Graylog closes $18 million growth capital round
HOUSTON — Graylog, a global provider of next-generation log management solutions, today announced an $18 million growth capital round led by new investor Harbert Growth Partners and co-investor Piper Sandler Merchant Banking. — The round also included participation from existing investors Mercury Fund, High-Tech Gründerfonds (HTGF) and Integr8d Capital. The investment will drive the company’s growth plans and help further position it as a market leader in log management and analytics.
“Graylog is well positioned to be a long-term winner in the fast-growing market for log management and analytics solutions. With its focus on delivering a superior analyst experience combined with a vibrant open source community, the company offers customers a compelling alternative to other log management solutions plagued by high complexity and high total cost of ownership (TCO). We are excited to work with the Graylog team to capitalize on the significant opportunities ahead for the company,” Brian Carney, General Partner, Harbert Growth Partners
“Our due diligence revealed a customer base that loves Graylog’s blend of search and analytics expertise, performance, scalability and overall flexibility. The company has a great foundation to build on and we are excited to be part of the team,” Bob Rinek, Managing Director, Piper Sandler Merchant Banking
Graylog continued to grow rapidly during the challenging business climate last year. The company recently expanded its European operations and received several awards, including the Editor’s Choice for SIEM from Cyber Defense Magazine and the 2021 Gold Stevie Award for DevOps Solutions.
“This investment will enable us to accelerate our global go-to-market strategies and the advancement of our award-winning solutions for IT, DevOps and security teams. We appreciate the support of new and existing investors to help us realize our potential,” Andy Grolnick, CEO of Graylog
Log management done right. Graylog is an award-winning, centralized log management solution used in more than 50,000 installations worldwide. It is designed for speed and scalability in capturing, storing and analyzing terabytes of machine data in real time. Graylog is specifically designed for modern log analytics to provide a better user experience with a cost-effective and flexible architecture. Hundreds of thousands of users can use Graylog to explore their data every day to solve security, compliance, operations, and application development issues. www.graylog.org
About Harbert Growth Partners
Harbert Growth Partners (“HGP”) seeks to identify and invest in promising emerging growth-stage technology companies located in attractive innovation ecosystems outside of Silicon Valley. Based in Richmond, Virginia, the HGP team combines extensive investment, advisory and operational experience with capital and an extensive network to help promising entrepreneurial teams successfully execute their growth plans. HGP seeks to invest in experienced entrepreneurs as well as companies with defensible positions in large and growing markets. www.harbert.net
More about Piper Sandler Merchant
Piper Sandler Merchant Banking (PSMB) is part of the asset management business of Piper Sandler Companies (NYSE: PIPR) and acts as the private equity arm of the company. The group seeks investments in private, commercially focused companies with strong growth prospects within industry sectors covered by Piper Sandler’s equity research and investment banking resources. PSMB provides investment advisory services through its affiliated registered investment adviser, PSC Capital Partners LLC.
About High-Tech Gründerfonds
The seed investor High-Tech Gründerfonds (HTGF) finances technology start-ups with growth potential. With a volume of around EUR 900 million spread across three funds and an international partner network, HTGF has supported more than 600 start-ups since 2005. His team of experienced investment managers and start-up experts supports the young companies with know-how, entrepreneurial spirit and passion. The focus is on high-tech start-ups in the fields of digital tech, industrial tech, life sciences, chemistry and related business areas. More than EUR 3 billion in capital has been invested in the HTGF portfolio by external investors in more than 1,700 follow-on financing rounds to date.