THANK YOU FOR SUBSCRIBING
Humio is the only log management platform enabling complete observability for all streaming logs in real-time, self-hosted, or the cloud. The company also announced its Unlimited Ingest for the Cloud Plan
Fremont, CA: Log management platform Humio secured USD 20 million in Series B round of financing led by Dell Technologies Capital. The funding round was participated by existing investor, Accel. The new funding round takes the company's total raised capital to USD 32 million. The proceeds of the round will be used to enhance the company's capabilities to keep pace with demand across global markets and expand the development of its self-hosted and SaaS products.
"At Humio, we believe that the amount of data collected by customers should never be limited. Nearly two years ago, we introduced the first Unlimited Ingest Plan for self-hosted deployments, and we are thrilled to now bring the first Unlimited Ingest Plans for Cloud," said Geeta Schmidt, CEO, and co-founder at Humio. "By providing the lowest total cost of ownership, industry-leading unlimited plans, minimal maintenance, and training costs, and remarkably low compute and storage requirements, we've succeeded in driving rapid user adoption. Humio has experienced unstoppable momentum as seen with 550 percent year-over-year revenue growth, a 6.5 times increase over this time last year. The addition of Dell Technologies Capital to our existing investor, Accel, is further validation for Humio and the value we bring to customers. DTC's guidance and support will be critical as Humio continues to scale, mature, and succeed."
Stay ahead of the industry with exclusive feature stories on the top companies, expert insights and the latest news delivered straight to your inbox. Subscribe today.
Humio is the only log management platform enabling complete observability for all streaming logs in real-time, self-hosted, or the cloud. The company also announced its Unlimited Ingest for the Cloud Plan. The Unlimited Ingest complements the company's current Unlimited Self-hosted plan by significantly changing the cost of scaling to massive volumes in a SaaS environment, and giving customers similar benefits as Humio's Unlimited Self-hosted Plan.
"Humio's next-generation log storage, analysis, and management architecture enable Global 2000 enterprises to ingest and analyze logs in real-time at a fraction of the cost of existing decades-old technologies," said Deepak Jeevankumar, managing director, Dell Technologies Capital. "Some of the world's largest enterprises are already using Humio enterprise-wide, and we are glad to aid Humio in their journey towards democratizing the log analytics world."
See also: Top Data Analytics Solution Companies
More in News