Connect with us

Technology

Hydrolix Closes $80 Million Series C to Control Ballooning Log Data Storage Cost and Boost Analytics Performance in the AI Age

Published

on

QED leads the round, joined by Pruven, Sozo Ventures, Frontline Ventures, Blumberg Capital and existing investors, including Akamai.

PORTLAND, Ore., April 3, 2025 /PRNewswire/ — Hydrolix today announced the closing of an $80 million Series C investment round, led by QED Investors, joined by Blumberg Capital, Frontline Ventures, Pruven Capital and Sozo Ventures, alongside existing investors that include Akamai, AV8 Ventures, Ericsson Ventures, Nava Ventures, Oregon Venture Fund, S3 Ventures, Uncorrelated Ventures and Wing Venture Capital. Chuckie Reddy, QED partner and head of growth investments, will join the Hydrolix board as a director.

Portland-based Hydrolix solves the problem of ever-ballooning volumes of log data and an existential need to perform analytics on that data to meet demanding security, compliance and service performance expectations. The fast-growing startup has seen an eightfold sales increase in the past year, driven by these trends. Its platform transforms the economics and analytics performance of log data retention. The Hydrolix streaming data lake platform powers security, observability, e-commerce, advertising technology and other log-intensive use cases.

Investors in the Series C were drawn to the deal largely due to Hydrolix’s success in building sales momentum behind a comprehensive channel strategy. The cornerstone of that strategy is a partnership with Akamai, whose TrafficPeak offering is a white label of Hydrolix. Additionally, Hydrolix recently added Amazon Web Services as a go-to-market (GTM) partner and built connectors for massive log-data front-end ecosystems like Splunk. These and similar efforts have driven the company’s sales growth, and the Series C is intended to amplify this momentum.

“This round builds on the discovery that 400-plus new Hydrolix customers have made in the past year,” reflected Marty Kagan, co-founder and CEO of Hydrolix. “Successful global streaming events like the Super Bowl and the Olympics, alongside cloud platform launches like AWS and integrations with ecosystems like Splunk, Databricks and Kibana have greatly expanded our availability and value proposition. This round will help extend Hydrolix availability to additional cloud platforms for the biggest security, observability, adtech and RUM platforms. We’ll also expand the sources of data we ingest while giving customers the power to maintain existing interfaces and processes. Hydrolix is radically reducing the cost to store and apply analytics to our customers’ valuable log data, and that’s propelling our tremendous growth.”

“At QED, we believe data is one of the most powerful assets to a business, especially in the fintech industry,” said QED partner and head of growth investments Chuckie Reddy. “The ability to collect, store and compress data is critical to a company’s success. It was immediately clear to us that Hydrolix leadership’s approach to the market, explosive growth and the world-class team they’ve built were providing the best solution to the market. As data needs increase geometrically, Hydrolix will be instrumental in keeping costs low and increasing the effectiveness of using that data. We are thrilled to partner with Marty and his team on the journey to bringing the Hydrolix solution to financial services and beyond.”

Each investor in the round has expertise and relationships in different vertical markets and geographies. QED brings strong financial services connections, as the firm was co-founded by Nigel Morris, co-founder of Capital One, while Pruven adds insurance, real estate and healthcare to the mix. Sozo Ventures and Frontline Ventures will help accelerate Hydrolix’s already substantial penetration of the Asian and European markets respectively. Blumberg Capital offers expanded access to technology leaders across verticals through its global Innovation Council.

Vertical and Geographic Market Success Driving Growth for Hydrolix 
Financial services companies like Navy Federal Credit Union in the United States and others use Hydrolix for reputation management, compliance and security. Global media streaming events like the FOX Sports broadcast of the Super Bowl and others use Hydrolix to provide a smooth online viewer experience and scale rapidly to ingest tens of millions of log events per second from multiple sources. Read more about these use cases in our blog post.

