December 12, 2013, Halifax, Nova Scotia. topLog, a Halifax-based start up announced today that they have secured a $400,000 in seed financing to bring their innovative product to the market.
topLog created a solution that makes analyzing huge and complex log data in enterprises and data center environments a lot faster and easier.
Innovacorp, A Nova Scotia based Venture Capital organization led the financing round with a $250,000 and was joined by BDC Venture Capital with another $150,000 after the company’s graduation from the Launch 36 accelerator program.
“This seed investment will allow us to further fine tune our unique technology, and in turn, bring cost savings to enterprises by way of helping them better understand the root of their system problems.” said Ozge Yeloglu, CEO of topLog and added “80% of downtime is actually spent on finding the root cause of the failure. It is hard to believe but problem detection is still much of a manual work done by system administrators.”
Unlike other solutions, topLog learns from the system itself and creates the normal and abnormal behaviour of the systems automatically. This way, topLog can present “the needle in the haystack” to the system administrators, rather than having them spend hours finding that “needle”.
“We are very excited about the opportunity we have with topLog. There are solving a big problem that will only get worse as we usher into the era of big data.” said Dawn Umlah, Innovacorp investment manager.
Company is already doing closed trials with select clients and public beta is expected as early as February 2014.
Co-founded in 2013 by Ozge Yeloglu, Tokunbo Makanju and Patrick LaRoche, topLog is a Halifax based company that decreases the system downtime dramatically by reducing the problem detection time as well as predicting system fault and failures.
Innovacorp is Nova Scotia’s early-stage venture capital organization. Target industries include information technology, clean technology and life sciences.
902.424.8670 ext. 1189