LogDNA announces $25M Series C investment and new CEO [TechCrunch Blog]
International Business Machines Corporation (IBM)
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Source: TechCrunch Blog
LogDNALet’s start with the funding. Emergence Capital led the round with participation from previous investors Initialized Capital and Providence Equity. New investors TI Platform Management, Radianx Capital, Top Tier Capital and Trend Forward Capital also joined the round. Today’s investment brings the total raised to $60 million, according to the company.Current CEO and co-founder Chris Nguyen says the company provides a centralized way to manage log data for DevOps teams with an eye towards troubleshooting issues and getting applications out faster.New CEO Callaway, whose background includes executive stints at Chef and Sauce Labs, came on board in January as president and CRO with an eye toward moving him into the top spot when the time was right. Nguyen, who will move to the role of Chief Strategy Officer, says everyone was on board with the move, and he was ready to step back into a more technical role.“When we closed the latest round of funding and looked at what the journey fo
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