Skip to main content
https://www.highperformancecpmgate.com/rgeesizw1?key=a9d7b2ab045c91688419e8e18a006621

Hydrolix snares $10M seed to lower the cost of processing log data at scale

Many companies spend a significant amount of money and resources processing data from logs, traces and metrics, forcing them to make trade-offs about how much to collect and store. Hydrolix, an early stage startup, announced a $10 million seed round today to help tackle logging at scale, while using unique technology to lower the cost of storing and querying this data.

Wing Venture Capital led the round with help from AV8 Ventures, Oregon Venture Fund and Silicon Valley Data Capital.

Company CEO and co-founder Marty Kagan noted that in his previous roles, he saw organizations with tons of data in logs, metrics and traces that could be valuable to various parts of the company, but most organizations couldn’t afford the high cost to maintain these records for very long due to the incredible volume of data involved. He started Hydrolix because he wanted to change the economics to make it easier to store and query this valuable data.

“The classic problem with these cluster-based databases is that they’ve got locally attached storage. So as the data set gets larger, you have no choice but to either spend a ton of money to grow your cluster or separate your hot and cold data to keep your costs under control,” Kagan told me.

What’s more, he says that when it comes to querying, the solutions out there like BigQuery and Snowflake are not well suited for this kind of data. “They rely really heavily on caching and bulk column scans, so they’re not really useful for […] these infrastructure plays where you want to do live stream ingest, and you want to be able to do ad hoc data exploration,” he said.

Hydrolix wanted to create a more cost-effective way of storing and querying log data, while solving these issues with other tooling. “So we built a new storage layer which delivers […] SSD-like performance using nothing but cloud storage and diskless spot instances,” Kagan explained. He says that this means that there is no caching or column scales, enabling them to do index searches. “You’re getting the low cost, unlimited retention benefits of cloud storage, but with the interactive performance of fully indexed search,” he added.

Scalyr scores $20M Series A for super-fast log reading tool

Peter Wagner, founding partner at investor Wing Venture Capital, says that the beauty of this tool is that it eliminates tradeoffs, while lowering customers overall data processing costs. “The Hydrolix team has built a real-time data platform optimized not only to deliver superior performance at a fraction of the cost of current analytics solutions, but one architected to offer those same advantages as data volumes grow by orders of magnitude,” Wagner said in a statement.

It’s worth pointing out that in the past couple of weeks SentinelOne bought high speed logging platform Scalyr for $155 million, then CrowdStrike grabbed Humio, another high speed logging tool for $400 million, so this category is getting attention.

The product is currently compatible with AWS and offered through the Amazon Marketplace, but Kagan says they are working on versions for Azure and Google Cloud and expect to have those available later this year. The company was founded at the end of 2018 and currently has 20 employees spread out over six countries with headquarters in Portland, Oregon.

Logging startups are suddenly hot as CrowdStrike nabs Humio for $400M

Comments

Post a Comment

Popular posts from this blog

Uber co-founder Garrett Camp steps back from board director role

Uber co-founder Garrett Camp is relinquishing his role as a board director and switching to board observer — where he says he’ll focus on product strategy for the ride hailing giant. Camp made the announcement in a short Medium post in which he writes of his decade at Uber: “I’ve learned a lot, and realized that I’m most helpful when focused on product strategy & design, and this is where I’d like to focus going forward.” “I will continue to work with Dara [Khosrowshahi, Uber CEO] and the product and technology leadership teams to brainstorm new ideas, iterate on plans and designs, and continue to innovate at scale,” he adds. “We have a strong and diverse team in place, and I’m confident everyone will navigate well during these turbulent times.” The Canadian billionaire entrepreneur signs off by saying he’s looking forward to helping Uber “brainstorm the next big idea”. Camp hasn’t been short of ideas over his career in tech. He’s the co-founder of the web 2.0 recommendatio
Post a Comment
Read more

Drone crash near kids leads Swiss Post and Matternet to suspend autonomous deliveries

A serious crash by a delivery drone in Switzerland have grounded the fleet and put a partnership on ice. Within a stone’s throw of a school, the incident raised grim possibilities for the possibilities of catastrophic failure of payload-bearing autonomous aerial vehicles. The drones were operated by Matternet as part of a partnership with the Swiss Post (i.e. the postal service), which was using the craft to dispatch lab samples from one medical center for priority cases. As far as potential applications of drone delivery, it’s a home run — but twice now the craft have crashed, first with a soft landing and the second time a very hard one. The first incident, in January, was the result of a GPS hardware error; the drone entered a planned failback state and deployed its emergency parachute, falling slowly to the ground. Measures were taken to improve the GPS systems. The second failure in May, however, led to the drone attempting to deploy its parachute again, only to sever the line
Post a Comment
Read more

ProtonMail logged IP address of French activist after order by Swiss authorities

ProtonMail , a hosted email service with a focus on end-to-end encrypted communications, has been facing criticism after a police report showed that French authorities managed to obtain the IP address of a French activist who was using the online service. The company has communicated widely about the incident, stating that it doesn’t log IP addresses by default and it only complies with local regulation — in that case Swiss law. While ProtonMail didn’t cooperate with French authorities, French police sent a request to Swiss police via Europol to force the company to obtain the IP address of one of its users. For the past year, a group of people have taken over a handful of commercial premises and apartments near Place Sainte Marthe in Paris. They want to fight against gentrification, real estate speculation, Airbnb and high-end restaurants. While it started as a local conflict, it quickly became a symbolic campaign. They attracted newspaper headlines when they started occupying prem
Post a Comment
Read more