November 1, 2023 at 07:09AM
Graylog, a SIEM and log management provider, has raised $39 million in funding from investors including Harbert Growth Partners, Piper Sandler Merchant Banking, and Silver Lake Waterman. The company’s centralized log management solution helps organizations capture, store, and analyze data from multiple sources, with additional security, compliance, and troubleshooting capabilities. The funding will support product development and global expansion. Graylog has experienced strong growth, particularly in Europe and Asia-Pacific, and recently entered the API security market through an acquisition.
Meeting Takeaways: Graylog, a security information and event management (SIEM) and log management provider, has successfully raised $39 million in funding. The investment round was led by Harbert Growth Partners, Piper Sandler Merchant Banking, and Silver Lake Waterman, bringing the total raised by the company to $66.5 million. Graylog offers organizations a centralized log management solution that allows them to capture, store, and analyze data from various sources. They also leverage AI and ML to provide security and compliance capabilities, as well as troubleshooting for IT performance issues. Graylog’s SIEM solution enables mid-enterprises to identify and respond to cyber threats across different environments. The new funding will support the company in accelerating product development and expanding its go-to-market operations globally. Over the past year, Graylog has experienced significant growth, expanded its presence in Europe and the Asia-Pacific markets, and expanded its offerings through the acquisition of Resurface.io’s API security platform.