ZincSearch Announces $3.6 Million Round of Funding to Redefine Log Analytics Search Engines | News

SAN FRANCISCO–(BUSINESS WIRE)–May 19, 2022–

ZincSearch, the company redefining search engine technology, today announced a $3.6 million funding round led by Nexus Venture Partners with participation from Dell Technologies Capital, Secure Octane, Cardinia Ventures and leading technologies, including Anand Babu Periasamy, Balaji Parimi, Rob Skillington, Anshu Sharma, Luke Kim, Awais Nemat, Dan Pinto and Alex Gallegos. Abhishek Sharma, managing director of Nexus Venture Partners, will also join ZincSearch’s board.

Unstructured data is an incredibly valuable business asset. However, as organizations experience massive influxes of unstructured data from disparate sources, it becomes more difficult to extract the full value from their data. Zinc, a next-generation private search engine from ZincSearch, brings order to chaos, enabling organizations to quickly and efficiently query their datasets and extract actionable insights.

Founded by Prabhat Sharma, a former solutions architect at AWS, ZincSearch was born out of the realization that large enterprise customers faced significant cost and maintainability issues in querying and managing their data. Most organizations rely on legacy software like Elasticsearch, which was created over a decade ago, on expensive hosted services. Zinc addresses these challenges with a single, binary, low-resource executable built in a modern language with no dependencies.

“Almost every company I spoke to complained about the complexity and cost of their log storage.” said Prabhat Sharma, founder of ZincSearch. “With the ELK stack on one side and expensive hosted solutions – most of them with Elasticsearch underneath – on the other side, we needed a modern, easy-to-use, and cost-effective solution that solves the problem. in an elegant way. ZincSearch provides a modern search platform that alleviates the problem of searching and analyzing logs.”

Originally an open source project on GitHub, Zinc amassed over 7,900 GitHub stars in just five months, making it one of the fastest growing open source enterprise projects in the past 12 months.

Zinc is built on the premise that setting up and running a search engine shouldn’t require countless hours of valuable work. A modern search engine must be light and not consume exorbitant resources, limit costs and guarantee optimal performance. Zinc deploys in less than two minutes on a server or laptop via a single binary executable with no dependencies. Zinc is built on a modern technology stack of Go and VueJS which enables rapid development through fast iteration and easy operations with low resource usage for users. Zinc also has much lower resource requirements than its competitors.

“We are delighted to partner with Prabhat,” said Abhishek Sharma, Managing Director of Nexus Venture Partners. “The volumes of data generated by machines are exploding. There are growing complaints that current log search solutions are complex and bloated. Their price is misaligned with value. Developers urgently need a powerful log search solution that’s easy to configure, quick to time to value, cost-effective, and scalable. We think ZincSearch can be a game changer here. »

Technology teams typically use search engines to index gigabytes, terabytes, or even petabytes of logs and find errors or issues that affect applications. Unfortunately, due to rising storage costs – disk storage typically costs ten times more than S3 storage in a cluster due to replication requirements – and search engine inefficiencies, teams have to today often compromise on the amount of logs they can store, creating incomplete datasets. Zinc supports object storage as the primary means of storage for distributed search.

About ZincSearch

Originally an open source project built by former Amazon architect Prabhat Sharma after years of hearing customers complain about the cost, maintainability and complexity of legacy search engines, ZincSearch redefines search engine technology enabling anyone to deploy search engines and extract valuable and actionable information. from their data in one click. One of the fastest growing open source enterprise projects with over 7,900 GitHub stars, ZincSearch is backed by Nexus Venture Partners, Dell Technologies Capital and others. For more information visit https://zincsearch.com

About Nexus Venture Partners

Nexus Venture Partners is a leading venture capital firm that partners with extraordinary entrepreneurs building product-driven businesses. With $2 billion under management, Nexus operates as one team in the US and India. Nexus Wallet includes Apollo.io, Aryaka, Clover Health, Delhivery, Druva, FingerprintJS, Hasura, H2O.ai, Infra Market, Kaltura, Mezi, MinIO, Observe.ai, Postman, Pubmatic, Quizizz, Rancher, Sibros, TileDB, Turtlemint, Unacademy, WhitehatJr, Zepto and Zomato. For more information, visit www.nexusvp.com or follow @nexusvp on Twitter.

About Dell Technologies Capital

Dell Technologies Capital is the global venture capital investment arm of Dell Technologies. DTC’s investment team backs passionate founders who push the boundaries of technology innovation for businesses. Investing at a rate of over $200 million per year, the team has backed over 130 startups with notable investments in companies including Arista Networks, Cylance, Docusign, Graphcore, Humio, JFrog, Minio, MongoDB, Netskope, Nutanix, Nuvia, Redis, RedLock, Twistlock, Xometry, and Zscaler. Based in Palo Alto, Calif., DTC also has offices in Boston and Israel. For more information, visit www.delltechnologiescapital.com.

See the source version on businesswire.com: https://www.businesswire.com/news/home/20220519005340/en/

CONTACT: Prabhat Sharma

[email protected]

KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA

INDUSTRY KEYWORD: DATA MANAGEMENT COMMUNICATIONS TECHNOLOGY SEARCH ENGINE OPTIMIZATION SOFTWARE NETWORKS INTERNET

SOURCE: Zinc Research

Copyright BusinessWire 2022.

PUBLISHED: 05/19/2022 10:05 AM/DISC: 05/19/2022 10:06 AM

http://www.businesswire.com/news/home/20220519005340/en

Rosemary S. Bishop