Hydrolix snares $10M seed to lower the cost of processing log data at scale
Many companies spend a significant amount of money and resources processing data from logs, traces and metrics, forcing them to make trade-offs about how much to collect and store. Hydrolix, an early-stage startup, announced a $10 million seed round today to help tackle logging at scale, while using unique technology to lower the cost of storing and querying this data.
Wing Venture Capital led the round with help from AV8 Ventures, Oregon Venture Fund and Silicon Valley Data Capital.
Company CEO and co-founder Marty Kagan noted that in his previous roles, he saw organizations with tons of data in logs, metrics and traces that could be valuable to various parts of the company, but most organizations couldn’t afford the high cost to maintain these records for very long due to the incredible volume of data involved. He started Hydrolix because he wanted to change the economics to make it easier to store and