Loggly Seals $5.7M


Loggly, a developer of online log management technology, has inked a $5.7 million infusion from True Ventures, Trinity Ventures, and Matrix Partners. The money will help San Francisco-based Loggly expand its team. Loggly also announced Tuesday that it appointed Charlie Oppenheimer as chief executive officer and Jim Nisbet as chief technology officer and vice president of engineering.

PRESS RELEASE

Loggly, the leader in online log management, announced today that it has received a $5.7 million investment from True Ventures, Trinity Ventures, and Matrix Partners. The new funding will be used to expand the team and accelerate its rapid growth that has seen its business surge to 2,500 customers in just two years.

 

Loggly also announced today that it has appointed Charlie Oppenheimer as chief executive officer and Jim Nisbet as chief technology officer and vice president of engineering. A former CEO of software companies Digital Fountain (acquired by Qualcomm) and Aptiva (acquired by Yahoo!), Oppenheimer is a proven leader with a track record for building successful technology companies. Most recently, Charlie was an Executive-in-Residence at Matrix Partners where he evaluated new investment opportunities and advised early-stage companies.

 

Nisbet is a veteran technologist, having held chief technology officer roles at RSA, Tablus and DataTools. Nisbet, also a successful entrepreneur, has founded two software companies that were each acquired by public companies BMC and RSA, respectively.

 

“As companies tire of managing expensive, on-premise log management systems, they are beating a path to Loggly in favor of its easy-to-use, cloud-based service,” said Dan Scholnick, General Partner, Trinity Ventures. “Loggly helps companies identify brewing issues and avoid expensive software outages before they occur.”

 

“Loggly has enjoyed tremendous success to date and we can think of no better leader to expand the company than Charlie. He is customer-focused, knows how to scale and appreciates the massive opportunity for Loggly,” said Puneet Agarwal, General Partner, True Ventures.

 

“Loggly is the most popular online log management service thanks to its simplicity, speed and scale,” said Charlie Oppenheimer. “Credit goes to the phenomenal technical team led by Loggly co-founder and Chief Search Officer Jon Gifford, one of the most experienced search technologists on the planet. The team, which includes veterans from Splunk and LookSmart, has created a system that indexes more data than Twitter. With the addition of Jim, the company is well positioned to accelerate its dramatic growth.”

 

About Loggly

 

With over 2,500 customers, Loggly is the world’s most popular online log management service. Offered as a cloud-based Software-as-a-Service solution (Saas), Loggly is simple, scalable and fast. Growing online businesses rely on Loggly to simplify log management and investigate brewing issues and trends. Loggly collects and analyzes machine data from any application source including cloud-based, on-premise, and mobile. Based in San Francisco, the company is backed by True Ventures, Trinity Ventures and Matrix Partners.

 

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