Humio Raises $20 Million in Series B Funding
Log management platform Humio this week announced that it closed a $20 million Series B funding round, bringing the total investment raised to date to $32 million.
The Danish-based company provides a real-time observability solution for DevOps, ITOps, and security professionals, enabling data aggregation, exploration, reporting, and analysis from various sources. The platform aggregates log data from a company’s applications, desktops, servers, and devices.
Humio serves large organizations in the financial services, education, healthcare, and communications sectors, as well as cloud-based service providers, including Bloomberg, Netlify, HP Aruba, Michigan State University, SpareBank 1, and Vijilan.
The company says it has expanded its partner ecosystem with the addition of Optiv, Eversec, SHI, PagerDuty, Corelight, Instana, Tines, Netic, Kloia, Guidepoint, Confluent, Min.io, and many others.
The new funding, Humio says, will be used to increase capability to keep pace with demand worldwide, but also to expand the development of self-hosted and SaaS products.
In addition to the new funding round, Humio announced the Unlimited Ingest for the Cloud Plan, which is meant to change the cost of scaling to massive volumes in a SaaS environment, and which provides the same benefits as the current Unlimited Self-hosted Plan.
To extend the platform’s ease in scalability, Humio introduced Bucket Storage, which increases data storage and retention beyond 1 petabyte at low costs, to facilitate the handling of long retention and data volumes at scale.
“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.
The newly announced Series B funding round was led by Dell Technologies Capital, but also saw participation from existing investor Accel.