Hydrolix, a Portland, Oregon-based provider of a data lake platform to enhance the economics of log data, closed an $80m Series C funding round.
The round was led by QED Investors, joined by Blumberg Capital, Frontline Ventures, Pruven Capital and Sozo Ventures, alongside existing investors that include Akamai, AV8 Ventures, Ericsson Ventures, Nava Ventures, Oregon Venture Fund, S3 Ventures, Uncorrelated Ventures and Wing Venture Capital. Chuckie Reddy, QED partner and head of growth investments, will join the Hydrolix board as a director.
The company intends to use the funds to extend availability to additional cloud platforms for the biggest security, observability, adtech and RUM platforms, and expand the sources of data to ingest.
Led by Marty Kagan, co-founder and CEO, Hydrolix is a data lake platform that combines stream processing, decoupled storage, high-density compression and indexed search, to deliver real-time query performance at terabyte scale while reducing the cost to store and use log data. Companies worldwide deploy Hydrolix for a wide range of use cases, including security, observability, content delivery, digital advertising, AI/machine learning, and regulatory compliance. The solution is used by Fortune 500 companies across diverse industries.
A fully distributed company from its founding, Hydrolix has sales, service and engineering team members in 12 time zones across Asia, Europe, Oceania and South America.
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