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AI log analysis startup Logz.io Raises $52 Million

AI log analysis startup Logz.io Raises $52 Million

Logz.io’s open code system uses predictive analytics and machine-learning algorithms to detect and process meaningful data in information automatically generated by computer servers, applications, and network devices

Hagar Ravet  :  2019-05-29T16:00:06..
Tel Aviv-headquartered AI log analysis startup Logz.io, incorporated as LogsHero Ltd., has raised $52 million in a series D funding round led by Massachusetts-based venture capital firm General Catalyst, Logz.io announced Wednesday. The latest round brings the company’s total funding to date to around $100 million.

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Founded in 2014, Logz.io develops an open code system that uses predictive analytics and machine-learning algorithms to detect and process meaningful data in volumes of information automatically generated by computer servers, applications, and network devices.

Logz.io co-founders Asaf Yigal and Tomer Levy (right). Photo: PR Logz.io co-founders Asaf Yigal and Tomer Levy (right). Photo: PR Logz.io co-founders Asaf Yigal and Tomer Levy (right). Photo: PR

“Every product, including your phone right now, creates logs, every software reports back on what it has been up to,” Tomer Levy, co-founder and CEO of Logz.io, said in a phone interview with Calcalist Wednesday. There is no way to track the software’s operation other than going through every log, which can be a tedious task in a world where almost every action is processed by a computer, he explained.

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Logz.io employs 175 people in Tel Aviv and Boston and is currently setting up its European headquarters in London.  

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