Your time is Your Life-Your Life is Your Wealth

Gigaom

Elasticsearch, the company behind the popular open source search engine, has raised a $70 million series C round of venture capital from New Enterprise Associates. Existing investors Benchmark Capital and Index Ventures also participated. The company has now raised $104 million since launching in early 2012.

That’s a significant amount of money for such a young company, and an open source one at that, but it goes to show that users can matter in enterprise IT just as much as they do in the consumer world. When we profiled Elasticsearch in January, the open source project for quickly indexing and searching JSON files — which also includes a log-management tool called Logstash and a visualization tool called Kibana — had surpassed 6 million downloads and the company had just launched its first commercial product, a monitoring tool called Marvel.

The company now claims more than 8 million downloads and…

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