Hydrolix Closes $80 Million Series C to Control Ballooning Log Data Storage Cost and Boost Analytics Performance in the AI Age
- Editor
- 7 days ago
- 1 min read
Whats Happening:
Hydrolix, a Portland-based startup, has secured $80 million in Series C funding led by QED Investors. The company's platform addresses the challenge of managing and analyzing large volumes of log data, crucial for security, compliance, and service performance. Hydrolix has experienced significant growth, with an eightfold increase in sales over the past year.
Key Moves:
Hydrolix raises $80 million in Series C funding led by QED Investors
Company reports eightfold sales increase in the past year
Expands partnerships with Akamai, Amazon Web Services, and Splunk
By The Numbers:
$80 million raised in Series C funding
8x sales increase in the past year
Over 40% of revenue earned from international customers
Key Quotes:
"This round builds on the discovery that 400-plus new Hydrolix customers have made in the past year," - Marty Kagan, co-founder and CEO of Hydrolix
"At QED, we believe data is one of the most powerful assets to a business, especially in the fintech industry," - Chuckie Reddy, QED partner and head of growth investments
"Hydrolix has created a product to uniquely solve just this problem." - Nigel Morris, co-founder and managing partner at QED Investors
Bottom Line:
Hydrolix's $80 million Series C funding round underscores the growing demand for efficient log data management and analytics solutions. The company's rapid growth and expanding partnerships position it to address critical needs in security, observability, and other data-intensive industries, potentially reshaping the economics of log data retention and analysis.
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