Spanish Big Data analytics company LogTrust closes a new €29.8M investment round, led by Kibo Ventures and new investor Insight Venture Partners.
About LogTrust
LogTrust is a company founded in 2011 in Madrid and specialised in Big Data Analytics. The company has developed a cloud-based solution that provides greater speed and scale and reduces the operational costs of Big Data analysis, while providing companies with access to real-time data collection, analysis and visualisation tools.
It is an easy-to-use Big Data analytics platform that requires no development and operations resources to maintain. The speed of real-time and historical data analysis remains completely constant, regardless of the consumption rate or the amount of data collected.
The main applications of this platform are security, behavioural analysis to discover trends and optimisation of resources. In addition, LogTrust facilitates system and business monitoring to ensure availability, regulatory compliance and, ultimately, BigData analysis to find hidden insights.
LogTrust Corporate Finance Analysis
Although LogTrust still has negative results, due to the large investment effort needed to develop its technology and grow in the market, the company is on a revenue growth trend and is becoming increasingly profitable.
In addition, LogTrust has received numerous awards, such as the "Best Spanish Startup" award and the "Best Cloud Transformations Methods" award at ExpoCloud 2015, as well as recognition from Gartner as a "Cool Vendor" in 2016.
LogTrust closes €29.8M round of funding
LogTrust, the Spanish group specialising in Big Data analytics in the cloud, has received €29.8M in its second round of funding so far this year. In January, it had already raised another $11M in a round led by venture capital fund Kibo Ventures, accompanied by Investing Profit Wisely and Atlantic Bridge.
This new round was once again led by Kibo Ventures and by the new investor Insight Venture Partnerswhose co-founder and CEO, Jeff Horing, will join LogTrust's board of directors. The objective of the acquisition was, once again, to obtain sufficient financial muscle to meet the high costs associated with the development of its technology and to continue its growth trend in the market.
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