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ChaosSearch Announces $40 Million Series B Funding Round

Dec 16, 2020•almost 5 years ago

Amount Raised

$40 Million

Round Type

series b

Boston

Description

ChaosSearch, whose next generation data platform for analytics delivers insights at scale for enterprise customers worldwide, today announced it has closed a $40 million Series B funding round co-led by Stripes and Moore Strategic Ventures. This funding comes at the conclusion of a record-breaking 2020 in which the company saw triple digit sales growth, while rapidly expanding its enterprise customer base in the US and Europe. The cash infusion will help ChaosSearch capitalize on the worldwide demand for its solution, which addresses the vexing time, cost and complexity problems that enterprises face in managing today’s data analytics environment.

Company Information

Company

Chaos Search

Location

Boston, Massachusetts, United States

About

About ChaosSearch ChaosSearch enables customers to Know Better™, delivering data insights at scale while achieving the true promise of data lake economics. The ChaosSearch Data Platform connects to and indexes data within a customer’s cloud storage environment, rendering it fully searchable and available for analysis with existing data tools, while delivering massive time, cost and complexity savings. Because ChaosSearch allows customers to use the familiar ElasticSearch API for queries and Kibana for log analytics and visualizations, it is an ideal solution for large customers looking to replace their sprawling ELK stack cluster environment. The privately held company is based in Boston, MA. For more information, visit ChaosSearch.io or follow on Twitter @ChaosSearch and LinkedIn.

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