Hydrolix, a Portland, Ore.-based streaming data lake platform, closed a $35m Series B funding.
The round was led by S3 Ventures. Prior investors such as Nava Ventures, Wing Ventures, AV8 Ventures and Oregon Venture Fund also participated in this round, which brought the company’s total funding to date to $68m.
Co-founded by Marty Kagan and Hasan Alayli in 2018, Hydrolix offers a streaming data lake built to power log-intensive applications. The software combines real-time stream processing, low-latency indexed search, decoupled storage and high-density compression to create a high-performance, lower-cost data management platform designed to handle the hyper-growth industry demand for long-term data retention.
Hydrolix software is applicable to a wide range of use cases that require both real-time analysis of high volume streaming logs and ad hoc analysis across years of raw data. With it, companies can make use of all their data, whether it is a few seconds or a few years old. Use cases include cybersecurity, observability, content delivery, digital advertising, AI/machine learning and regulatory compliance.
The company today has more than 80 customers, including many of the world’s leading media, gaming and telecommunications brands.
FinSMEs
22/05/2024