Loggly announced an $11.5 million funding round.
Led by True Ventures, the new round enables Loggly to continue to innovate as well as to expand sales and marketing activities. Additional investors include Matrix Partners, Cisco, Trinity Ventures, Harmony Partners and Data Collective Venture Capital.
“Following record growth and customer adoption, including reaching the 2,000 paid customer accounts milestone in Q1 2016, this next round of funding marks continued momentum for Loggly. True Ventures – and all Loggly investors – have set the stage for us to build on these achievements,” said Charlie Oppenheimer, CEO, Loggly. “This funding enables Loggly to further accelerate innovation in powerful analytics, alerts, search capabilities and other key areas so our customers can find root causes faster, spot anomalies earlier and monitor the health of their applications and infrastructure.”
Loggly has become increasingly cash efficient as a result of significant growth in recurring revenues, gross margin and reduction in customer acquisition costs. Combined with record revenue growth from both new and existing customers, the company expects to achieve cash-flow positive operations during 2017.
“True Ventures believes in taking bold risks and supporting our companies through their entire lifecycles,” said Puneet Agarwal, Partner, True Ventures. “We are excited to lead this next stage with Loggly and look forward to the continued innovation and growth.”
The Latest
According to Gartner, Inc. the following six trends will shape the future of cloud over the next four years, ultimately resulting in new ways of working that are digital in nature and transformative in impact ...
2020 was the equivalent of a wedding with a top-shelf open bar. As businesses scrambled to adjust to remote work, digital transformation accelerated at breakneck speed. New software categories emerged overnight. Tech stacks ballooned with all sorts of SaaS apps solving ALL the problems — often with little oversight or long-term integration planning, and yes frequently a lot of duplicated functionality ... But now the music's faded. The lights are on. Everyone from the CIO to the CFO is checking the bill. Welcome to the Great SaaS Hangover ...
Regardless of OpenShift being a scalable and flexible software, it can be a pain to monitor since complete visibility into the underlying operations is not guaranteed ... To effectively monitor an OpenShift environment, IT administrators should focus on these five key elements and their associated metrics ...
An overwhelming majority of IT leaders (95%) believe the upcoming wave of AI-powered digital transformation is set to be the most impactful and intensive seen thus far, according to The Science of Productivity: AI, Adoption, And Employee Experience, a new report from Nexthink ...
Overall outage frequency and the general level of reported severity continue to decline, according to the Outage Analysis 2025 from Uptime Institute. However, cyber security incidents are on the rise and often have severe, lasting impacts ...
In March, New Relic published the State of Observability for Media and Entertainment Report to share insights, data, and analysis into the adoption and business value of observability across the media and entertainment industry. Here are six key takeaways from the report ...
Regardless of their scale, business decisions often take time, effort, and a lot of back-and-forth discussion to reach any sort of actionable conclusion ... Any means of streamlining this process and getting from complex problems to optimal solutions more efficiently and reliably is key. How can organizations optimize their decision-making to save time and reduce excess effort from those involved? ...
As enterprises accelerate their cloud adoption strategies, CIOs are routinely exceeding their cloud budgets — a concern that's about to face additional pressure from an unexpected direction: uncertainty over semiconductor tariffs. The CIO Cloud Trends Survey & Report from Azul reveals the extent continued cloud investment despite cost overruns, and how organizations are attempting to bring spending under control ...
According to Auvik's 2025 IT Trends Report, 60% of IT professionals feel at least moderately burned out on the job, with 43% stating that their workload is contributing to work stress. At the same time, many IT professionals are naming AI and machine learning as key areas they'd most like to upskill ...
Businesses that face downtime or outages risk financial and reputational damage, as well as reducing partner, shareholder, and customer trust. One of the major challenges that enterprises face is implementing a robust business continuity plan. What's the solution? The answer may lie in disaster recovery tactics such as truly immutable storage and regular disaster recovery testing ...