November 1, 2023 at 03:47PM
Graylog, a SIEM and log management company, has secured $39 million in funding from Silver Lake Waterman, Piper Sandler Merchant Banking, and Harbert Growth Partners. The company has experienced 67% new bookings growth year-to-date and expects to continue its momentum with focus on innovation, user experience, and strong execution. Graylog’s growth is also attributed to its SIEM solution and recent market expansion initiatives. The funding will be used to accelerate product development and scale global operations.
Meeting Notes:
– Graylog, the Security Information and Event Management (SIEM) and log management company, has secured $39 million in funding from new investor Silver Lake Waterman and existing investors Piper Sandler Merchant Banking and Harbert Growth Partners.
– In Q3 2023, Graylog reported 67% new bookings growth year-to-date compared to the previous year.
– Graylog attributes its growth to its SIEM solution, Graylog Security, which represents over 50% of new customers.
– The company recently entered the API Security market segment by acquiring Resurface.io’s API security platform.
– Graylog has expanded its presence in Europe and Asia Pacific.
– Graylog is now available on the AWS Marketplace to streamline procurement for customers worldwide.
– The new funding will be used to accelerate product development, scale global go-to-market operations, and bridge to profitability.
Key Takeaways:
1. Graylog has secured $39 million in funding from new and existing investors.
2. The company has experienced significant growth with 67% new bookings growth year-to-date.
3. The success of Graylog Security, a SIEM solution, has contributed to their growth.
4. Graylog has entered the API Security market segment through an acquisition.
5. The company has expanded its presence in Europe and Asia Pacific.
6. Graylog is now available on the AWS Marketplace for streamlined procurement.
7. The funding will be utilized for product development, go-to-market operations, and profitability.