Logmind secures seed financing to advance cloud-based log data analysis platform
15.02.2024
The newly acquired funds will empower Logmind to strengthen its market footprint, scale its team, and drive forward its research and development initiatives, positioning the company for accelerated growth and continued industry leadership.
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Logmind, an EPFL spinoff, has developed a web-based SaaS platform based on artificial intelligence and machine learning that allows billions of log data from complex IT systems to be analysed in real-time and converted into meaningful insights. After analysing the log data, the platform informs IT teams of potential infrastructure or network problems and provides recommendations for solutions. The platform thus facilitates the work of IT managers and developers by streamlining the administration, maintenance and security of their IT assets. The target group for this solution includes medium and large companies in Switzerland and Europe.
The Seed Financing round, led by Spicehaus Partners and backed by a group of angel investors from four different countries, will help the company accelerate the development and commercialization of its cloud-based log data analysis platform. The funds will also be used to strengthen Logmind's market presence, expand its team, and support further R&D efforts.
Logmind won the first stage of Venture Kick in 2018.
The Seed Financing round, led by Spicehaus Partners and backed by a group of angel investors from four different countries, will help the company accelerate the development and commercialization of its cloud-based log data analysis platform. The funds will also be used to strengthen Logmind's market presence, expand its team, and support further R&D efforts.
Logmind won the first stage of Venture Kick in 2018.