Bengaluru-based log analytics startup Parseable has raised $2.75 million in its seed round. The round was led by Peak XV’s Surge alongside NP-Hard Ventures. The fresh capital injection will be used to further accelerate the company’s innovative solutions for managing the voluminous log data generated by today’s rapidly digitalizing businesses.
Parseable uses open formats such as Apache Parquet and Apache Arrow, which are crucial for breaking down the silos of data that typically exist within organizations. By adopting these open standards, Parseable ensures log data is not just accessible but also interoperable, making it easier to integrate with other tools and systems.
“Every business I spoke with expressed frustration with the expense and complexity of log analytics, and they were searching for fresh approaches to glean insights from their data. The foundation is shifting away from siloed data architecture, according to Parseable founder Nitish Tiwari.
Founded in 2022 by Nitish Tiwari, Parseable offers a robust solution for developers, providing them with efficient tools to store and manage log data. This is increasingly critical as businesses face the challenge of handling an ever-expanding array of data from enterprise logs.
The startup claims its use of open forms like Apache Parquet and Apache Arrow enhances accessibility and interoperability of log data, facilitating easier integration with other tools and systems. This strategic approach ensures that companies can effectively manage their data, regardless of volume or infrastructural constraints.