Accel names Humio a Top 100 European SaaS company
Humio honored as a growing cloud company.
We’re proud to announce that the Accel venture capital firm has named Humio one of the Top 100 European SaaS companies!
Accel first shared their 2019 list of top companies at this year’s SaaStock in Dublin. Chosen in the developers/infrastructure/automation category, Humio is honored to be picked from a field of more than 1,500 qualifying cloud companies.
Each year Accel makes a list of top companies they expect to grow who have revenue between $1 million and $50 million-plus ARR. They choose based on market attractiveness, level of technology differentiation, strength of the team, and initial traction (monthly recurring revenues and growth in number of employees). Accel also worked with G2 to incorporate customer feedback into their process.
Humio is ready to grow
Past Top 100 recipients have shown tremendous growth. Companies from Accel’s 2017 Top 100 list have raised $4.6 billion, resulting in seven new billion-dollar startups.
Positioned as a paradigm-shifting log management software that costs a fraction of other popular options, Humio is prepared for rapid growth. Based on CPU savings from not indexing its databases and from compressing data, Humio also offers attractive increases in performance including unlimited ingest and real-time streaming data query.
The rise of European SaaS
Humio is part of a larger growth of European SaaS companies that are outpacing US growth. Venture investment in European SaaS has more than doubled in the last three years, going from $2 billion in 2016 to $5 billion in 2019.
Learn more about Humio
We’d like to thank all of our customers, partners, and staff who have contributed to our growth over the years. We’re honored to provide cloud and on-prem log management services for our customers large and small. Discover more about how we are enabling real-time observability of logs, efficiently, affordably, and at scale by reading our 100TB/day Scalability Benchmark, or visit us at Humio.com.
To find out more, read the article in Tech.eu: 2019 Accel Euroscape – The Rise of European SaaS Continues.