Logtrust, a Spanish company specialising in real-time Big Data solutions, has received a round of funding in order to continue growing globally. Among its investors is Kibo Ventures, , Investing Profit Wisely and Atlantic Bridge.
What is Logtrust?
Logtrust was established in 2011 as a Big Data platform to make accessible big data collection, analysis and visualisation tools for any volume of data in real time for companies of any size and sector. The solution manages all kinds of data (systems; applications, including proprietary applications; business, CPD infrastructure; public, private and mixed cloud), companies and users.
Logtrust's applications include: security intelligence, preventive security, problem identification and diagnosis, forensic analysis, behavioural analysis to discover trends in large data sets or patterns and resource optimisation, as well as facilitating system and business monitoring to ensure availability, regulatory compliance and, ultimately, BigData analysis to find hidden insights.
Growth of Logtrust
Founded in 2011, Logtrust received its first round in 2013 and in 2015 received another €3M to grow in the US market and opened an office in Boston. In 2016 it decided to move its headquarters to Silicon Valley.
Logtrust knew that the US market is a more mature market, where only differential technology fits. According to them, their difference is marked by an original way of dealing with information. Currently, most software and solution manufacturers base their offerings on an integration of their developments with those of third parties (such as Hadoop or Cassandra). Logtrust uses proprietary, patent-pending technology that offers a complete solution for the entire data lifecycle. Moreover, it is designed to meet the needs of any type of organisation, regardless of its size or business focus, without the need for its own IT department.
Although it still has negative results, due to the investment required to develop the technology and be able to grow in the market, Logtrust continues to grow in terms of turnover and is gradually becoming more profitable. In addition, it has won numerous awards such as the "Best Spanish Startup" and "Best Cloud Transformations Methods" awards at ExpoCloud 2015 and Gartner's recognition as a Cool vendor in 2016.
Among its investors are Kibo Ventures, Kibo Ventures, Investing Profit Wisely and Atlantic Bridge, the latter of which is characterised by bringing start-ups into the international arena.
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