Hydrolix Secures $80M Series C Funding for Data Lake Platform Expansion

Portland-based Hydrolix has successfully closed an $80 million Series C funding round, led by QED Investors, with participation from several other venture firms and existing investors. The company, which specializes in a streaming data lake platform for storing and analyzing vast quantities of log data, has reported an impressive eightfold increase in revenue over the past year. Hydrolix's platform is used by various industries for security, compliance, and performance analytics, and is particularly beneficial for fintech, media, and e-commerce sectors. The funding will be utilized to expand the platform's availability across more cloud services and enhance its data ingestion capabilities. CEO Marty Kagan emphasized the importance of log data in providing insights not only into past events but also for predictive analytics. The round also sees Chuckie Reddy from QED joining the Hydrolix board as a director.