Parseable Raises $2.75M in Surge, NP-Hard Ventures Funding Round

Parseable is a log analytics stack designed to cater to the evolving needs of developers in the cloud native era. It offers lightweight, high-performance log analytics and is built with a focus on ease of deployment and usage. The platform is suitable for deployment in cloud or edge environments, with the capability to ingest logs over HTTP(s) and queryable using SQL. Its features include support for high throughput ingestion, cloud-native design, scalability to petabytes with S3 or compatible storage, and a single static binary for straightforward deployment. Parseable ships with features such as OAuth2, RBAC, TLS, Alerts, retention, and more, making it production-ready.

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A startup named Parseable, headquartered in Bengaluru, has secured $2.75 million in its initial funding round, spearheaded by Surge and NP-Hard Ventures. This funding injection aims to propel Parseable’s efforts in simplifying the management of the growing volumes of log data produced by modern digital enterprises. By 2025, the world is set to swim in over 180 zettabytes of data, leaving businesses grappling with
the daunting task of sorting through it all. It’s like searching for a needle in a haystack the size of Mount Everest! Making sense of this mountainous data offers a goldmine of knowledge about how apps perform, how users behave, and where potential security risks lurk.

But here’s the rub: digging into this data without breaking the bank or tying yourself to rigid systems is like walking a tightrope without a safety net. It’s tricky, to say the least. Nitish Tiwari, the brains behind Parseable, sums it up perfectly: “Every company I’ve talked to is banging their heads against the wall over the cost and complexity of digging into their logs. They’re desperate for a change, for a way to make this whole process simpler and more affordable. Parseable is crafted from scratch to be a cutting-edge log analytics platform that seamlessly operates in the cloud. It empowers businesses to handle large-scale log data tasks in any setting, ensuring they extract the maximum value from their logs.

By embracing open formats like Apache Parquet and Apache Arrow, Parseable not only makes log data easily accessible but also ensures it can smoothly integrate with various tools and systems. Thanks to its cloud-native design, Parseable takes full advantage of cloud computing perks such as scalability, reliability, and flexibility. What sets Parseable apart is its ability to adapt resources on-the-fly to meet demand. This means
businesses can efficiently manage their data without getting bogged down by infrastructure concerns.

Mies Hernandez van Leuffen, a co-founder and partner at NP-Hard Ventures, highlighted the firm’s excitement about Parseable’s developer-centric approach to observability. “We’re thrilled to team up with Parseable and back their mission to revolutionize log analytics with a focus on developers,” he said. He emphasized the growing importance of innovative, efficient, and scalable log analytics solutions, especially in light of the increasing volume of log data generated by businesses.

Mies Hernandez van Leuffen, a co-founder and partner at NP-Hard Ventures, highlighted the firm’s excitement about Parseable’s developer-centric approach to observability. “We’re thrilled to team up with Parseable and back their mission to revolutionize log analytics with a focus on developers,” he said. He emphasized the growing importance of innovative, efficient, and scalable log analytics solutions, especially in light of the increasing volume of log data generated by businesses.

Surge, renowned for its support of early-stage businesses across Australia, Singapore, and India, has nurtured more than 330 founders and 140 startups spanning 16 sectors in under five years. Notably, Surge startups have collectively raised over $2 billion in follow-on funding post accelerator program.

Parseable, a Bengaluru-based startup, secured $2.75 million in funding from Surge and NP-H Ventures to simplify log data management amidst the impending data deluge. By 2025, businesses face the challenge of analyzing over 180 zettabytes of data. Parseable aims to address the high costs and complexities associated with log analysis, offering a cloud-native platform that leverages open formats for seamless integration. NP-H Ventures supports Parseable’s developer-centric observability approach, highlighting the need for innovative log analytics solutions. Surge’s backing underscores Parseable’s potential to revolutionize log analytics, with a track record of fostering early-stage startups successfully