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Logz.io raises $23 million

By TechTaffy Desk

Logz.io, a provider of AI-powered log analysis, has raised $23 million in Series C funding. The investment was led by OpenView, with participation from 83North, Giza and new investor Vintage Investment Partners.

Logz.io is an intelligent log analytics platform that combines advanced machine learning with the open-source ELK (Elasticsearch, Logstash, Kibana) stack. Its customers include Oracle, Intel, British Airways and Electronic Arts, according to the company.

Logz.io says it plans to double its current footprint in Boston, its US headquarters where 25 of its 100 employees are based, over the next 12 months.

The company has raised $47 million to date.

[Image courtesy: Logz.io]

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