Total amount raised
$65 Millions
Latest funding date
05/01/2024
Location
Hydrolix has successfully raised $80 million in a Series C funding round, driven by significant revenue growth. The platform offers a managed solution for high-volume streaming log data, available both as a self-managed, on-prem solution and through various partner programs.
Keep reading to explore the intricacies of Hydrolix's fundraising journey and the investors backing this innovative platform.
What Is Hydrolix?
Hydrolix, founded in 2018, is a data management company based in Portland, Oregon. The company specializes in providing solutions for storing, managing, and analyzing large-scale data.
Co-founded by Hasan Alayli and Marty Kagan, Hydrolix offers a data lake platform that revolutionizes the cost efficiency of log data management. Their platform addresses challenges related to data storage, real-time analytics, and scalability.
With a team of 101-250 employees, Hydrolix focuses on observability and security products, providing tools for real-time analytics, data compression, and cost-effective data management.
How Much Funding Has Hydrolix Raised?
- Series C
- Amount Raised: $80M
- Date: April 2025
- Lead Investors: Sozo Ventures, Wing Venture Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance platform capabilities and scale operations to meet growing demand.
- Series B
- Amount Raised: $35M
- Date: May 2024
- Lead Investors: S3 Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To fuel product development, expand sales operations, and implement a partner program.
- Series A
- Amount Raised: $20M
- Date: June 2023
- Lead Investors: Nava Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support the company's growth and expand its market reach.
- Seed Round
- Amount Raised: $10M
- Date: February 2021
- Lead Investors: Wing Venture Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop the initial product and build the core team.
- Seed Round
- Amount Raised: Not publicly disclosed
- Date: March 2020
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart the company's operations and early-stage development.
Total Amount Raised: $145M. Current Valuation: Not publicly disclosed.
Key Investors
- S3 Ventures
- Details: S3 Ventures is a venture capital firm based in Austin, Texas. They focus on early-stage investments in technology and healthcare companies.
- Investment Focus Areas: Technology, healthcare, software, digital health, enterprise solutions.
- Notable Investments: Alkami Technology, OrthoAccel, Tango Health.
- Nava Ventures
- Details: Nava Ventures is an early-stage venture capital firm that invests in technology startups. They are known for supporting innovative companies with high growth potential.
- Investment Focus Areas: Technology, software, fintech, enterprise solutions.
- Notable Investments: Not publicly disclosed.
- Wing Venture Capital
- Details: Wing Venture Capital is a venture capital firm that focuses on early-stage investments in enterprise technology companies. They aim to support companies that are transforming industries.
- Investment Focus Areas: Enterprise technology, cloud computing, cybersecurity, data analytics.
- Notable Investments: Snowflake, Cohesity, Gong.io.
- AV8 Ventures
- Details: AV8 Ventures is a venture capital firm that invests in early-stage technology and healthcare companies. They are known for their hands-on approach to supporting portfolio companies.
- Investment Focus Areas: Technology, healthcare, AI, machine learning, digital health.
- Notable Investments: Not publicly disclosed.
- Oregon Venture Fund
- Details: Oregon Venture Fund is a venture capital firm that invests in early-stage companies in the Pacific Northwest. They focus on supporting local entrepreneurs and fostering regional innovation.
- Investment Focus Areas: Technology, healthcare, consumer products, clean technology.
- Notable Investments: Not publicly disclosed.
What's Next for Hydrolix?
Hydrolix is poised to capitalize on the growing demand for cost-effective data storage and real-time analytics. With its innovative platform, the company targets niche applications requiring extreme scale and high speed, such as security, observability, and AI. This positions Hydrolix to expand its market reach and customer base significantly.
Future fundraising opportunities seem promising, given the company's strong growth trajectory and recent successful funding rounds. Hydrolix may attract further investments to enhance its technology and scale operations. However, the company faces challenges, including competition from established players and managing rapid growth. Ensuring seamless integration with various platforms will be crucial for sustained success.
Use Clay to Get Funding Data
Sales professionals, leverage Clay’s platform to access comprehensive fundraising data on companies like Hydrolix and gather other critical business insights. Sign up for free to start transforming your sales strategy today.
