Logging startups are suddenly hot as CrowdStrike nabs Humio for $400M – TechCrunch

A few weeks ago, SentinelOne announced that it would acquire Scalyr, a high-speed logging platform, for $ 155 million. As recently as this morning, CrowdStrike hit the ground running next, announcing it would buy the unlimited logging tool Humio for $ 400 million.

In Humio, CrowdStrike gets a company that offers the ability to collect unlimited logging information. Most organizations have to choose what to log and how long to keep it. With Humio, however, they don’t have to make that choice when customers process several terabytes of data every day.

Geeta Schmidt, CEO of Humio, wrote in a blog post for the company announcing the deal, describing her company similar to Scalyr, a data lake for log information:

“Humio had become the data lake for these companies, enabling them to search over longer periods of time and from more data sources so they could understand their entire environment, prepare for the unknown, proactively prevent problems, quickly recover from incidents, and get to the root cause. ” She wrote.

This means that with Humio, CrowdStrike can use this huge amount of data to manage threats and attacks in real time, rather than reacting to them and finding out what happened later that SentinelOne did when Scalyr bought it.

“The combination of real-time analysis and intelligent filtering in CrowdStrike’s proprietary Threat Graph and Humio’s lightning-fast log management and index-free data acquisition accelerates our data acquisition considerably [eXtended Detection and Response (XDR)] Capabilities beyond anything the market has seen before, “said George Kurtz, CEO and co-founder of CrowdStrike, in a statement.

While two acquisitions are not necessarily a trend, it is clear that the security platform players are suddenly realizing the value of being able to process the large amounts of information in logs, and they are willing to raise some cash to maintain that ability. It will be interesting to see if other security companies respond with a similar move in the coming months.

Founded in 2016, Humio raised just over $ 31 million, according to Pitchbook Data. The final round of funding was in March 2020, a Series B worth $ 20 million led by Dell Technologies Capital. It seems like a decent exit to start with.

Founded in 2011, CrowdStrike raised over $ 480 million along the way before going public in 2019. The transaction is expected to close in the first quarter and is subject to typical regulatory oversight.

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