Humio: Unlimited Log Data Management
May 6, 2020 | Scott Murphy
Log data allows companies to catalog time-specific errors that occur in their core applications. To best analyze this data, system operators use observability platforms to gain an end-to-end view of these processes. Establishing a level of cause and effect is key to addressing system errors.
Humio, an AVG portfolio company and a deal accessed by our Spike Ventures fund for the Stanford community, is addressing the most significant barrier to effective log management: cost. Humio’s platform allows companies to ingest and analyze log data as needed without worrying about price or data restrictions. With a unique market solution and significant growth, the company’s investor syndicate believes Humio could become a high-value company and industry leader.
Removing Cost Restrictions
Humio’s time-series logging and aggregation platform is designed to facilitate real-time observability through log data management. The platform can ingest massive volumes of log data instantly from on-premises and cloud infrastructures sources, allowing users to quickly perform data aggregation, exploration, reporting, and analysis. This empowers developers to perform real-time, hassle-free querying and log data ingestion.
What differentiates Humio’s platform is the company’s unlimited-tier option. With other observability platforms, operators have to weigh the amount of data collected with the cost to perform a full analysis. Humio’s flat-pricing model for high-volume data ingestion allows users to collect, search, and store terabytes of data without limits.
Despite competition in the observability platform space, Humio’s investor syndicate is led by established VCs with confidence in the company’s executive experience and market potential. Dell Technologies Capital, an experienced tech investor which led the company’s recent Series B round, is “bullish” on Humio’s chance of becoming a billion-dollar company. Dell was joined by Humio’s prior lead investor, Silicon Valley VC stalwart – Accel Partners.
Humio’s executive team features seasoned industry veterans with significant experience developing end-to-end software solutions. CEO Geeta Schmidt and CTO Kresten Krab Thorup previously held leadership roles at Trifork, which went public in 2007 with a $30 million valuation.
AVG accessed a deal with Humio through a relationship established by Spike Ventures (for the Stanford community). Raman Khanna, a professor at Stanford and board observer for Humio, referred the deal to Spike’s investment team. AVG’s funds frequently leverage alumni networks to access deals and build relationships with entrepreneurs and established VCs.
Spike Ventures and AVG deployed capital in a $20 million Series B round led by Dell, along with AVG’s Nassau Street Ventures (for the Princeton community), Towerview Ventures (for the Duke community), Triphammer Ventures (for the Cornell community), The Yard Ventures (for the Harvard community), and Total Access Fund.