Hydrolix, a Portland, Oregon-based supplier of an information lake platform to reinforce the economics of log information, closed an $80m Sequence C funding spherical.
The spherical was led by QED Buyers, joined by Blumberg Capital, Frontline Ventures, Pruven Capital and Sozo Ventures, alongside current buyers that embrace Akamai, AV8 Ventures, Ericsson Ventures, Nava Ventures, Oregon Enterprise Fund, S3 Ventures, Uncorrelated Ventures and Wing Enterprise Capital. Chuckie Reddy, QED companion and head of progress investments, will be a part of the Hydrolix board as a director.
The corporate intends to make use of the funds to increase availability to further cloud platforms for the most important safety, observability, adtech and RUM platforms, and broaden the sources of information to ingest.
Led by Marty Kagan, co-founder and CEO, Hydrolix is an information lake platform that mixes stream processing, decoupled storage, high-density compression and listed search, to ship real-time question efficiency at terabyte scale whereas lowering the price to retailer and use log information. Firms worldwide deploy Hydrolix for a variety of use circumstances, together with safety, observability, content material supply, digital promoting, AI/machine studying, and regulatory compliance. The answer is utilized by Fortune 500 corporations throughout various industries.
A completely distributed firm from its founding, Hydrolix has gross sales, service and engineering group members in 12 time zones throughout Asia, Europe, Oceania and South America.
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