- Companies
- Logz.io
Logz.io Funding, Investors & Competitors
Logz.io has raised $122M across 6 funding rounds, most recently a $23M Series E in November 2020.
Last Logz.io funding round
$23M
Series E · Nov 2020
Cumulative funding Logz.io raised
$122M
across 6 funding rounds
Key investors in Logz.io
Giza Venture Capital
83North
OpenView
General Catalyst
Vintage Investment Partners
Alumni Ventures
Pitango VC
N47
About Logz.io
Logz.io is a Tel Aviv-headquartered cloud observability platform leveraging OpenSearch, Grafana, and machine learning for log, metrics, and trace analysis. It enables DevOps teams to monitor Kubernetes clusters, serverless functions, and hybrid clouds at scale. Clients including SAP, Deutsche Telekom, and Priceline use it to detect anomalies in real time and correlate events across microservices. Logz.io processes billions of events daily through its SaaS model with unlimited retention options. Founded in 2014, the platform integrates with AWS, Azure, and PagerDuty for automated alerting.
Founded
2014
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Subscription
Logz.io Funding History
Logz.io has raised a total of $122M across 6 funding rounds.
Logz.io's first fundraising round was a $1M seed round in February 2015. The most recent completed round was a $23M Series E in November 2020.
Logz.io funding rounds
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Nov 2020 | Series E | Pitango VC (lead); General Catalyst | $23M | Logz.io, founded in 2014 by Tomer Levy and Asaf Yigal, develops a cloud-native open-source platform for developers and DevOps teams that detects and alerts on current and future bugs using tools like Jaeger, Grafana, ELK, combined with AI and management features. The platform offers log management, infrastructure monitoring, distributed tracing, and cloud SIEM as fully managed services to simplify monitoring, troubleshooting, and securing distributed cloud workloads for engineering-driven companies like Siemens, Dish Network, ZipRecruiter, Turner Broadcasting, and Unity. It helps increase developer productivity, reduce issue resolution time, and enhance application performance and security. On November 24, 2020, Logz.io closed a $23 million Series E funding round led by Pitango Growth (Pitango VC), with participation from General Catalyst, who led the prior round. This brought total funding to over $120 million across six rounds. The smaller round size compared to the previous $52 million Series D in May 2019 was intentional to avoid excessive dilution amid Covid-19 uncertainty and ample capital availability, with the process taking just 2-3 weeks. Funds will support platform development, global go-to-market expansion, and hiring around 30 roles in marketing, sales, and engineering across Boston, Israel, and London offices. In 2020, Logz.io achieved record growth, adding a record number of new clients in the last two quarters, reaching over 800 active customers worldwide, amid market expansion driven by cloud migrations and companies going public. Pitango Growth partner Isaac Hillel highlighted Logz.io's strong revenue growth, customer acquisition track record, and potential to lead in observability platforms critical for digital business success. |
| May 2019 | Series D | General Catalyst (lead); OpenView; Greenspring Associates; N47; Vintage Investment Partners; Giza Venture Capital; 83North | $52M | Logz.io, a Boston- and Tel Aviv-based machine data analytics platform built on open source ELK Stack (Elasticsearch, Logstash, Kibana) and Prometheus, raised $52 million in a Series D funding round on May 29, 2019, led by General Catalyst with participation from OpenView Ventures, 83North, Giza Venture Capital, Vintage Investment Partners, Greenspring Associates, and Next47 (N47). The round brought total funding to nearly $100 million. The company provides cloud-native observability solutions combining scalability with AI-driven anomaly detection, troubleshooting, and security monitoring for modern applications, serving over 700 customers including Unity, British Airways, Symantec, Schneider Electric, and Bleacher Report. The funding was earmarked to enhance product offerings, expand internationally, grow headcount from 175 to 250 by year-end, invest in partnerships, and push open source innovation for developers. CEO Tomer Levy emphasized enabling engineers to use open source tools at scale for machine data analysis. General Catalyst's Larry Bohn highlighted Logz.io's use of crowdsourced ML to boost team efficiency in service reliability and security, positioning it to transform infrastructure management across enterprises and startups. The platform competes with Splunk and Sumo Logic in log management and monitoring. A later Series E in 2020 raised $23 million from Pitango Growth and others, with total funding exceeding $120 million by then. |
| Nov 2017 | Series C | OpenView (lead); Vintage Investment Partners; Giza Venture Capital; 83North | $23M | Logz.io, a provider of AI-powered log analysis platform built on open-source tools like Elasticsearch and Kibana, announced a $23 million Series C funding round on November 15, 2017, led by OpenView with participation from 83North, Giza Venture Capital, and new investor Vintage Investment Partners. This brought the company's total funding to $47 million. The round coincided with the release of new AI features, Logz.io Data Optimizer and Logz.io Application Insights, aimed at enhancing value from machine data in log analytics. The funding supported rapid company growth, including more than tripling revenue year-over-year, though specific revenue figures were not disclosed. Logz.io served over 400 enterprise customers such as Oracle, Intel, British Airways, and Electronic Arts at the time. Plans included product innovation, go-to-market expansion, scaling customer success, sales, and marketing teams, and doubling the Boston headcount from 25 to 50-60 employees, with global staff around 100. Logz.io positioned itself to disrupt traditional log analytics by offering scalable, cost-effective machine data analysis using machine learning for actionable insights across industries. CEO Tomer Levy emphasized outside-the-box thinking driving customer and partner ecosystem growth. OpenView's Jim Baum highlighted Logz.io's transformational impact on enterprise data value-cost dynamics. The company had previously raised $8 million in Series A (2015), $16 million Series B led by OpenView (2016), confirming the Series C investors and details. |
