Logentries, a Boston, MA-based service provider for collecting and analyzing log data, closed a $10m Series A financing.
The round was led by Polaris Partners with participation from Floodgate, Frontline Ventures and RRE Ventures.
The company intends to use the capital to accelerate product development and go to market.
Founded in 2010 by chief research officer Dr. Trevor Parsons and now led by newly named president and CEO Andrew Burton, Logentries provides a cloud-based service for collecting and analyzing huge quantities of machine-generated log data.
Emerged from advanced academic research and in collaboration with IBM and European innovation centers, Logentries collects, analyzes and produces insights from the huge quantities of machine- generated log data from the computers, servers, and other hardware and software systems running in the cloud or within a data center environment. Log files are filtered, pre-processed and correlated up front for retrieval of the individual log entries that matter most. Then, this pre-processing is combined with a collective insights model that enables relevant information to be dynamically tagged, automatically routed, and shared across teams and computing platforms.
Incubated in Dogpatch Labs, Dublin, the company currently actively serves over 10,000 users in more than 100 countries. It has offices in Dublin and Prague.
FinSMEs
01/10/2013