Hydrolix seeks to make storing log data faster and cheaper
Summary
In 2008, Marty Kagan, whod previously worked at Cisco and Akamai, co-founded Cedexis, a (now-Cisco-owned) firm developing observability tech for content delivery networks. Ninety percent of the companies responding to the survey said that they expect to increase their storage budgets sometime this year.So, in 2018, looking to address a log data cost problem they saw as industry-wide, Kagan and Alayli joined forces to launch Hydrolix. Our streaming data lake platform combines real-time stream processing, decoupled storage and low-latency indexed search to deliver a high-performance and yet cost-efficient log management system.Hydrolixs platform powers log data-intensive apps for security, observability, AI and machine learning and even advertising, marketing, travel and retail. This approach allows Hydrolix to offer its customers real-time query performance at terabyte scale Our software is applicable to a wide range of use cases that require both real-time analysis of high-volume streaming logs and ad hoc analysis across years of raw data.Hydrolix, which has ~90 customers across enterprise and the public sector and a Portland, Oregon-based workforce of around 60 people, has further expansion on the mind. Buoyed by the Series B, the company plans to scale up its sales and partner channel operations as well as its divisions focused on marketing and customer onboarding.The look ahead for pipeline acquisition and expansion deals is strong, Kagan said.