Parseable Raises $2.75m In Seed Round Led By Surge And NP-Hard Ventures

Bengaluru-based Parseable has announced a seed funding round of US$2.75 million led by Surge and NP-Hard Ventures, marking its entry into the expanding log analytics market. This investment is poised to drive Parseable’s mission of innovating in handling the surging volumes of log data generated by modern digital businesses.

The exponential growth of data worldwide is projected to continue, with global data creation expected to exceed 180 zettabytes by 2025. As businesses’ digital footprint expands, the importance of log analytics has become increasingly pronounced. Such data, when analyzed effectively, offers invaluable insights into application performance, user behavior, and potential security threats. However, efficiently managing and analyzing this data without incurring high operational costs or sacrificing scalability and flexibility has been a challenge.

Parseable addresses these challenges head-on by being cloud-native from the ground up. This approach ensures that the platform fully harnesses the benefits of cloud computing, including scalability, reliability, and flexibility. Unlike traditional log management systems, which may struggle to scale or incur high costs as data volumes grow, Parseable leverages fundamental cloud components like storage and compute to dynamically adjust resources to meet demand. This scalability enables businesses to effectively manage their data, regardless of volume, without concerns about infrastructure overhead.

Parseable utilizes open formats such as Apache Parquet and Apache Arrow, essential for breaking down the data silos that typically exist within organizations. By adopting these open standards, Parseable ensures that log data is not only accessible but also interoperable, facilitating easier integration with other tools and systems. This openness fosters a more unified data ecosystem, allowing businesses to derive insights from logs and other data sources collectively, thus enhancing overall business intelligence.

Founder of Parseable, Nitish Tiwari, remarked, “Every company I spoke to was frustrated about the cost & complexity of log analytics, while also looking to find new ways to extract insights from their data. We see a foundational shift of moving away from siloed data infrastructure.” The emergence of open table formats like Iceberg and Delta Lake, with S3 as persistence on one side, and open application log formats like OpenTelemetry on the other side, serves as a clear testament to this shift.

“We’re very excited to partner up with Parseable and support them in their journey to supercharge log analytics with their developer-first approach to observability,” said Micha “mies” Hernandez van Leuffen, cofounder, and partner at NP-Hard Ventures.

As businesses continue to generate vast quantities of log data, the need for innovative, efficient, and scalable log analytics solutions like Parseable becomes increasingly evident. With its cloud-based design, commitment to open formats, and focus on scalability and flexibility, Parseable offers a promising solution that meets the demands of the modern digital landscape, enabling organizations to unlock the full potential of their log data.

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