London-Based Log Management Company Humio Announces $9 Million

By Noah Long ● Feb 1, 2019

Humio, a London-based company that offers log management for on-premises and cloud infrastructures, has raised $9 million in Series A funding led by Accel Partners. This round of funding will be used to grow the company’s ability to fulfill demand from customers around the globe and expand the development of its platform.

Enterprises building software applications need full visibility of their system’s behavior to immediately investigate and address issues. And this requires instantly viewing and searching all data and metrics regardless of where the application is hosted.

Founded in January 2016, Humio improves logging through flexibility and empowers live observability for customers. Humio democratizes this live observability in one solution by instantly collecting large volumes of log data and metrics and empowers all users to immediately understand and troubleshoot issues like performance concerns and security threats.

“As companies adopt complex computing environments, the struggle of gaining live insights based on real-time data is a massive challenge. Our platform is purpose-built for today’s modern environments. We are thrilled with the vast user enthusiasm received, rapid customer adoption, and deployment in many Fortune 500s, all of which contributed to our annual revenue increasing by over 13x this past year,” said Humio CEO Geeta Schmidt in a statement. “Accel is a veteran investor with a successful history in software. Their support is a strong endorsement and will be critical as we accelerate our growth globally.”

Humio’s customers include large organizations across a number of industries including financial services, online retail, communications, and cloud-based providers like Bloomberg, Microsoft, Netlify, Lunar Way, SpareBank 1, On the Dot, and Logibec.

“Humio’s speed and real-time query and dashboarding capabilities provide us with an invaluable tool to observe the overall health of our system,” added Netlify CEO and co-founder Mathias Biilmann Christensen. “We have been impressed with the ease of use and the ability to make complex ad-hoc queries on demand. Given the complex nature of our multi-cloud infrastructure, Humio is the best solution we have found to manage our growing logging needs.”

“Humio is completely rethinking how modern logging works to meet current customer environments, on prem or in the cloud, and users have been won over quickly by how delightful the solution is to use. This immediate adoption by the DevOps community shows how Humio is uniquely positioned to meet the growing needs of today’s developers, providing a highly effective and better value solution,” explained Andrei Brasoveanu, Accel, who will join the board. “We look forward to partnering closely with Humio to help drive further growth across the globe.”