Graylog Raises $2.5 Million to Expand Open Source Big Data Analytics Platform

Date 2015/2/5 13:22:15 | Topic: Company News

Graylog, Inc., the company behind the popular Graylog open source log analysis platform, has announced that it has raised a $2.5M round of financing to accelerate product development and expand its commercial capabilities. Graylog will provide services and support to make it even easier for organizations to deploy Graylog in production, and to continue offering an affordable alternative to expensive machine data analysis platforms such as Splunk.
The round was led by the Mercury Fund, with participation from Crosslink Capital, Draper Associates and High-Tech Gründerfonds. The company also announced that Aziz Gilani, Partner of the Mercury Fund, has joined the company’s board of directors.

“Machine data is growing at an exponential rate within IT departments, yet the cost of deriving operational intelligence from logs has been prohibitive. Graylog was created as an open source platform to make big data analytics affordable so that more organizations can realize the benefits of collecting, storing, and analyzing log data to improve operational efficiency, security, and reduce the cost of IT,” said Michael Sklar, CEO of Graylog. “This funding will enable us to accelerate development, drive market adoption, and improve the value users get from the Graylog open source platform.”

“Innovation in IT operations analytics is being held back by pricing constraints and a lack of competition,” said Aziz Gilani, Partner of the Mercury Fund. “Graylog is in a position to disrupt this market with a big data platform that is enterprise-ready and has budget friendly pricing that encourages experimentation. We expect to see an explosion of new use cases since organizations of any size will be able to affordably apply analytics to a wider range of challenges.” 



This article comes from Software Development Tools
http://www.softdevtools.com

The URL for this story is:
http://www.softdevtools.com/modules/news/article.php?storyid=3595