LogDNA Logs On to $50 Million Series D

<p><strong>SAN FRANCISCO<&sol;strong> &&num;8212&semi; LogDNA&comma; which operates an observability data platform&comma; announced that cybersecurity investment and advisory firm NightDragon will lead a Series D funding round of &dollar;50 million with participation from existing investors Emergence and Initialized Capital&period;<&sol;p>&NewLine;<p>In November&comma; LogDNA made Deloitte’s 2021 Technology Fast 500&comma; which highlighted the company’s 1293&percnt; revenue growth from 2017 to 2020&period; The company has more than tripled its team over the past few years and it continues to expand its customer base&comma; which includes global technology brands like Lifesize and Reltio&comma; as well as major platforms and service providers such as IBM Cloud and Armor&period;<&sol;p>&NewLine;<p>With LogDNA’s cloud-first platform&comma; some of the world’s largest companies are able to manage and take concrete action on observability data in real time and at hyperscale&period; The need for this type of solution is at an all-time high&comma; and the LogDNA team sees a huge market opportunity to build on the platform’s existing capabilities&period; The investment will enable the company to deliver a more robust observability data pipeline solution that will empower builders — the application developers&comma; the site reliability engineers&comma; the platform engineers&comma; and the teams that make sure that what’s being built is secure — to harness the full power of machine data within their workflows&period;<&sol;p>&NewLine;<p>NightDragon co-founder and managing director&comma; Dave DeWalt&comma; who serves as vice chair for LogDNA’s Board of Directors&comma; said he sees this as an opportunity to rethink the paradigm around data&comma; especially for use cases like cybersecurity&period;<&sol;p>&NewLine;<p>&OpenCurlyDoubleQuote;Organizations need a comprehensive platform that ingests and normalizes massive amounts of data in the cloud and at hyperscale&period; With this type of platform&comma; stakeholders from the developer to the C-Suite are empowered to make smarter&comma; more cost-effective decisions and reduce the mean time to detection and remediation for cyberattacks&comma;” said Dave DeWalt&comma; Founder and Managing Director&comma; NightDragon&period; &OpenCurlyDoubleQuote;LogDNA has the right team and technology to address this challenge head on&period; NightDragon is proud to partner with them to accelerate their vision and help enterprises everywhere realize the true potential of data across their organizations&period;”<&sol;p>&NewLine;