LogTrust Announces $35 Million in Funding from Insight Venture Partners
Cloud Based Big Data Analytics Company to Accelerate Customer Adoption and Expand Market Reach
BOSTON, Sept. 27, 2017 /PRNewswire/ -- LogTrust, the fast insight big data analytics company, today announced it has closed a $35 million Series B round of financing led by new investor Insight Venture Partners. Current investor Kibo Ventures also participated in the round. Jeff Horing, co-founder and managing director of Insight Venture Partners, will join the LogTrust board of directors.
The scale and diversity of data created by digital transformation introduces a massive business visibility challenge for enterprises. LogTrust unifies and enhances machine, business and operational data for better business insight, decision making and actionability. "Speed to insight, scale and operational costs are the Achilles heel of traditional big data approaches," said Horing. "LogTrust has built a cloud based solution that fundamentally changes the speed, scale, and operation cost equation of big data analytics. Insight is proud to partner with LogTrust in this next phase of growth."
LogTrust provides an easy to use, big data analytics platform that requires zero DevOps resources to maintain. The speed of real-time and historical analytics remains absolutely constant, regardless of ingestion rate or amount of data collected. Customers are able to focus on big data applications, visualization of data and business insights, rather than the operational costs of scaling a big data platform.
LogTrust was also the first to introduce data modeling at query time. The LogTrust approach enables customers to adapt analytics over time as they learn about their business needs and KPIs while leaving the original collected data unchanged. All without needing to perform costly re-indexing.
"We are very excited to have Insight be part of this next stage of LogTrust growth," said Pedro Castillo, founder and CEO of LogTrust. "Their expertise in helping innovative companies scale is exactly why we decided to partner with them."
About LogTrust
LogTrust, the fast insight big data analytics company, is the leading cloud based big data analytics platform for the digitized enterprise. By combining machine, business and operational data from across the organization, LogTrust provides a complete and unified view of business operations. The LogTrust cloud solution unifies, enhances and analyzes data at scale, enabling the largest organizations in the world to make informed business decisions. For more information visit www.logtrust.com.
SOURCE LogTrust
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