ALTERNATIVE FINANCING FORMS
FOR ENTREPRENEURS AND INVESTORS

News

Graylog closes $18 million growth capital round

Photo: Lenn­art Koop­mann, Foun­der and Chief Tech­no­logy Offi­cer of Graylog
26. June 2021

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

About 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.

Subscribe newsletter

Here you can read about the latest transactions, IPOs, private equity deals and venture capital investments, who has raised a new fund, how Buy & Build activities are going.

Get in touch

Contact us!
fyb [at] fyb.de