Graylog, a global provider of next-generation log management solutions, today announced an $18 million growth equity round led by new investor Harbert Growth Partners and co-investor Piper Sandler Merchant Banking.
The round also included participation from existing investors Mercury Fund, High-Tech Gruenderfonds (HTGF), and Integr8d Capital. The investment will fuel the company’s growth plans and help further position it as a leader in the log management and analytics market.
“Graylog is well-positioned to be a long-term winner in the rapidly growing market for log management and analysis solutions,” said Brian Carney, General Partner, Harbert Growth Partners.
“With its focus on delivering a superior analyst experience coupled with a vibrant Open Source community, the company provides customers a compelling alternative to other log management solutions plagued with high complexity and high total cost of ownership (TCO). We are thrilled to partner with the Graylog team to leverage the significant opportunity that lies ahead for the company.”
“Our diligence showed a customer base that loves the blend of Graylog’s search and analysis experience, performance, scalability and overall flexibility. The company has a great foundation to build from and we’re thrilled to be part of the team,” said Bob rinek, Managing Director, Piper Sandler Merchant Banking.
Graylog continued to grow rapidly during the challenging business climate over the last year. The company recently expanded its European operations and won several awards, including Editor’s Choice for SIEM from Cyber Defense Magazine and the 2021 Gold Stevie Award for DevOps Solutions.
“This investment will enable us to accelerate our global go-to-market strategies and enhancements to the award-winning solutions we deliver for IT, DevOps, and Security teams,” said Andy Grolnick, CEO of Graylog. “We’re excited to have the support of new and existing investor partners to help us realize our potential.”
“As a long-standing customer, Graylog is strategic to our success. We are excited to see new investment that will enable the company to accelerate innovation and continue to deliver excellent log management and SIEM solutions,” said Rob Reiner, CTO, PROS.
This is a syndicated post. Read the original post at Source link .