LogLogic Raises $8.8 Million for IT Security Management Service
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LogLogic, a security and log management firm that helps companies sort though log data and manage their IT systems, has raised $8.8 million in an extended series D round of funding, led by Focus Ventures with Sequoia Capital, Telesoft Partners, Worldview Technology Partners, INVESCO Private Capital, SAP Ventures, CM-CIC Private Equity, Crédit Agricole Private Equity and ELAIA Partners participating. This brings LogLogic’s total funding to $58 million.
LogLogic plans to use the financing to fuel growth into new markets, including database activity monitoring. LogLogic recently acquired security management company, Exaprotect, for an undisclosed amount.
LogLogic offers companies a suite of software products that helps IT departments make sense of logs of IT audits, compliance, threats, and other operational data. Competitors in the secerity management space include RSA, IBM and ArcSight.
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