CrowdStrike acquires log data analysis startup Humio for $400 million

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CrowdStrike, a cloud-native cybersecurity company focused on endpoint protection and threat intelligence for enterprises, has announced plans to acquire U.K.-based log analysis and observability startup Humio in a mostly cash deal worth approximately $400 million.

Humio emerged as a notable player in the cloud log-management and observability sphere after being founded out of London in 2016 with the native ability to ingest and analyze both unstructured and semi-structured data. The startup had secured more than $30 million in funding from backers like Accel and Dell, with customers including Microsoft and Bloomberg.

Founded in 2011, CrowdStrike helps companies spot signs of an impending attack through entry points such as employee laptops or mobile devices