Logz.io, a Boston, MA. and Tel Aviv, Israel-based cloud-native observability platform for modern DevOps teams, raised $23m in funding.
The round was led by Pitango Growth, with participation from existing investors.
The company intends to use the funds to accelerate product development initiatives around AI and Machine Learning, expand headcount and go-to-market activities around the globe.
Led by Tomer Levy, CEO, Jonah Kowall, CTO, Brian Cohen, CFO, and Guy Hilton, CMO, Logz.io provides a cloud native unified, open source observability platform for log, metrics and tracing analytics to make production monitoring and troubleshooting easier and more cost-effective.
The system includes four core products:
- Log Management built on ELK,
- Infrastructure Monitoring based on open source Grafana,
- Distributed Tracing based on Jaeger, and
- an ELK-based Cloud SIEM.
These products are offered as a fully managed, highly integrated platform to help engineers monitor, troubleshoot and secure their distributed cloud workloads more effectively.
The company acquired a record number of new customers in 2020, and now supports over 800 customers around the globe including industry leading companies such as Dish Networks, Siemens, Unity and ZipRecruiter.
FinSMEs
24/11/2020