Bangalore: Observability platform LOGIQ raised $1.8 million in its first institutional seed funding round. Leo Capital led this seed funding round.
Observability platform LOGIQ is designed and built for IT administrators and DevOps teams. The seed funding will be used to expand the tech platform’s AI/ML capabilities and onboard more customers.
LOGIQ solves the ubiquitous problem enterprises are faced with when handling the variety and volume of data in the organisation, while running their IT infrastructure and applications.
Half of all organisations process over a 100GB of log data in different formats daily and the count continue to rise, according IDC report. Besides, there is such a flood of data available from APIs, databases, data lakes, etc.
But the lack of a unified platform that can converge this data has long been a pain point for IT practitioners, DevOps users, and developers alike. LOGIQ’s mission is to make all IT data accessible and analysable.
By unifying data types, such as logs, metrics, databases, and APIs, Observability platform LOGIQ enables them to harness the power of machine data analytics for applications and infrastructure in a single platform with 1-Click simplicity.
Users can aggregate log data, gather performance metrics, access API’s and connect databases such as Elastic, Mongo, Postgres, Druid, and Mysql for real-time visibility into the health of their IT infrastructure and application environments.
“We started with the goal of helping enterprises transition from managing their data in silos to a more unified manner in which they can harness their data,” said Ranjan Parthasarathy, CEO and Co-Founder – LOGIQ,
“With LOGIQ, we want to empower developers and administrators in keeping their infrastructure and applications always running. The funding raised will enable us to widen our reach and also enhance our AI/ML capabilities,” added Parthasarathy.
“Data is the new oil across enterprises. However, there is also a need for a solution that helps them manage this data efficiently without hampering their operational efficiency or infrastructure,” said Tito George, Co-Founder – LOGIQ.
“This is what LOGIQ has set out to do with its products and offerings. This funding will help us take our solutions to more industry stakeholders,” added George.
“There is a huge amount of data being generated across all sectors today. Consequently, the need of the hour is a platform like LOGIQ that can help enterprises organise, manage, and categorise this data without affecting their processes and infrastructure,” said Rajul Garg, Managing Partner – Leo Capital.
“We are thrilled to back them and have tremendous faith in both the company and its leadership,” added Garg.
LOGIQ can be hosted as a self-service or managed SaaS, providing maximum flexibility to the user.
Its support for industry standards ensures full compatibility with legacy infrastructures like bare-metal servers, VM’s, switches. And more modern cloud-native environments like Kubernetes and public cloud infrastructure as well.
Some of their USPs include unified view, predictable pricing, one-click set-up, and zero tax storage management tax.
Observability platform LOGIQ as a tech startup has a strong team with over over 100 years of expertise in production engineering, building and running IT, DevOps, and DevSecOps in private and public cloud environments. It plans to democratise the observability space and make it more accessible for organisations of all sizes.