San Francisco, CA ; 03/25/2020
Amount Funded: $20 Million
Type: Series B
Lead Investor: Dell Technologies Capital
Participating Investor(s): Accel
Total Funding to Date: $32 Million
Company Description: Humio’s log management platform offers the lowest total cost of ownership, industry-leading unlimited plans, minimal maintenance and training costs, and remarkably low compute and storage requirements. Humio is the only log management solution that enables customers to log everything to answer anything in real time — at scale, self-hosted or in the cloud. Humio’s modern, index-free architecture makes exploring and investigating all data blazing fast, even at scale.
What funding will be used for: Increase company’s capabilites to compete in global markets, expand development of its self-hosted and SaaS products.
“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. By providing the lowest total cost of ownership, industry-leading unlimited plans, minimal maintenance and training costs, and remarkably low compute and storage requirements, we’ve succeeded in driving rapid user adoption. Humio has experienced unstoppable momentum as seen with 550% year-over-year revenue growth, a 6.5 times increase over this time last year. The addition of Dell Technologies Capital to our existing investor, Accel, is further validation for Humio and the value we bring to customers. DTC’s guidance and support will be critical as Humio continues to scale, mature, and succeed.”
-Geeta Schmidt, CEO/co-founder, Humio
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