[Funding alert] Observability platform LOGIQ raises $1.8M in seed round from Leo Capital
Summary
LOGIQ, a US and Bengaluru-based observability platform for IT administrators and DevOps teams, on Wednesday announced that it has raised $1.8 million in its first institutional seed funding round, led by Leo Capital. LOGIQ claims that it 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. According to an IDC survey, half of all organisations process more than 100GB of log data in different formats every day, and the numbers continue to rise. 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. Users can aggregate log data, gather performance metrics, access APIs 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, it added.
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