Bengaluru-based log analytics startup Parseable has secured $2.75 million in its Seed funding round, with Surge and NP-Hard Ventures leading the investment.
According to a statement released by Parseable, the company plans to utilize the raised capital to fuel its advancements in managing the ever-increasing volume of log data generated by modern digital businesses.
One of Parseable’s key strategies involves leveraging open formats like Apache Parquet and Apache Arrow. These formats play a crucial role in breaking down the data silos that often exist within organizations. By adopting open standards, Parseable ensures that log data is not only accessible but also interoperable, facilitating seamless integration with various tools and systems.
The unified data ecosystem provided by Parseable enables businesses to collectively gain insights from logs and other data sources, thereby enhancing overall business intelligence.
Parseable’s solutions are already being used globally by leading players in various sectors, such as fintech, cybersecurity, and healthcare.
Surge, backed by Peak XV Partners, has a remarkable track record, supporting over 330 founders and 140 startups across 16 sectors in less than five years. Post-accelerator program, Surge startups have collectively raised over $2 billion in follow-on funding, showcasing the success of the accelerator’s model.
With the new investment from Surge and NP-Hard Ventures, Parseable is poised for further growth and innovation in log analytics, helping businesses derive valuable insights from their data.