Hydrolix’s ability to execute internationally has been a key factor fueling its rapid growth. A fully distributed company from its founding, Hydrolix has sales, service and engineering team members in 12 time zones across Asia, Europe, Oceania and South America. More than 40% of the company’s revenue is now earned from international customers. The addition of Sozo Ventures and Frontline Ventures, along with regional partnerships, is intended to solidify this distribution of revenue.

Other Quotes from Investors
“When I co-founded Capital One, few companies at the time understood the power of capturing and analyzing data to make informed business decisions. And because customer data was so expensive to store, it was getting destroyed. We started capturing and retaining the data on our customers to harness extensive data sets and pioneered customised credit card products based on specific customer attributes. And now Capital One is poised to become one of the largest credit card issuers in the world,” said Nigel Morris, co-founder and managing partner at QED Investors. “Today, data is generated in increasingly larger volumes to make these same business decisions, yet companies still lack cost-effective ways to store, index and query data at scale. Hydrolix has created a product to uniquely solve just this problem.”

“With AI driving greater consumption of cloud infrastructure resources, the extraction of intelligence from log data is at risk of being left behind as economics get crushed by the sheer volume of data,” said Brennan O’Donnell, partner at Frontline Ventures. “What attracted us to Hydrolix was not just that they have a product that’s proven itself in production on the largest global stages, but that their timing aligns with market opportunities we already identified. Hydrolix already has a strong European presence, with customers such as Volkswagen and the Paris Olympics, and we’re excited to support their continued expansion and investment across Europe.”

“When we first invested in Hydrolix in 2021, it was the experience and vision of the founding team that drew us in,” said Matt Compton, general partner at Oregon Venture Fund. “Since then, we’ve been impressed with the company’s growth and market traction. We rarely see a company achieve 8x ARR at scale in a single year. Hydrolix is a leader in the innovation ecosystem of Oregon. We’re proud to be a part of the next chapter of the company’s growth and are excited to see the impact it will have on Portland and beyond.”

“We are thrilled to partner with Marty and his team! Hydrolix’s groundbreaking approach to high-performance, cost-efficient data streaming and analytics is transforming the industry,” said Sudip Chakrabarti, partner at Pruven Capital. “Its rapid growth—at a scale rarely seen—underscores the strength of its product and the immense value it delivers to enterprise customers. We see a significant opportunity for our corporate partners in Financial Services to leverage Hydrolix’s solutions for data-in-motion use cases in security and observability, and we look forward to supporting the team as they continue to scale.”

About Hydrolix
Hydrolix is the only data lake platform transforming the economics of log data. With a unique combination of stream processing, decoupled storage, high-density compression and indexed search, Hydrolix’s platform delivers real-time query performance at terabyte scale while dramatically reducing the cost to store and use log data. The platform powers data-intensive applications to elevate business intelligence, optimize operations and drive growth. Companies worldwide deploy Hydrolix for a wide range of use cases, including security, observability, content delivery, digital advertising, AI/machine learning, and regulatory compliance. Founded in 2018 and based in Portland, Ore., Hydrolix is trusted by Fortune 500 companies across diverse industries. For more information, visit https://hydrolix.io.

Media Contact:
Cristin Connelly
Cathey Communications for Hydrolix
cristin@cathey.co

View original content to download multimedia:https://www.prnewswire.com/news-releases/hydrolix-closes-80-million-series-c-to-control-ballooning-log-data-storage-cost-and-boost-analytics-performance-in-the-ai-age-302420041.html

SOURCE Hydrolix

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

SiriusXM Declares Quarterly Cash Dividend

Published

on

By

NEW YORK, July 22, 2026 /PRNewswire/ — SiriusXM (NASDAQ: SIRI) today announced that its Board of Directors declared a quarterly cash dividend of $0.27 per share of common stock. This regular quarterly dividend is payable in cash on August 26, 2026, to stockholders of record at the close of business on August 10, 2026.

About Sirius XM Holdings Inc.
SiriusXM is the leading audio entertainment company in North America with a portfolio of audio businesses including its flagship subscription entertainment service SiriusXM; the ad-supported and premium music streaming services of Pandora; an expansive podcast network; and a suite of business and advertising solutions. Together, SiriusXM reaches a combined monthly audience of approximately 255 million listeners. SiriusXM offers a broad range of content for listeners everywhere they tune in with a diverse mix of live, on-demand, and curated programming across music, talk, news, and sports. For more about SiriusXM, please go to: www.siriusxm.com.

