YScope

Toronto company behind CLP, an open-source log archive platform that compresses logs and searches them without decompressing, deployed at petabyte scale in data centres and on edge devices.

• Describes CLP as an open-source platform for log archive storage, search and analytics that searches logs without decompressing them, for use at the edge and in the cloud. yscope.com ↗

• Publishes an average compression ratio of 88x for CLP against 68x for ClickHouse, 55x for SparkSQL and 4x for Elasticsearch, and names Uber, Walmart and Meta among its users. yscope.com ↗

• BetaKit reports it was founded in 2021 by University of Toronto computer engineering professors and PhDs, and that CLP powers Uber’s production logging platform. betakit.com ↗

• Ontario’s corporate register lists YSCOPE INC. as an active Ontario corporation, incorporated 2015-09-30 — an earlier date than the 2021 founding the company and BetaKit state. ised-isde.canada.ca ↗

• Closed US$3.9M (C$5.3M) in March 2026, its first external financing, raised on a SAFE led by Two Small Fish Ventures with Snow Angels, Next Wave NYC and U of T’s UTEST. betakit.com ↗

1. Mar 18, 2026Funding

   YScope closes $3.9 million USD to track computer activity amid the rise of agentic AI

   BetaKit reported that YScope, a University of Toronto spinout founded in 2021, closed US$3.9 million (C$5.3 million) in its first external financing. The SAFE round was led by Two Small Fish Ventures. Co-founder and CEO Ding Yuan said the funding would build CLP into logging infrastructure for an era in which AI agents, not humans, are the primary consumers of logs.

   betakit.com ↗