Humio momentum is accelerated to provide more innovation, more products, and more value for customers
Secures $20M Series B from DTC and announces an industry-first Unlimited Ingest for the Cloud Plan
March 24th, 2020
Today we’re excited to announce that Humio secured funding from Dell Technologies Capital and Accel. The investment of $20 million builds upon the relationship we started with Accel and kicks off a new relationship with Dell Technologies Capital. Over the past year we’ve experienced tremendous growth – 550% year over year revenue growth, a 6.5 times increase. This new funding will boost this growth globally and increase the value for customers through further developments of the products.
“Humio’s next-generation log storage, analysis, and management architecture enables Global 2000 enterprises to ingest and analyze logs in real-time at a fraction of the cost of existing decades-old technologies. Some of the world’s largest enterprises are already using Humio enterprise-wide, and we are glad to aid Humio in their journey towards democratizing the log analytics world.”
Deepak Jeevankumar, Dell Technologies Capital Managing Director
The announcement of the first Unlimited Ingest Plan for the Cloud continues Humio’s path of introducing an industry-first, blazing a new SaaS option for cloud and hybrid cloud users. Our Unlimited Self-hosted Plan has removed the constraints of traditional logging and has changed the behaviors, strategies, and business processes around log management. It revolutionized how people pay for log management with fixed license rates for ingest and predictable linear scaling of storage costs. The Unlimited Ingest Plan for the Cloud will provide similar benefits to our customers logging at scale in the cloud. The new product will be available later this year.
“At Humio, we believe that the amount of data collected by customers should never be limited. Nearly two years ago we introduced the first Unlimited Ingest Plan for self-hosted deployments and we are thrilled to now bring the first Unlimited Ingest for the Cloud Plan.”
Geeta Schmidt, Humio CEO and co-founder
Humio’s index-free architecture changes the log management paradigm by returning log search results with sub-second latency, enabling users to instantly pinpoint availability concerns, identifying vulnerabilities in complex computing environments, and recover more quickly from incidents. Humo’s advanced compression and low costs enable users to log everything, and never miss a vital piece of data.
Thanks to Accel and Dell Technologies Capital for their guidance and support as we rapidly expand. Many thanks are also due to our customers and partners for collaborating with us on our journey. And finally, thank you to the team at Humio for their unwavering commitment to our customers. Your work drives our success and paves the way to a bright, unlimited future.
For more information about this announcement, see the following:
Humio.com: Why Unlimited?