UCD spinout LogEntries has secured funding of more than $1 million as it aims at the “big data” sector. The funding is being led by Polaris Venture Partners and supported by Enterprise Ireland.
The company, which offers real-time search and analysis log-file management for enterprises, processes billions of log events a day. Its built-in system intelligence alerts users about system errors ahead of potential crashes, and can help non-technical users understand log data.
The firm, founded by Dr Trevor Parsons and Dr Vilaim Holub, works out of Dogpatch Labs in Dublin, and has offices in the US and Czech Republic.
Dr Holub said the shift to cloud-based solutions is beginning to accelerate. “Both myself and Trevor have previously built an on-premise log management solution for IBM, but in the cloud-based arena what we see right now are merely what we call Splunk-lite offerings – dated solutions adopted for the cloud. From the architecture up, LogEntries is 100 per cent cloud-focused.”
Noel Ruane, European venture partner with Polaris, said the firm was set up to create “the perfect storm. For a seed stage company to have such rich IP manifested in a product so much more mature than the company itself and this level of traction is testament not only to the tech smarts of Trevor and his team, but to their street smarts too.”
