Logz.io packages leading open-source monitoring tools into a unified, fully managed SaaS observability platform. Its four core products are Log Management built on ELK, Infrastructure Monitoring based on Grafana, Distributed Tracing based on Jaeger, and an ELK-based Cloud SIEM. The company supports over 800 customers globally and reported a record number of new customers in 2020, including customers such as Dish Networks, Siemens, Unity, and ZipRecruiter. Recent product activity includes the launch of a Jaeger-based Distributed Tracing solution and Smart Tiering log data management, alongside additions to its senior SaaS leadership team. Logz.io plans to use new capital to accelerate AI and machine learning product development, expand headcount, and propel global go-to-market activities. The company announced a $23 million financing that contributes to its stated available capital for growth and product investment. Logz.io packages popular open-source tools (Elasticsearch, Logstash, Kibana and Grafana) and offers them as an easy-to-consume cloud service for log management and analytics. Its platform intelligently scans logs for anomalies and surfaces issues to IT or security teams, integrating with incident tools such as PagerDuty. The company positions itself against legacy vendors like Splunk and Sumo Logic by building on an existing open-source developer community. Founder and CEO Tomer Levy says the product arose from problems the team experienced in prior roles. Logz.io reports about 700 customers, including Schneider Electric, The Economist and British Airways. The company has 175 employees and plans to grow headcount by an additional 250 by the end of the year. Financially, Logz.io announced a $52M Series D and has raised nearly $100M in total according to Crunchbase. Logz.io is an intelligent log analytics platform that combines the open-source ELK (Elasticsearch, Logstash, Kibana) stack as a cloud service with machine learning. It derives insights from machine data, user behavior and community knowledge to help organizations resolve issues faster and improve operations. Recent platform features include Application Insights for faster incident detection and Data Optimizer to reduce data-retention costs by identifying valuable logs and appropriate retention periods. The company serves enterprise customers including Oracle, Intel, British Airways and Electronic Arts. Led by CEO and co-founder Tomer Levy, Logz.io plans to use the new funding for go-to-market expansion and continued product innovation. Following the Series C, the company has raised $47M in total capital to date. Logz.io provides an AI-powered log analysis platform that combines machine learning and human interaction with the open-source ELK Stack delivered as a cloud service. Founded in October 2014 by CEO Tomer Levy, the company is based in New York City and Tel Aviv. It serves more than 1,000 companies across 80 countries, including Dyn, Turner Media, British Airways, ServiceNow, and Electronic Arts. Logz.io's automated scientific process uncovers overlooked events and provides context, severity, relevance, and actionable next steps for DevOps and IT operations. The company intends to use recent funding to scale globally and expand its worldwide sales organization. As part of that expansion it hired Bridget Gleason as VP of Sales and added Jim Baum of OpenView to its board. Logz.io offers the open-source ELK stack (Elasticsearch, Logstash, Kibana) as a predictive, enterprise-grade Software-as-a-Service platform. The service combines ELK with machine-learning algorithms to surface critical log events before they impact operations. The platform emphasizes simple setup, seamless scalability, enterprise-grade features, and strict security standards while leveraging open-source community innovations. Logz.io was led by co-founders Tomer Levy and Asaf Yigal, and the company described its technologies as similar to those used in Israeli naval warfare, positioning the product as "battle ready" for enterprises. Prior to launch the company onboarded hundreds of companies worldwide, with named users including Playbuzz, Asurion/Soluto, BigPanda, Mirakl and Applicaster; Playbuzz was noted as having tens of millions of unique visitors per month. The company announced an $8M financing to accelerate product development and to build sales, marketing, and support teams.

Total raised

$122M

Funding rounds

5

Latest round

Equity

Latest activity

Nov 2020