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Log analytics startup Parseable raises $2.75 Mn in seed round from Surge, others

Entrackr · 7m

Bengaluru-based log analytics startup Parseable has raised S$2.75 million in its Seed round led by Surge and NP-Hard Ventures. Funds raised will be used to accelerate Parseable’s innovation in managing the increasing amount of log data generated by today’s digital businesses, the company said in a press release. Parseable uses open formats such as Apache Parquet and Apache Arrow, which are crucial for breaking down the silos of data that typically exist within organizations. By adopting these open standards, Parseable ensures log data is not just accessible but also interoperable, making it easier to integrate with other tools and systems. With this unified data ecosystem, businesses can get insights from logs and other data sources together, enhancing overall business intelligence. Parseable is used across the globe by leading fintechs, cybersecurity firms, and healthcare, among others. Peak XV Partners’ Surge has included more than 330 founders and over 140 startups across 16 sectors in less than five years. To date, Surge startups have collectively raised over $2 billion in follow-on funding post the accelerator program.