Graylog, a Houston, Texas-based company specializing in Security Information and Event Management (SIEM) and log management, secured $39 million in funding to support its growth.
SaaS Investors
The funding round was led by new investor Silver Lake Waterman, and existing investors Piper Sandler Merchant Banking and Harbert Growth Partners.
Silver Lake Waterman is part of Silver Lake, the global leader in technology investing with approximately $101 billion in combined assets under management and committed capital and a team of professionals located in North America, Europe, and Asia. Silver Lake Waterman focuses on providing flexible expansion capital to later-stage growth companies in the technology and technology-enabled industries.
Piper Sandler Merchant Banking (PSMB) is the growth equity investment arm of Piper Sandler Companies. It seeks investments in private, commercial-stage businesses with strong growth prospects within the industry sectors covered by Piper Sandler equity research and investment banking resources.
Harbert Growth Partners is an investor in emerging companies with high growth potential in markets underserved by traditional venture capital investors. Founded in 2004 and is based in Richmond, Virginia.
Graylog Use of Funds
The company plans to use the new funding to accelerate product development, expand its global go-to-market operations, and move toward profitability.
About Graylog
Graylog is a company on a mission to make Log Management and SIEM easier, faster, more affordable, and more effective. Graylog elevates cybersecurity and IT operations through its comprehensive SIEM, Centralized Log Management, and API Security solutions. Graylog provides the edge in threat detection and incident response across diverse attack surfaces. The company’s unique blend of AI/ML, advanced analytics, and intuitive design makes cybersecurity smarter, not harder. Graylog is also ideal for troubleshooting daily IT performance and availability issues. Unlike competitors’ complex, costly setups, Graylog offers both power and affordability, simplifying the IT and security challenges. Founded in Hamburg, Germany, and now headquartered in Houston, Texas, Graylog solutions are deployed in more than 50,000 installations across 180 countries.
Funding Details
Company: Graylog, Inc.
Raised: $39.0M
Round: Unknown
Funding Month: October 2023
Lead Investors: Silver Lake Waterman
Additional Investors: Piper Sandler Merchant Banking and Harbert Growth Partners
Company Website: https://graylog.org/
Software Category: Log Management and SIEM
Source: https://www.prnewswire.com/news-releases/shield-ai-raises-200m-reaching-2-7b-valuation-301972348.html