Log analytics startup Parseable raised $2.75 M Seed funding from Surge, others
The S$2.75 million Seed round led by Surge and NP-Hard Ventures has been raised by Bengaluru-based log analytics startup Parseable.
Parseable stated in a press release that the money raised will be utilized to speed up its innovation in handling the growing volume of log data produced by today’s digital businesses.
Open formats like Apache Parquet and Apache Arrow, which Parseable uses, are essential for dismantling the data silos that usually exist within organizations. Through the adoption of these open standards, Parseable guarantees that log data is interoperable and accessible, facilitating easier integration with other tools and systems.
Businesses can obtain insights from logs and other data sources jointly with this unified data ecosystem, improving business intelligence overall.
Prominent fintech, cybersecurity, and healthcare organizations, among others, use Parseable globally.
In less than five years, more than 140 startups in 16 sectors have benefited from Peak XV Partners’ Surge, which has more than 330 founders. Together, Surge startups have raised more than $2 billion in follow-on capital since the accelerator program began.
