global technology leaders. The company recently announced a partnership with Microsoft Azure enabling customers to easily use open-source ELK on Azure. This partnership enables Logz.io to quickly address this underserved market and expand globally through the Microsoft sales team in six global regions. In addition, Logz.io recently expanded their AWS regional coverage across North America, Europe, and Australia. The company has offices in Tel Aviv and Boston and recently opened their European headquarters in London.
"Managing service reliability and security is a real resource sinkhole for technical teams," said Larry Bohn, Managing Director at General Catalyst. "Logz.io uses crowdsourcing and ML to up-level the efficiency and effectiveness of those teams. Customers rave and we think Logz.io has the potential to transform infrastructure management in the enterprise on down to early-stage startups.”
Logz.io is an intelligent and scalable machine data analytics platform built on ELK and Grafana that empowers engineers to monitor, troubleshoot, and secure mission-critical applications more effectively. Customers like Turner Broadcasting, Intel, and Rent-A-Center use Logz.io to analyze machine data at scale, driving higher reliability and spending less time troubleshooting issues while decreasing overall costs.
One Liberty Plaza - 165 Broadway
NY 10006 New York
GlobeNewswire is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.
Subscribe to releases from GlobeNewswire
Subscribe to all the latest releases from GlobeNewswire by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from GlobeNewswire
Avance Gas Holding Ltd - Notice of Annual General Meeting 202010.8.2020 19:16:03 CEST | Press release
Bermuda, 10 August 2020 - Avance Gas Holding Ltd (the "Company") annouces that its 2020 Annual General Meeting will be held on August 31, 2020. A copy of the Notice of Annual General Meeting and associated information including the Company's Consolidated Financial Statements for 2019 can be found on our website at www.avancegas.com and attached to this press release. For further queries, please contact: Peder C. G. Simonsen, interim CEO and CFO Tel: +47 22 00 48 15 Email: email@example.com ABOUT AVANCE GAS Avance Gas operates in the global market for transportation of liquefied petroleum gas (LPG). The Company is one of the world's leading owners and operators of very large gas carrier (VLGC), and operates a fleet of fourteen modern ships and two Dual Fuel LPG newbuildings due for delivery in 2021 and 2022. For more information about Avance Gas, please visit: www.avancegas.com. This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Secu
GOGL – Notice of Annual General Meeting 202010.8.2020 19:00:00 CEST | Press release
Golden Ocean Group Limited (the “Company”) announces that its 2020 Annual General Meeting will be held on August 31, 2020. A copy of the Notice of Annual General Meeting and associated information including the Company`s Consolidated Financial Statements on Form 20-F for 2019 can be found on our website at www.goldenocean.bm and in the links below. August 10, 2020 The Board of Directors Golden Ocean Group Limited Hamilton, Bermuda This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act Attachments GOGL - 2019 Form 20-FGOGL - Notice of Annual General Meeting 2020
FRO - Notice of Annual General Meeting 202010.8.2020 18:59:56 CEST | Press release
Frontline Ltd. (the “Company”) announces that its 2020 Annual General Meeting will be held on August 31, 2020. A copy of the Notice of Annual General Meeting and associated information including the Company’s Annual Report on Form 20-F for 2019 can be found on our website at www.frontline.bm and attached to this press release. August 10, 2020 The Board of Directors Frontline Ltd. Hamilton, Bermuda This information is subject to the disclosure requirements pursuant to section 5 -12 of the Norwegian Securities Trading Act. Attachments FRO - 2019 Annual Report on Form 20-FFRO - Notice of Annual General Meeting 2020
Updated: Verisk Launches EHR Triage Engine to Help Speed Approval of Life Insurance Applications10.8.2020 18:57:23 CEST | Press release
Powered by Consumer-Authorized Electronic Health Records, Verisk’s Innovative Solution Can Help Streamline Underwriting Decisions Jersey City, NJ, Aug. 10, 2020 (GLOBE NEWSWIRE) -- Verisk Launches EHR Triage Engine to Help Speed Approval of Life Insurance Applications Powered by Consumer-Authorized Electronic Health Records, Verisk’s Innovative Solution Can Help Streamline Underwriting Decisions JERSEY CITY, N.J., August 10, 2020 — Verisk (Nasdaq:VRSK), a leading data analytics provider, announced today the launch of its new EHR Triage Engine, a tool that uses data from consumer-authorized electronic health records (EHRs) to help life insurers fast-track many applications for coverage—potentially cutting decision time from weeks to minutes. The EHR Triage Engine bypasses manual workflows, leveraging advanced predictive analytics and automation to digitally ingest and analyze EHRs. The tool can evaluate 95,000 impairments in five minutes or less, so life insurers can qualify as much as
EVS Broadcast Equipment reports update of share buyback program10.8.2020 17:45:00 CEST | Press release
Publication on August 10, 2020, after market closing Regulated information – reporting share buyback EVS Broadcast Equipment S.A.: Euronext Brussels (EVS.BR), Bloomberg (EVS BB), Reuters (EVSB.BR) EVS reports update of share buyback program EVS Broadcast Equipment reports that the following transactions, conducted within the framework of the share buyback program announced on May 6, 2020, took place between August 3, 2020 and August 7, 2020. DateNumber of shares acquiredAverage price (EUR)Highest price (EUR)Lowest price (EUR)Total (EUR)03/08/20201,98815.147215.2615.02 30,113 04/08/20202,19815.250515.3815.10 33,521 05/08/20202,16915.088615.1815.00 32,727 06/08/20202,14015.009315.1214.80 32,120 07/08/20201,88615.084615.1615.00 28,450 Total10,381 15.1170 15.38 14.80 156,930 As of August 7, 2020, and since the start of the buyback program, EVS has bought 136,971 shares at an average price of EUR 15,6646, representing in total EUR 2,145,601. After aforementioned transactions the total numbe
TOUAX SCA announces that its subsidiary Touax Rail Ltd successfully signed a €81.9 million capital increase to accelerate the development of its freight railcar division in Europe and Asia10.8.2020 17:45:00 CEST | Press release
PRESS RELEASE Paris, August 10th, 2020. 5:45pm YOUR OPERATIONAL LEASING SOLUTION FOR SUSTAINABLE TRANSPORTATION TOUAX SCA announces that its subsidiary Touax Rail Ltd successfully signed a €81.9 million capital increase to accelerate the development of its freight railcar division in Europe and Asia Touax SCA announces today that its subsidiary Touax Rail Limited has entered into a final agreement with DIF Capital Partners to increase its capital by €81.9 million to accelerate the development of its long term leasing activities of freight wagons in Europe and Asia. Touax SCA will remain the main shareholder holding 51% of the capital and 49% will be owned by its new partner DIF Capital Partners, through its DIF Core Infrastructure Fund II. The transaction will be immediately accretive for Touax Rail Limited as proceeds will be used on the one hand to buy out minority shareholders in two special purpose companies owning c. 4,000 platforms and in Touax Rail India Limited, and to finance