HOUSTON \u2014 Gray\u00adlog, a global provi\u00adder of next-gene\u00adra\u00adtion log manage\u00adment solu\u00adti\u00adons, today announ\u00adced an $18 million growth capi\u00adtal round led by new inves\u00adtor Harbert Growth Part\u00adners and co-inves\u00adtor Piper Sand\u00adler Merchant Banking. \u2014 The round also included parti\u00adci\u00adpa\u00adtion from exis\u00adting inves\u00adtors Mercury Fund, High-Tech Gr\u00fcn\u00adder\u00adfonds (HTGF) and Integr8d Capi\u00adtal. The invest\u00adment will drive the company\u2019s growth plans and help further posi\u00adtion it as a market leader in log manage\u00adment and analytics.<\/p>\n
\u201cGray\u00adlog is well posi\u00adtio\u00adned to be a long-term winner in the fast-growing market for log manage\u00adment and analy\u00adtics solu\u00adti\u00adons. With its focus on deli\u00adve\u00adring a supe\u00adrior analyst expe\u00adri\u00adence combi\u00adned with a vibrant open source commu\u00adnity, the company offers custo\u00admers a compel\u00adling alter\u00adna\u00adtive to other log manage\u00adment solu\u00adti\u00adons plagued by high comple\u00adxity and high total cost of owner\u00adship (TCO). We are exci\u00adted to work with the Gray\u00adlog team to capi\u00adta\u00adlize on the signi\u00adfi\u00adcant oppor\u00adtu\u00adni\u00adties ahead for the company,\u201d Brian Carney, Gene\u00adral Part\u00adner, Harbert Growth Partners<\/p>\n
\u201cOur due dili\u00adgence reve\u00ada\u00adled a custo\u00admer base that loves Gray\u00adlo\u00adg\u2019s blend of search and analy\u00adtics exper\u00adtise, perfor\u00admance, scala\u00adbi\u00adlity and over\u00adall flexi\u00adbi\u00adlity. The company has a great foun\u00adda\u00adtion to build on and we are exci\u00adted to be part of the team,\u201d Bob Rinek, Mana\u00adging Direc\u00adtor, Piper Sand\u00adler Merchant Banking<\/p>\n
Gray\u00adlog contin\u00adued to grow rapidly during the chal\u00adlen\u00adging busi\u00adness climate last year. The company recently expan\u00added its Euro\u00adpean opera\u00adti\u00adons and recei\u00adved seve\u00adral awards, inclu\u00adding the Editor\u2019s Choice for SIEM from Cyber Defense Maga\u00adzine and the 2021 Gold Stevie Award for DevOps Solutions.<\/p>\n
\u201cThis invest\u00adment will enable us to acce\u00adle\u00adrate our global go-to-market stra\u00adte\u00adgies and the advance\u00adment of our award-winning solu\u00adti\u00adons for IT, DevOps and secu\u00adrity teams. We appre\u00adciate the support of new and exis\u00adting inves\u00adtors to help us realize our poten\u00adtial,\u201d Andy Grol\u00adnick, CEO of Graylog<\/p>\n
About Gray\u00adlog About Harbert Growth Partners<\/strong><\/p>\n Harbert Growth Part\u00adners (\u201cHGP\u201d) seeks to iden\u00adtify and invest in promi\u00adsing emer\u00adging growth-stage tech\u00adno\u00adlogy compa\u00adnies loca\u00adted in attrac\u00adtive inno\u00adva\u00adtion ecosys\u00adtems outside of Sili\u00adcon Valley. Based in Rich\u00admond, Virgi\u00adnia, the HGP team combi\u00adnes exten\u00adsive invest\u00adment, advi\u00adsory and opera\u00adtio\u00adnal expe\u00adri\u00adence with capi\u00adtal and an exten\u00adsive network to help promi\u00adsing entre\u00adpre\u00adneu\u00adrial teams successfully execute their growth plans. HGP seeks to invest in expe\u00adri\u00aden\u00adced entre\u00adpre\u00adneurs as well as compa\u00adnies with defen\u00adsi\u00adble posi\u00adti\u00adons in large and growing markets. www.harbert.net<\/p>\n More about Piper Sand\u00adler Merchant About High-Tech Gr\u00fcnderfonds