LogDNA closed a $25 million series C round of funding.Led by existing investor Emergence Capital with participation from prior investors Initialized Capital and Providence Equity and new investors TI Platform Management, Radianx Capital, Top Tier Capital Partners, and Trend Forward Capital, the round brings the company's total funding to date to $60 million. The investment will fuel all areas of the company which has experienced 2.6X annual recurring revenue (ARR) growth over the last 12 months."Our investment in LogDNA reflects our strong confidence in its business model and the future of log management, which we see as a critical technology with considerable opportunities in the enterprise market," said Joe Floyd, General Partner, Emergence Capital. "These reasons along with its strong go-to-market partnership with IBM made it an attractive investment for us. We look forward to working with the LogDNA leadership team as the company enters its next phase of growth."
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