Michael Baum, CEO of Splunk takes the time to note down his impressions on Splunks impressive series C in his own blog:

A few months ago I started working on a next round of funding for our company, Splunk. As an exercise I decided to keep notes on the progress of the fund raising in hopes of looking back and perhaps sharing a thing or two with other entrepreneurs. I've raised a lot of venture money (this is my sixth venture backed start-up) and learned to avoid many of the traps most first time entrepreneurs fall into. This time around I had a chance to apply several best practices I've seen over the years and invent a few new tricks that really helped things go smoothly. We closed a later stage round of financing on outstanding terms in just sixty days from first conversation to money in the bank.

Michael plans more diary entries (this is just number one) so mark his blog in your list.

And btw here is the 'official' news from Splunk:

Splunk, a San Francisco-based provider of a search engine for logs and IT data, has raised $25 million in Series C funding. Ignition Partners led the deal, and was joined by return backers August Capital, JK&B Capital and Sevin Rosen Funds. The company previously raised a $10 million Series B round in early 2006 and a $5 million Series a in late 2004

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