HOUSTON \u2014 Gray\u00adlog, a global provi\u00adder of next-gene\u00adra\u00ad\u00adtion log manage\u00adment solu\u00adti\u00adons, today announ\u00adced an $18 million growth capi\u00adtal round led by new inves\u00adtor Harbert Growth Part\u00adners and co-inves\u00ad\u00adtor Piper Sand\u00adler Merchant Banking. \u2014 The round also included parti\u00adci\u00adpa\u00adtion from exis\u00adting inves\u00adtors Mercury Fund, High-Tech Gr\u00fcn\u00adder\u00adfonds (HTGF) and Integr8d Capi\u00adtal. The invest\u00adment will drive the company\u2019s [\u2026]<\/p>\n","protected":false},"author":2,"featured_media":37632,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"wp_typography_post_enhancements_disabled":false,"footnotes":""},"categories":[886,1364,1366,1369,1372,1373],"tags":[],"class_list":["post-40337","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general-en","category-featured-en","category-news-en","category-investors","category-consultant","category-venture-capital-en"],"yoast_head":"\n
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\nLog manage\u00adment done right. Gray\u00adlog is an award-winning, centra\u00adli\u00adzed log manage\u00adment solu\u00adtion used in more than 50,000 instal\u00adla\u00adti\u00adons world\u00adwide. It is desi\u00adgned for speed and scala\u00adbi\u00adlity in captu\u00adring, storing and analy\u00adzing tera\u00adbytes of machine data in real time. Gray\u00adlog is speci\u00adfi\u00adcally desi\u00adgned for modern log analy\u00adtics to provide a better user expe\u00adri\u00adence with a cost-effec\u00adtive and flexi\u00adble archi\u00adtec\u00adture. Hundreds of thou\u00adsands of users can use Gray\u00adlog to explore their data every day to solve secu\u00adrity, compli\u00adance, opera\u00adti\u00adons, and appli\u00adca\u00adtion deve\u00adlo\u00adp\u00adment issues. www.graylog.org<\/p>\n
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\nPiper Sand\u00adler Merchant Banking (PSMB) is part of the asset manage\u00adment busi\u00adness of Piper Sand\u00adler Compa\u00adnies (NYSE: PIPR) and acts as the private equity arm of the company. The group seeks invest\u00adments in private, commer\u00adci\u00adally focu\u00adsed compa\u00adnies with strong growth pros\u00adpects within indus\u00adtry sectors covered by Piper Sand\u00adler\u2019s equity rese\u00adarch and invest\u00adment banking resour\u00adces. PSMB provi\u00addes invest\u00adment advi\u00adsory services through its affi\u00adlia\u00adted regis\u00adtered invest\u00adment advi\u00adser, PSC Capi\u00adtal Part\u00adners LLC.<\/p>\n
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\nThe seed inves\u00adtor High-Tech Gr\u00fcn\u00adder\u00adfonds (HTGF) finan\u00adces tech\u00adno\u00adlogy start-ups with growth poten\u00adtial. With a volume of around EUR 900 million spread across three funds and an inter\u00adna\u00adtio\u00adnal part\u00adner network, HTGF has supported more than 600 start-ups since 2005. His team of expe\u00adri\u00aden\u00adced invest\u00adment mana\u00adgers and start-up experts supports the young compa\u00adnies with know-how, entre\u00adpre\u00adneu\u00adrial spirit and passion. The focus is on high-tech start-ups in the fields of digi\u00adtal tech, indus\u00adtrial tech, life scien\u00adces, chemis\u00adtry and rela\u00adted busi\u00adness areas. More than EUR 3 billion in capi\u00adtal has been inves\u00adted in the HTGF port\u00adfo\u00adlio by exter\u00adnal inves\u00adtors in more than 1,700 follow-on finan\u00adcing rounds to date.<\/p>\n","protected":false},"excerpt":{"rendered":"