Additional Funding For Elasticsearch To Help Company Complement Its RealTime Search And Analytics Stack
Elasticsearch – whose Elasticsearch, Logstash and Kibana products for discovering and extracting insights from structured and unstructured data were discussed earlier this year here – has raised $70 million in Series C financing from New Enterprise Associates (NEA). Benchmark Capital and Index Ventures also participated in the round. That brings the total to $104 million over the past 18 months.
“Nearly all companies, start-ups and Fortune 500 enterprises alike, need to be able to slice and dice rapidly expanding data volumes in real time,” says Steven Schuurman, co-founder and CEO. The funding, Schuurman says, will be applied to enhancing sales, marketing and support personnel and efforts, as well as investing in development to build more complementary products that work with the ELK stack.
“Ultimately, this round of funding will help us get to our goal, faster, of making the ELK stack the de facto platform for businesses to gain actionable insights from their data,” he says.