What does Hydrolix do?
Hydrolix offers a data lake platform designed to enhance the economics of log data through a combination of stream processing, decoupled storage, high-density compression, and indexed search. This technology delivers real-time query performance at terabyte scales while significantly reducing the cost of storing and analyzing log data. Its solutions are used by Fortune 500 companies for diverse applications including security, observability, content delivery, digital advertising, AI/machine learning, and regulatory compliance.
How much did they raise?
The company closed an $80M Series C funding round led by QED Investors, with additional participation from Blumberg Capital, Frontline Ventures, Pruven Capital, Sozo Ventures, and other existing investors such as Akamai, AV8 Ventures, Ericsson Ventures, Nava Ventures, Oregon Venture Fund, S3 Ventures, Uncorrelated Ventures, and Wing Venture Capital. Chuckie Reddy, QED's partner and head of growth investments, will join the board as a director.
What are their plans for the money?
Hydrolix plans to use the funds to extend its platform’s availability to additional cloud platforms and to broaden the spectrum of data sources it can ingest. This expansion is expected to enhance the capabilities of major security, observability, adtech, and RUM platforms, ultimately driving innovation and improving service delivery for its global clientele.
What have they achieved so far?
The company has already established a strong international presence, operating as a fully distributed organization with team members across 12 time zones in Asia, Europe, Oceania, and South America, and has successfully implemented its platform across a range of industries for leading Fortune 500 companies.
