Real-time search and analytics platform donor Elasticsearch has raised a $70 million progression C funding on all sides, led by new-found project links with added participation from point of reference investment and directory Ventures. Elasticsearch was born such as a search company but nowadays offers a rounded solution to extract meaningful insights from whopping data.
Its know-how, used by the likes of Foursquare, SoundCloud and GitHub, is an wide open source search and analytics engine, and the company boasts 8 million add up to downloads on behalf of its three soul products: Elasticsearch on behalf of Search, Logstash on behalf of centralized log data and Kibana on behalf of real-time analysis of streaming data. Kibana can be situated used to create time-based comparisons and to usually understand heavy volumes of data. Combined, the three products form I beg your pardon? The company calls the ELK stack.
The most modern funding on all sides is a whopping force behind its know-how. The money preference grow towards marketing the solutions, continued outcome development and opening out of the startup’s sales organization.
Hassle Weller, broad partner on NEA who has attached the Elasticsearch board of directors, NEA had been watching the startup on behalf of about point in time nowadays. “It’s rare to get the message a company not solitary grasp developers excited by their know-how but besides go successfully into the project, and we get the message massive opportunities on an even broader level. We anticipation to provide wealth and guidance to help Elasticsearch carry on down this path, delivering on the hint at whopping data companies grasp been dancing around on behalf of years.”
Elasticsearch has made a handle on behalf of itself powering real-time search functionality on several fashionable social media and retail applications, but it is expanding quickly into the project freedom on behalf of backend data analytics. The customer stand has adult seven-fold, according to the vendor. Its topical whopping wins include Comcast, eBay, Facebook, Mayo Clinic and Tinder.
The company’s talent stand has besides been expanding. It recently added past talent from Box, Citrix, Splunk and VMware to the team.
Founded appearing in 2012, Elasticsearch has raised a add up to of $104 million.“It’s incredible to receive this kind of support from our investors above such a sharp age of point in time,” believed Steven Schuurman, the company’s co-founder and business leader. “This speaks to the significance of I beg your pardon? We’re liability: Businesses are generating new and new data — both user- and machine-generated — and it has happen to a strategic imperative on behalf of them to grasp rate on view of these assets, whether they are first a new-found data-focused project or else frustrating to weight their current Hadoop or else other whopping data savings.”
Elasticsearch has an impressive track single on behalf of its search outcome, powering customers such such as Fourquare (which indexes above 50 million venues), online song distribution platform SoundCloud, StumbleUpon, and project social make contacts Xing, which has 14 million members. It besides powers GitHub, which searches 20 terabytes of data and 1.3 billion store, and Loggly, which uses Elasticsearch such as a secret rate storeroom to directory clusters of data on behalf of rapid analytics of log store.
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