Splunk Gets $10M
SAN FRANCISCO -- Splunk (www.splunk.com), creators of the first search software for fast moving IT data, today announced they’ve secured $10 million in a second round of funding. JK&B Capital joins the Splunk team along with existing investors August Capital and Sevin Rosen Funds.
JK&B partner and industry veteran Marc Sokol will join the Splunk Board of Directors. Marc’s 30 years in the software industry make him a perfect fit with the Splunk team. Before joining JK&B, he was Senior Vice President and General Manager, Global Marketing with Computer Associates. Prior to CA, Marc co-founded Realia, Inc., where he co-authored the Realia COBOL compiler, runtime and various utilities. Earlier in his career he was a software developer at NASA's Goddard Space Flight Center. Marc is widely recognized as an authority on Internet and infrastructure technologies and has addressed the United Nations on the challenges of managing global computer infrastructures.
"The widespread adoption of distributed heterogeneous architectures makes troubleshooting increasingly difficult and expensive in today’s data center environments. The challenge has evolved from managing individual devices and components to finding the root cause of problems among the plethora of interactions between all the infrastructures moving parts," said Marc Sokol, Partner, JK&B Capital. "Splunk has delivered the solution to this problem by leveraging the growing mass of existing IT data from any source. We are convinced that search will be the dominant technology for troubleshooting complex IT environments."
More than 15,000 system administrators, developers and support engineers have downloaded the Splunk Server since its launch in August 2005. Fortune 500 companies, developers and consultants in the United States, as well as globally across Europe, Australia, India, and Kenya, are splunking their systems to troubleshoot problems faster, improve service quality, and reduce the cost of responding to incidents. The demand for quickly searching through complex mountains of production IT data is turning Splunk into a global experience.
In addition to the incredible growth of the Splunk Community, Splunk Powered, the company’s OEM partner program, is providing the ability for software companies, data center device and appliance vendors, and hosted service providers to integrate Splunk’s advanced search and troubleshooting technology into their own offerings.
"We are excited to have Marc and the JK&B team join Splunk," said Michael Baum, Chief Executive Splunker. "This second round of funding will accelerate our goal of having Splunk everywhere. We will continue to advance the ability to Splunk any IT data in increasingly useful ways and improve the lives of all IT professionals. We will use this new investment to drive the world-wide adoption of Splunk in the data center through our growing Splunk Community and OEM partnerships with leading technology vendors through our Splunk Powered program."