Source: SiriusXM

Investor contacts:
Jennifer DiGrazia
investor.relations@siriusxm.com 

View original content to download multimedia:https://www.prnewswire.com/news-releases/siriusxm-declares-quarterly-cash-dividend-302832548.html

SOURCE Sirius XM Holdings Inc.

Continue Reading

Technology

Shutterstock Announces Capital Allocation Update

Published

on

By

NEW YORK, July 22, 2026 /PRNewswire/ — Shutterstock, Inc. (NYSE: SSTK) (the “Company”), a family of brands delivering scalable creative and GenAI solutions to help customers fuel great work, today announced that at a meeting held on July 20, 2026 its Board of Directors (the “Board”) resolved to suspend the Company’s future quarterly cash dividend.

The Board’s determination reflects its ongoing review of the Company’s capital-allocation priorities and its focus on deploying capital to support long-term value creation for shareholders, including reducing debt, minimizing related interest expense and strengthening financial flexibility.

The Board will continue to evaluate the Company’s capital allocation priorities as part of its regular governance process. Any future declaration and payment of dividends, and the amount thereof, will remain subject to the discretion of the Board and will depend upon the Company’s results of operations, financial condition, capital requirements, contractual restrictions, applicable law, and such other factors as the Board deems relevant.

Forward-Looking Statements

This press release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact are forward-looking statements. Forward-looking statements may discuss intentions and expectations as to future plans, trends, events, results of operations or financial condition, or otherwise. Forward-looking statements speak only as of the date they are made and should not be relied upon as predictions of future events, as there can be no assurance that the events or circumstances reflected in these statements will occur. Forward-looking statements can often, but not always, be identified by the use of forward-looking terminology including “believes,” “could,” “expects,” “intends,” “may,” “might,” “ongoing,” “plans,” “seeks,” “should,” “will,”  or the negative of these words and phrases, other variations of these words and phrases or comparable terminology, but not all forward-looking statements include such identifying words. Forward-looking statements are based upon current plans, estimates and expectations that are subject to risks, uncertainties and assumptions. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may differ materially from those indicated or anticipated by such forward-looking statements. The forward-looking statements in this press release relate to, among other things, the Company’s capital allocation strategy, the suspension of the Company’s quarterly cash dividend, the Company’s plans with respect to debt reduction, interest expense management and financial flexibility, and any future declaration and payment of dividends. For a discussion of factors that could cause actual results to differ materially from those contemplated by forward-looking statements, see the sections captioned “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2025, the Company’s Quarterly Reports on Form 10-Q, and the Company’s other filings with the Securities and Exchange Commission. While those factors are considered representative, no list of risk factors should be considered a complete statement of all potential risks and uncertainties. Unlisted factors may present significant additional obstacles to the realization of forward-looking statements. The Company assumes no obligation to update forward-looking statements, and the Company disclaims any such obligation, except as may be required by law.

About Shutterstock
Shutterstock is in the business of turning ideas into impact. Powered by a global network of millions of creators and our cutting-edge technology, we provide businesses, creatives, and brand leaders with the essential, universal ingredients to make their work more effective. Shutterstock offers access to one of the world’s largest and most diverse collections of high-quality licensable assets, specialized training datasets, evaluation tools, and end-to-end strategic partnerships for the full model training lifecycle, as well as advertising and distribution solutions, exclusive editorial content, and full-service studio production—delivering unparalleled resources to fuel great work.

Discover our impact at www.shutterstock.com and connect with us on LinkedIn, Instagram, X, Facebook and YouTube.

View original content to download multimedia:https://www.prnewswire.com/news-releases/shutterstock-announces-capital-allocation-update-302832484.html

SOURCE Shutterstock, Inc.

