Elasticsearch Raises $70M as It Expands Enterprise Search and Analytics Play
Real-time search and analytics platform providerElasticsearch has raised a $70 million Series C funding round, led by New Enterprise Associates with additional participation from Benchmark Capital and Index Ventures. Elasticsearch was born as a search company but now offers a full solution to extract meaningful insights from big data.
Its technology, used by the likes of Foursquare, SoundCloud and GitHub, is an open source search and analytics engine, and the company boasts 8 million total downloads for its three core products: Elasticsearch for Search, Logstash for centralized log data and Kibana for real-time analysis of streaming data. Kibana can be used to create time-based comparisons and to generally understand large volumes of data. Combined, the three products form what the company calls the ELK stack.
The latest funding round is a big push behind its technology. The money will go towards marketing the solutions, continued product development and expansion of the startup’s sales organization.