Funding

Loggly raises $11.5M

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What does Loggly do?

Loggly, is the leading cloud based, enterprise class log managing solution. It is the most popular cloud based log management solution in the world. More than 5,000 happy customers use this log management solution for effortlessly spotting problems in real time, easily identifying root cause and resolving issues faster to ensure application success. The company is backed by Trinity Ventures, Harmony Partners, True Ventures, Cisco, Matrix Partners, Data Collective Venture Capital and other companies.

How much Loggly was funded?

The company raised $11.5M in Series D on June 14, 2016 from Harmony Partners, Cisco, Matrix Partners, Trinity Ventures and True Ventures.

Previous funding

  • $500k on February 19, 2010 from True Ventures
  • $15M in Series C on October 14, 2014 from Harmony Partners, Trinity Ventures, Matrix Partners, True Ventures, Cisco and Data Collective
  • $10.5M in Series B on September 3, 2013 from True Ventures, Cisco, Data Collective, Matrix Partners and Trinity Ventures,
  • $9.9M in Series A on May 24, 2012 from True Ventures and Trinity Ventures

What is next for Loggly?

Loggly’s latest round of funding marks its continued momentum. It plans to use the latest funding raised for innovating and expanding sales and marketing activities. The funding enables the company in further accelerating innovation in powerful analytics, search capabilities, alerts and other key areas so that its customers can find the root causes quicker, spot anomalies earlier and monitor their applications and infrastructure’s health. The company has become increasingly cash efficient as a result of its growth in gross margin, recurring revenues and reduction in customer acquisition expenditure. Combined with record revenue growth from the existing and new customers, the company is expecting to achieve cash flow positive operation during the next year.

More about Loggly

Loggly was founded on August 1, 2009 by Jon Gifford, Raffael Marty and Kord Campbell. It has its headquarters in San Francisco, CA.

 

 

 

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