A Log Analytics startup in Bengaluru called Parseable bagged $2.75 million in seed funding. The money comes from Surge and NP-Hard Ventures. They want to use this cash to get better at handling all the log data that companies produce nowadays.
Log Analytics startup Parseable uses things like Apache Parquet and Apache Arrow to organize data. This helps businesses break down data barriers within their systems. By using these standards, Parseable makes sure that log data is easy to access and work with alongside other tools. By bringing all this data together, businesses can understand it better and make smarter decisions.
About Parseable
Parseable is a startup founded in 2022 by Nitish Tiwari. It operates as a cloud-first platform designed to help developers efficiently store and manage logs. By embracing a cloud-native approach, Parseable tackles the challenges of handling and analyzing the ever-growing data landscape of enterprise logs.
Understanding the Importance of Log Analytics
Log analytics involves examining the data recorded by an enterprise or any tech business, commonly referred to as logs. This data originates from various components of the IT infrastructure, such as computers, networks, applications, and operating systems.
Log analytics serves several crucial purposes for developers and businesses. By analyzing logs, developers can extract valuable insights about user behavior patterns. Additionally, they can identify and address issues within their systems, audit security activities to ensure data safety, verify compliance with regulations, and plan for necessary changes or adjustments in their IT infrastructure’s capacity.
Parseable’s cloud-first approach and innovative solutions aim to streamline the process of log management and analytics, empowering developers to derive actionable insights and enhance the performance and security of their systems.
Why Parseable Stands Out
Traditional systems for managing logs often struggle as businesses grow or end up costing a lot when dealing with large amounts of data. Parseable says it’s different. It uses basic cloud stuff like storage and computing power to adjust itself as a company’s needs change.
Parseable claims it can handle big amounts of data without breaking a sweat. This means companies can keep their data organized and useful, no matter how much they have or what their setup looks like. Parseable uses open formats like Apache Parquet and Apache Arrow. This makes it simple for businesses to access their log data and use it with other tools and systems without any headaches.
The Growing Market for Log Management
In 2021, the market for log management was worth $2.3 billion globally. Experts predict it will keep growing at a rate of about 10.52% every year, reaching $4,338.84 million by 2027.
Nitish Tiwari, the founder of Parseable, noticed that many companies were struggling with the high costs and complicated processes of log analytics. He believes there’s a big change happening, and companies are moving away from having data stuck in different places.
Big companies like Microsoft’s Azure and Google Cloud also offer solutions for log analytics. There are also software-as-a-service (SaaS) platforms like SumoLogic, GrayLog, and Splunk doing similar things.
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