Ericsson: Hydrolix Secures $80 Million to Scale Log Data Analytics Platform

Hydrolix has closed an $80 million Series C funding round led by QED Investors, with participation from Blumberg Capital, Frontline Ventures, Pruven Capital, Sozo Ventures, and existing backers including Akamai, AV8 Ventures, Ericsson Ventures, and others. As part of the investment, QED partner and Head of Growth Investments Chuckie Reddy will join Hydrolix's board of directors. The funding will be used to amplify Hydrolix's rapid growth, which includes an eightfold increase in sales over the past year. The Portland-based company offers a high-performance streaming data lake platform that reduces the cost and increases the efficiency of storing and analyzing massive [...]The post Hydrolix Secures $80 Million to Scale Log Data Analytics Platform first appeared on TFiR.