Sumo Logic Completes $75M Funding Round

Sumo Logic, a Redwood City, CA-based cloud-native, machine data analytics platform delivering continuous intelligence, raised $75m in funding.

The round was led by Sapphire Ventures, with participation from new and existing investors including Accel Partners, DFJ Growth, Greylock Partners, Institutional Venture Partners (IVP), Sequoia Capital, Sutter Hill Ventures and others.

The company, which has raised a total of $235m in funding over seven years, intends to use the funds to accelerate growth across the business, spanning engineering, sales and global operations, with a focusĀ on extending the platform capabilities of its service to address growing use cases including operational and security analytics, advanced machine learning and IoT.

Founded in 2010 and led by Ramin Sayar, president and CEO, Sumo Logic is a cloud-native, machine data analytics platform delivering real-time continuous intelligence, from structured, semi-structured and unstructured data across the entire application lifecycle and stack. More than 1,500 customers around the globe, reflecting every major vertical and company size, from born-in-the-cloud leaders like Salesforce, Pinterest, Zuora, Twilio and Airbnb to digital transformation enterprises, such as Marriott, Hearst, F5, Alaska Airlines and Anheuser-Busch, use the solution for the analytics and insights to build, run and secure their modern applications and cloud infrastructures.

FinSMEs

27/06/2017

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