Logz.io, a Boston, MA-based provider of AI-powered log analysis, raised $23m in Series C funding.
The round, which brought the total capital raised to-date to $47m, was led by OpenView, with participation from 83North, Giza and new investor Vintage Investment Partners.
The company intends to use the funds for go-to-market expansion and investment in product innovation.
Led by Tomer Levy, CEO and co-founder, Logz.io Logz.io is an intelligent log analytics platform that combines the open-source ELK (Elasticsearch, Logstash, Kibana) stack as a cloud service and machine learning. It derives insights from machine data, user behavior and community knowledge in a scalable, production-ready platform that enables organizations to resolve issues faster and take operations to the next level. The platform’s new features include Application Insights, which enables faster incident detection and resolution of critical application issues, and Data Optimizer, which empowers enterprises to reduce the cost of data retention by determining which logs have value and how long they should be stored.
The company’s customers include enterprises like Oracle, Intel, British Airways and Electronic Arts, among others.