| Nov 2016 | Series B | OpenView (lead); Giza Venture Capital; 83North | $16M | Logz.io, an AI-powered log analytics platform based on the open source ELK Stack, closed a $16 million Series B funding round on November 15, 2016, led by OpenView with participation from 83North and Giza Venture Capital. The company, founded in 2014, had previously raised $8 million in seed and Series A funding in October 2015. At the time of the Series B, Logz.io served more than 1,000 companies across 80 countries, including Dyn, Turner Media, British Airways, ServiceNow, and Electronic Arts. Over the past four quarters leading up to the round, the company consistently doubled its revenue and customer count. The funding supported Logz.io's worldwide expansion and the addition of Bridget Gleason as VP of Sales to scale global teams. OpenView's Jim Baum joined the board. The platform featured AI-driven Cognitive Insights launched in August 2016, combining machine learning with human interaction for log data analysis, and was SOC II and ISO 27001 compliant as of May 2016. Logz.io aimed to automate DevOps and IT operations processes. |
| Oct 2015 | Series A | 83North (lead); Giza Venture Capital | $7M | Logz.io, a predictive ELK (Elasticsearch, Logstash, and Kibana) log analytics cloud service company, announced its Series A funding of $8 million in October 2015, led by venture capital firms 83North and Giza Venture Capital. The company, with offices in New York and Tel Aviv, was founded by CEO Tomer Levy and VP of Product Asaf Yigal. The platform delivered enterprise-grade log analytics capabilities powered by machine-learning algorithms designed to surface critical log events before impacting operations. At the time of the announcement, Logz.io had already achieved pre-launch traction with hundreds of companies using the platform, including notable customers such as Playbuzz, Asurion/Soluto, BigPanda, Mirakl, and Applicaster. The company planned to deploy the Series A capital toward product development and expansion of its sales, marketing, and support teams as it moved beyond its early customer phase. |
| Feb 2015 | Seed | Giza Venture Capital (lead); David Chang; Shereen Shermak; Alumni Ventures | $1M | - |
Who has invested in Logz.io?
11 investors have backed Logz.io across its funding rounds, including Giza Venture Capital, 83North, OpenView, General Catalyst, Vintage Investment Partners and Alumni Ventures.
Lead investors include Pitango VC, General Catalyst, OpenView, 83North and Giza Venture Capital.
Logz.io Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 5 | Lead | Feb 2015 | ||
| 4 | Lead | Oct 2015 | ||
| 3 | Lead | Nov 2016 | ||
| 2 | Lead | May 2019 | ||
| 2 | Participant | Nov 2017 | ||
| 1 | Participant | Feb 2015 | ||
| 1 | Participant | May 2019 | ||
| 1 | Lead | Nov 2020 | ||
| 1 | Participant | May 2019 | ||
This data is available for Pro users. Sign up to see all 11 Logz.io investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialLogz.io Competitors
Logz.io competitors include listed companies like Datadog, Dynatrace, ServiceNow and Elastic, and private ones like ClickHouse and Dataiku.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $3.4B | ($588K) | $85B | 19.4x | ||
| Publicly listed | $2B | $276M | $16B | 7.0x | ||
| Publicly listed | $13B | $2.6B | $143B | 9.6x | ||
| Private | $160M | - | $15B | 93.8x | ||
| Publicly listed | $1.7B | $35M | $9.3B | 4.6x | ||
| Private | $150M | - | $3.7B | 24.7x |
Logz.io Public Comps
Logz.io is still privately-owned, but its public comps include Oracle, Palantir, ServiceNow, Snowflake, Datadog, RELX, Strategy, MongoDB, VeriSign and Verisk Analytics.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $67B | $33B | 8.6x | 7.8x | 17.7x | 13.9x | |||
| $4.5B | $1.5B | 92.6x | 58.1x | 285.0x | 97.4x | |||
| $13B | $2.6B | 11.1x | 9.6x | 57.2x | 25.0x | |||
| $4.7B | ($1.3B) | 25.6x | 21.0x | (94.1x) | 121.7x | |||
| $3.4B | ($588K) | 23.6x | 19.4x | (137813.0x) | 77.6x | |||
| $13B | $4.9B | 5.5x | 5.3x | 14.4x | 13.2x | |||
| $477M | ($5.4B) | 149.4x | 144.4x | (13.1x) | (12.3x) | |||
| $2.5B | ($104M) | 11.9x | 10.4x | (282.5x) | 49.6x | |||
This data is available for Pro users. Sign up to see all Logz.io competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Logz.io
| When was Logz.io founded? | Logz.io was founded in 2014. |
| Where is Logz.io headquartered? | Logz.io is headquartered in Boston, MA, United States. |
| Is Logz.io publicly listed? | No, Logz.io is a private, VC-backed company. |
| How much funding has Logz.io raised? | Logz.io has raised $122M across 6 funding rounds. |
| What was Logz.io's last funding round? | Logz.io's last funding round was a $23M Series E in November 2020, led by Pitango VC. |
| Who are Logz.io's investors? | Logz.io's investors include Giza Venture Capital, 83North, OpenView, General Catalyst, Vintage Investment Partners, David Chang, Greenspring Associates, Pitango VC, N47, Shereen Shermak and 1 other. |
| Which companies are comparable to Logz.io? | Companies comparable to Logz.io include Datadog, Dynatrace, ServiceNow, ClickHouse, Elastic and Dataiku. |
See companies similar to Logz.io
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