Spain’s LogTrust raises $35 million in Series B funding

LogTrust, a Spanish big data analytics company, has raised $35 million in a Series B round led by Insight Venture Partners with participation from Kibo Ventures.

LogTrust has developed a big data analytics platform for enterprise IT systems, which is used for monitoring operations, security, and detecting fraud.

“We are very excited to have Insight be part of this next stage of LogTrust growth,” said CEO Pedro Castillo. “Their expertise in helping innovative companies scale is exactly why we decided to partner with them.”

“LogTrust has built a cloud based solution that fundamentally changes the speed, scale, and operation cost equation of big data analytics. Insight is proud to partner with LogTrust in this next phase of growth,” added Jeff Horing, managing director of Insight Venture Partners, who will be joining the company’s board of directors.

The company was founded in Madrid and now has offices in Silicon Valley. It previously raised $11 million in funding earlier this year.

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