This was originally posted on Businesswire on April 8, 2021. Read the original here.
MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--LogDNA, the leading log management solution for DevOps teams, today announced that Dave DeWalt, founder and managing director of NightDragon, has joined the LogDNA Board of Directors and will serve as vice chair. As a veteran CEO, advisor, investor, and highly regarded leader in cybersecurity, DeWalt will help LogDNA extend its success in application observability to new markets and use cases.
DeWalt has more than 25 years of industry experience, most notably serving as the CEOs of FireEye, McAfee, and Documentum, where he collectively drove more than $20 billion of shareholder value. As managing director of NightDragon, he now invests and advises the world’s most innovative cybersecurity, safety, security, and privacy companies and also sits on the board of directors for leading companies like Delta Airlines, Five9, and Optiv.
DeWalt joins LogDNA amid skyrocketing growth and demand for developer-focused observability solutions, which is driven by the surge in adoption of digital services and applications. The company closed 2020 with triple-digit revenue growth, adding hundreds of customers across many verticals, including global brands like Equinix and Reltio. In 2020, the company was featured as one of Gartner’s Top 25 Enterprise Software Startups to Watch, CRN’s 10 Hottest Cloud Startups and 10 Coolest DevOps Startups, and Fortune’s Best Small and Medium Workplaces, among other notable recognition and awards.
“It is incredibly validating to have someone of Dave’s caliber recognize the important challenge that LogDNA solves. His experience in scaling hyper-growth companies with a strong focus on the security market will be invaluable as LogDNA builds out its platform to enable developers, operations, and security teams to more quickly and easily consume and take action on their data,” said Tucker Callaway, CEO of LogDNA.
Security Is Shifting Left
Industrywide there’s a call to shift security left, expanding the DevOps methodologies that have been growing in adoption for more than a decade to address today’s overwhelming need for secure, resilient applications. This movement to a DevSecOps approach is driving massive demand for solutions that enable cross-team insight and collaboration between developers, operations, and security professionals.
Integrating AppSec tools, like centralized log management, into the CI/CD toolchain is essential to building secure, reliable applications. Many modern companies deploy code thousands of times per day, often across distributed hybrid and multi-cloud environments, relying on interactions with hundreds of microservices. This complexity generates massive amounts of data, creating bottlenecks for security, operations, and development teams. Having a fast log management solution that can ingest, parse, and alert on logs in real time is essential for reducing mean time to detection (MTTD) and mean time to resolution (MTTR). This is the problem that LogDNA solves—removing the friction so that teams can easily consume and act on log data.
“Companies need secure code, but they face an insurmountable task to find and fix software vulnerabilities and security breaches before customers are impacted. What they need is a solution that allows them to take action fast,” said DeWalt. “LogDNA has built a hyperscale logging platform that quickly moves critical logs and data to a usable state and separates the signal from the noise. I look forward to working with the team to further expand their use cases and help to drive new market traction.”
The LogDNA platform was built not only for hyperscale ingestion and storage of log data, but also to provide additional value to the developer workflow. It enables collaboration between teams to shift their security practices left by empowering them with the data they need to modernize their AppSec programs.
LogDNA is a centralized log management solution that enables frictionless consumption and actionability of log data so developers can monitor, debug, and troubleshoot their systems with ease. Launched in Y Combinator’s Winter 2015 cohort, LogDNA is the sole logging provider for tech giant IBM Cloud, and it fuels massive productivity gains for modern engineering teams at hyper-growth startups and Fortune 500 companies alike, including Asics, Better.com, Sysdig, LaunchDarkly, and 6 River Systems. The company has been recognized as one of Forbes’ Cloud 100 Rising Stars, Gartner’s Top 25 Enterprise Software Startups to Watch, CRN’s 10 Hottest Cloud Startups, and Fortune’s Best Small and Medium Workplaces, and it received the IBM Cloud Embed Excellence Award. Visit www.logdna.com and follow on GitHub, Twitter, and LinkedIn.
NightDragon is an investment firm focused on growth and late-stage investments within the cybersecurity, safety, security and privacy industries. Its platform and vast industry network provide unparalleled threat insights, deal flow, market leverage and operating expertise to drive portfolio company growth and increase shareholder value. The NightDragon team has more than 25 years of operational and market expertise and was founded by Dave DeWalt and Ken Gonzalez, who served as senior executives leading technology companies such as Documentum, EMC, Siebel Systems (Oracle), McAfee, Mandiant, Avast and FireEye.