Software Startup Brings In $23 Million

Logz.io announced the completion of $23 million in Series C financing, led by OpenView Venture Partners, with participation from 83North, Giza Capital, and Vintage Venture Partners.

Logz.io uses predictive analytics and machine-learning algorithms to find and predict critical events in the information generated in IT environments by servers, applications, and network devices. Created by a Check Point veteran and a former algorithm engineer for the Israeli military, the enterprise-grade, cloud-based SaaS platform is built on top of ELK (Elasticsearch, Logstash, and Kibana) – an open-source log analytics software stack – and provides real-time access to data insights based on the collaborative knowledge of system administrators, DevOps engineers, and developers throughout the world.

The company also released its application insights and data optimizer.