Hydrolix, a Portland-based startup powering real-time log data analytics. Has secured $80 million in fresh funding to scale its high-performance “streaming data lake” platform. The Series C round was led by QED Investors, bringing Hydrolix’s total funding to $148 million to date.
Founded in 2018 by CEO Marty Kagan and CTO Hasan Alayli. Hydrolix is helping some of the world’s largest organizations tame the explosion of machine-generated data flowing through modern digital systems. From fintech to media and e-commerce, companies are generating billions of log events every day. And Hydrolix offers a faster, cheaper way to store, compress, and query that information in real time.
Unlike traditional log management platforms that struggle to keep up with scale or break the bank with storage costs. Hydrolix is designed for speed and efficiency. Its core tech helps companies spot security threats, debug issues, monitor streaming content, and optimize performance as data is generated. Not hours or days later.
“Log data doesn’t just provide a history — it tells a story,” Kagan said in a blog post following the raise. “And it’s not just about what happened in the past. It provides the ability to make educated guesses about the future.”
That kind of insight is becoming mission-critical as companies race to adopt AI tools and strengthen cybersecurity. With cloud usage soaring and observability becoming central to IT infrastructure, Hydrolix is riding a wave of enterprise demand. The company reported 8X revenue growth in 2024 alone, with annual recurring revenue now approaching $40 million.
Its customer list reflects that momentum. Hydrolix serves global brands like Volkswagen, the Paris 2024 Olympics, and Navy Federal Credit Union — all needing low-latency analytics across massive datasets.
To support its growth, Hydrolix has also built a strong partner ecosystem, including Akamai, AWS, and Quesma. That’s a natural fit for Kagan, who previously held leadership roles at Akamai, Fastly, and Jive Software before co-founding Cedexis (acquired by Citrix). Alayli, meanwhile, brings deep technical chops from his time as a principal engineer at Splunk and technical lead at Cedexis.
Hydrolix currently employs 189 people, with plans to expand its engineering and go-to-market teams as it scales its platform globally.
Joining the board as part of the Series C is Chuckie Reddy, partner at QED and head of growth investments, who noted Hydrolix’s “extraordinary traction” in a market where data volumes and compliance pressures are growing daily.
Other returning investors include Blumberg Capital, Frontline Ventures, Pruven Capital, Sozo Ventures, Akamai, AV8 Ventures, Ericsson Ventures, Nava Ventures, Oregon Venture Fund, S3 Ventures, Uncorrelated Ventures, and Wing Venture Capital.
With fresh capital and growing enterprise adoption, Hydrolix is positioning itself as a foundational infrastructure layer for the new era of AI, cloud-native security, and ultra-fast analytics — where every log line matters.
