TLDR:
- Parseable, a log analytics firm, raised $2.75 million in seed funding from Peak XV’s Surge program.
- The company, founded by Nitish Tiwari in 2022, specializes in managing, storing, and analyzing large volumes of log data using cloud technology.
Parseable, a cloud-native log analytics platform, announced a successful seed funding round of $2.75 million led by Surge, the scale-up program of venture capital firm Peak XV. Nitish Tiwari founded Parseable in 2022 with a focus on helping businesses handle the challenge of log data by managing, storing, and analyzing it through cloud-based solutions. The company utilizes open-source formats like Apache Parquet and Apache Arrow for data processing and interoperability, aiming to address the operational cost hurdles faced by traditional log management systems. The investment from Surge will enable Parseable to enhance its ability to manage the increasing volumes of log data produced by modern digital enterprises. Parseable highlighted the importance of extracting insights from data, including application performance, user behavior, and security threats. Surge, known for backing early-stage ventures, offers up to $3 million in seed capital and provides support in various forms, including company-building workshops and mentorship. Parseable’s funding round signifies the growing interest in log analytics solutions and the potential for innovative companies like Parseable to address the evolving needs of businesses in data management and analysis.
