Logentries has secured a $10 million (€7.5 million) investment in one of the biggest funding rounds closed in Europe this year.

The company, which started life on the UCD campus before being spun out, collates and analyses the information collected when people use a software system within an organisation.

Millions of these individual log entries can occur on a daily basis even in small companies and being able to monitor and interpret them is potentially of huge value to businesses.

Investors in the company include Polaris Partners, which is in part investing money from the National Pension Reserve Fund.