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Hydrolix Closes $80 Million Series C to Control Ballooning Log Data Storage Cost and Boost Analytics Performance in the AI Age

Summary by The Victoria Advocate

QED leads the round, joined by Pruven, Sozo Ventures, Frontline Ventures, Blumberg Capital and existing investors, including Akamai.

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Hydrolix Closes $80 Million Series C to Control Ballooning Log Data Storage Cost and Boost Analytics Performance in the AI Age

QED leads the round, joined by Pruven, Sozo Ventures, Frontline Ventures, Blumberg Capital and existing investors, including Akamai.

23 hours ago

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StorageNewsletter

Hydrolix Closes $80 Million Series C

Hydrolix Inc. announced the closing of an $80 million Series C investment round, led by QED Investors, joined by Blumberg Capital, Frontline Ventures, Pruven Capital and Sozo Ventures, alongside existing investors that include Akamai, AV8 Ventures, Ericsson Ventures, NAVA Capital, Oregon Venture Fund, S3 Ventures, Uncorrelated Ventures and Wing Venture Capital. Chuckie Reddy, QED partner […] The post Hydrolix Closes $80 Million Series C appeared…

3 hours ago

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The Open News

Hydrolix, A Data Management Business, Raises $80 Million

Hydrolix Inc., a provider of data lakes, reported raising $80 million to fuel expansion plans. The investment was led by QED. Twelve additional supporters joined it, among them Akamai Technologies Inc., which sells Hydrolix’s technology to its clients. The funding round comes after the startup’s revenue increased eightfold in a single year. A data lake platform that can hold both structured and unstructured records is offered by Portland-based H…

10 hours ago

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SiliconANGLE

Data management startup Hydrolix reels in $80M - SiliconANGLE

Data lake provider Hydrolix Inc. today announced that it has raised $80 million in funding to finance growth initiatives. QED led the investment. It was joined by a dozen other backers, including Akamai Technologies Inc., which resells Hydrolix’s technology to its customers. The round follows a year in which the startup’s revenue grew eightfold. Portland-based […] The post Data management startup Hydrolix reels in $80M appeared first on SiliconA…

16 hours ago

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FinSMEs

Hydrolix Closes $80M Series C Funding

Hydrolix, a Portland, Oregon-based provider of a data lake platform to enhance the economics of log data, closed an $80m Series C funding round. The round was led by QED Investors, joined by Blumberg Capital, Frontline Ventures, Pruven Capital and Sozo Ventures, alongside existing investors that include Akamai, AV8 Ventures, Ericsson Ventures, Nava Ventures, Oregon Venture Fund, S3 Ventures, Uncorrelated Ventures and Wing Venture Capital. Chucki…

22 hours ago

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