Logz.io, a leading cloud-native observability platform for modern DevOps teams, today announced a new $23 million funding round led by Pitango Growth, Israel's largest venture capital firm. The new financing round, which includes participation from Logz.io's existing investors, will be used to further accelerate Logz.io's growth and advance its mission to provide customers around the globe with the best-of-class open source observability tools on a unified SaaS platform.

Logz.io is the leading cloud-native observability platform that enables engineers to use the best open source tools in the market without the complexity of operating, managing, and scaling them. Logz.io offers four products: Log Management built on ELK, Infrastructure Monitoring based on open source Grafana, Distributed Tracing based on Jaeger, and an ELK-based Cloud SIEM. These are offered as fully managed, integrated cloud services designed to help engineers monitor, troubleshoot and secure their distributed cloud workloads more effectively. Engineering driven companies like Siemens, Turner Broadcasting, Unity and ZipRecruiter use Logz.io to simplify monitoring and security workflows, increasing developer productivity, reducing time to resolve issues, and increasing the performance and security of their mission-critical applications.