Cisco and Data Collective Venture Capital (DCVC) led the round, which brought Loggly total funding to $20.9m thanks to previous investment from True Ventures, Trinity Ventures and Matrix Partners.
The San Francisco-based business has grown by five times over the past year according to a release from the company.
DCVC co-managing partner Matt Ocko said, “We’re at the beginning stages of a massive shift taking place in the way companies both view data as key to their success and are comfortable with this critical data residing in the cloud.
“Log data is some of the most foundational and valuable data that companies generate, and it is increasingly cloud-first.
“Loggly is the first company to truly understand this shift and implement a solution tailor-made for cloud-first organizations.
“With thousands of customers, a drop-dead awesome product addressing a huge market, and proven leadership, Loggly has exactly the combination of assets we look for in an investment.”
Trinity Venture general partner Dan Scholnick added, “Cloud-based IT solutions are democratizing IT and bringing powerful solutions to companies that don’t want the cost and complexity of legacy software systems.
“We’ve seen other high-performing companies across our portfolio like New Relic, MongoHQ, StackMob and dotCloud leverage this strategy to successfully reach tens of thousands of customers.
“We couldn’t be more excited to watch the same process unfold at Loggly.”
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