LogDNA, an intelligent logging system targeting DevOps teams, has closed $8.9 million ($7 million CAD) in Series A funding from Initialized Capital. LogDNA had previously closed a received $1.6 million CAD seed round from Initialized Capital (which features Reddit co-founder Alexis Ohanian), Skype co-founder Jaan Tallinn, and Tamares Group in July of last year.
LogDNA has seen 1,000 percent user growth in the last 12 months, surpassing 10,000 users.
Ryerson University grads Chris Nguyen and Lee Liu moved to Silicon Valley after a stint in Winter 2015 Y Combinator cohort. One pivot later the team was working on LogDNA. The company says its platform has seen 1,000 percent user growth in the last 12 months, with LogDNA surpassing 10,000 users.
“Many of our customers are logging 5-10 Terabytes a day; speed to debug production issues and our intuitive user interface are the primary reasons we’ve been able to quickly earn business from our competitors,” said Nguyen. “Our users tell us that we’re the iPhone of logging, whereas our competitors feel like a BlackBerry.”
LogDNA plans to use its new funding to invest in machine learning that will prevent server outages, deploy their software in any private cloud, and to expand their sales, marketing, and engineering team in California. The company hopes to release on-premise and private cloud access for larger enterprises in the next few months.
“There has been huge demand from larger enterprises requesting an on-premise version of LogDNA due to compliance and security reasons. We are HIPAA compliant for the healthcare industry with SOC2 and PCI certifications in progress for other industries” said Nguyen. “The winner of the logging space will have the best-secured hybrid solution for cloud and on-premise.”