Continue Reading

Technology

ICI Welcomes Bipartisan Sponsors of Bill to Stop States from Seizing Long-Term Investors’ Savings

Published

on

By

WASHINGTON, July 22, 2026 /PRNewswire/ — The Investment Company Institute released the following Viewpoints blog. To learn more about why this issue matters and how the SAFER Act would help protect American investors, watch our video on LinkedIn.

Millions of American investors have adopted the advice given by financial advisors to invest for the long term and then leave those savings alone. In some states, however, following this guidance can get your account seized. That was the warning sounded at an event featuring the sponsors of the bipartisan SAFER Act, Representatives Sam Liccardo (D-CA) and Mike Lawler (R-NY), who joined ICI leaders to make the case for a federal solution to the problem of state unclaimed property laws that can treat buy-and-hold investors as though they have disappeared. 

ICI President and CEO Eric Pan opened the event by outlining the nature of this growing threat. More than 128 million Americans invest in regulated funds, many with the intention of holding them for years, following the advice of many financial educators to “stay in the market, invest for the long term.” They put their money away and go about their lives, confident that the savings will be there when they need it. But under some states’ laws, an account that shows no activity can be declared abandoned and taken into state custody through a process called escheatment.

Pan walked through what seizure means in practice. When a state escheats an investment account, it typically liquidates the holdings — so even an investor who eventually recovers the money gets back only what the account was worth at seizure, with no credit for years of market gains. For retirement accounts, the forced liquidation can also trigger unforeseen tax consequences. And recovering the money at all can take years of paperwork and persistence. Meanwhile, some states are moving in the wrong direction, loosening their rules to make it easier to capture assets. 

“This is where the leadership of Congressmen Lawler and Liccardo is so important,” Pan said. “They’ve introduced the SAFER Act, a federal solution to a problem that exists across the United States. This patchwork of different legal standards, and the fact that the legal standards change constantly, creates a lot of confusion and creates this risk and harm that we’re so worried about.” 

In a panel discussion, the two lawmakers described the issue as an obvious place for Democrats and Republicans to find common ground, given Americans’ widespread use of investment accounts for saving.

“We are, for the most part, a group of Americans who sit on our investments, which is more or less the right strategy,” Liccardo said, noting that this is exactly the approach that inactivity standards put at risk. 

Liccardo pointed to the widely reported case of Walter Schramm, an investor who bought Amazon shares in the late 1990s and then did what many long-term investors do: leave the account be. Delaware deemed the account abandoned and liquidated the shares in 2008, when they worth about $8,000. By the time Schramm discovered what happened years later, the position would have been worth roughly $100,000.

The financial incentives driving state behavior are a concern, Liccardo noted. Unclaimed property has become one of Delaware’s largest sources of revenue, bringing in more than half a billion dollars a year — a powerful reason for states to loosen their standards rather than tighten them. 

Lawler contrasted legitimate unclaimed property programs and what some states are doing now. “It’s one thing to get an asset because it’s truly abandoned,” he said. “It’s another to basically target a group of investors who have a long-term strategy of just not touching the asset and being passive.”

The right standard, Lawler argued, is the obvious one: before seizing investment assets, a state should have to prove the owner is actually deceased. He posited that most Americans would be shocked to learn how little protection they have. “You think you have ownership of this asset, but the state, under current law, can just take it.”

The SAFER Act would establish federal guardrails ensuring that inactivity alone cannot be the basis for escheatment and that states confirm the death of an owner and that no estate or beneficiary has claimed the assets before escheating investment accounts. It would also require states to leave unclaimed investments in place, rather than liquidating them, until they can prove abandonment.

Both lawmakers said the path to fixing the problem is through public awareness of the threat some state laws pose to Americans financial security. “Ultimately the American people will rise up,” Liccardo said. “It may take a little while. We just have to get the information to them.”

Contact: media@ici.org 

View original content to download multimedia:https://www.prnewswire.com/news-releases/ici-welcomes-bipartisan-sponsors-of-bill-to-stop-states-from-seizing-long-term-investors-savings-302832606.html

SOURCE Investment Company Institute

Continue Reading

Trending