Graylog, an open source log analysis platform, today announced that it has raised a $2.5 million round of financing to accelerate product development and expand its commercial capabilities.
The round was led by the Mercury Fund, with participation from Crosslink Capital, Draper Associates and High-Tech Gründerfonds. Graylog also announced that they will move their headquarters from Hamburg (Germany) to Houston (USA).
Founded in 2009, Graylog is offering an affordable alternative to expensive machine data analysis platforms such as Splunk. It’s a fully integrated platform for collecting, indexing, and analyzing both structured and unstructured data from almost any source.
“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. He continued: “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. He further explained: “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.”