Sumo Logic Closes $110M Funding Round

sumo logicSumo Logic, a Redwood City, Calif.–based cloud-native, machine data analytics platform that delivers continuous intelligence, raised $110m in funding.

The round, which brought total funding raised to date to $325m, was led by Battery Ventures, with participation from new investors Tiger Global Management and Franklin Templeton, and existing investors.

The company intends to use the funds to accelerate the business – spanning engineering, sales, and global operations – with a focus on extending the platform analytics capabilities of its service. These new capabilities address the operational, security and business requirements of modern businesses as they rapidly adopt new multi-cloud and hybrid-cloud infrastructure, architecture, tools, and processes.

Founded in 2010 and led by Ramin Sayar, president and CEO, Sumo Logic Sumo Logic provides a cloud-native, machine data analytics service, delivering real-time, continuous intelligence from structured, semi-structured and unstructured data across the entire application lifecycle and stack.
The company has a current valuation of over $1 billion, more than $100m in FY19 revenue, and over 2,000 customers and more than 100,000 users worldwide, representing every major vertical and company size, from born-in-the-cloud leaders like Airbnb, Pinterest, The Pokemon Co. International, Samsung SmartThings, and Zuora, to digital transformation enterprises such as ABinBev, Adobe, Alaska Airlines, BBC, Genesys, Hearst Media, Infor, Levi’s, Marriott, Pitney Bowes and USA TODAY NETWORK.



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