Cloud Computing: Loggly Secures $15M Venture Round, Releases DevOps Troubleshooting Tool
October 15, 2014
Grazed from TalkinCloud. Author: CJ Arlotta.
Loggly has secured $15 million in new venture funding from private equity firms, and it has also released a new solution that aims to reduce the time developers spend on identifying and troubleshooting problems. Headquartered in San Francisco, the cloud-based log management solutions provider on Tuesday said it plans to use the additional funding to "support its areas of differentiation," which include engineering, sales and marketing.
Harmony Partners led the Series C financing round, while existing investors Matrix Partners, Trinity Ventures, Cisco (CSCO), Data Collective and True Ventures all increased the size of their investments. This funding round brings the company’s total financing to date to $33.4 million. Loggly received $8 million in Series B funding from investors in September 2013…
Read more from the source @ http://talkincloud.com/cloud-computing-funding-and-finance/101414/loggly-secures-15-series-c-financing-releases-problem-solving-so