TLDR:
Hydrolix, a streaming data lake platform based in Portland, closed a $35M Series B funding round led by S3 Ventures. The company’s total funding to date is now $68M. Co-founded in 2018, Hydrolix offers a high-performance data management platform designed for long-term data retention in various industries.
Article Summary:
Hydrolix, a Portland-based streaming data lake platform, successfully closed a $35M Series B funding round led by S3 Ventures. This round included participation from previous investors such as Nava Ventures, Wing Ventures, AV8 Ventures, and Oregon Venture Fund, bringing the company’s total funding to $68M. Co-founded in 2018 by Marty Kagan and Hasan Alayli, Hydrolix specializes in offering a streaming data lake that caters to log-intensive applications, combining real-time stream processing, low-latency indexed search, decoupled storage, and high-density compression.
Hydrolix’s software is designed to handle the increasing industry demand for long-term data retention, offering companies the ability to analyze both real-time streaming logs and historical data. The platform is versatile and applicable to various use cases in industries such as cybersecurity, observability, content delivery, digital advertising, AI/machine learning, and regulatory compliance. As of now, Hydrolix boasts over 80 customers, including prominent media, gaming, and telecommunications brands.
Overall, Hydrolix’s Series B funding round signifies investor confidence in the platform’s capabilities and market potential, allowing the company to further expand its offerings and reach in the data management space.
