Sumo Logic Completes $75 Million Funding
June 27, 2017
Share this

Sumo Logic announced a $75 million funding round 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. Sumo Logic has raised a total of $235 million in funding over seven years.

“As businesses increasingly standardize on cloud computing and new operating models such as DevOps to digitally transform, they are also standardizing on new analytics technologies powered by machine learning that provide continuous intelligence to build, run and secure modern applications,” said Ramin Sayar, President and CEO of Sumo Logic. “Sumo Logic’s big bet that a cloud-native, machine data analytics service would become a must-have capability in the digital era is paying off. This investment from Sapphire Ventures and others, along with additional funding by our full investor syndicate, reflects the company’s progress and provides the capital needed to become the dominant SaaS leader in the machine data analytics category.”

The funding will fuel growth across Sumo Logic’s business – spanning engineering, sales and global operations – with an emphasis on extending the platform capabilities of its service to address growing use cases including operational and security analytics, advanced machine learning and IoT.

“The entire analytics sector is being turned upside down by the tectonic shifts in cloud computing, mobile and machine learning, creating the opportunity for new innovative companies to thrive and win major market share,” said Jai Das, Managing Director at Sapphire Ventures. “Sapphire invested in Sumo Logic because we believe it has many of the dynamics we feel are required for long-term, sustainable leadership – a proven product/market fit, differentiated solution, clear vision, category leadership position, an experienced team, and an addressable market that is rapidly growing. We are excited to partner with Sumo Logic on the next stage of its journey.”

Share this

The Latest

June 15, 2018

When it comes to their own companies, 50% of IT stakeholders think they are leaders and will disrupt, while 50% feel they are behind and will be disrupted by the competition in 2018, according to a new survey of IT stakeholders from Alfresco Software and Dimensional Research. The report, Digital Disruption: Disrupt or Be Disrupted, is a wake-up call for the C-suite ...

June 14, 2018

If you are like most IT professionals, which I am sure you are, you are dealing with a lot issues. Typical issues include ...

June 13, 2018

The importance of artificial intelligence and machine learning for customer insight, product support, operational efficiency, and capacity planning are well-established, however, the benefits of monitoring data in those use cases is still evolving. Three main factors obscuring the benefits of data monitoring are the infinite volume of data, its diversity, and inconsistency ...

June 11, 2018

Imagine this: after a fantastic night's sleep, you walk into the office ready to attack the day. You sit down at your desk ready to go, and your computer starts acting up. You call the help desk, but all IT can do is create a ticket for you and transfer it to another team to help you as soon as possible ...

June 08, 2018

As many IT workers develop greater technology skills and apply them to advance their careers, many digital workers in non-IT departments believe their CIO is out of touch with their technology needs. A Gartner, Inc. survey found that less than 50 percent of workers (both IT and non-IT) believe their CIOs are aware of digital technology problems that affect them ...

June 07, 2018

CIOs of 73% of organizations say the need for speed in digital innovation is putting customer experience at risk, according to an independent global survey of 800 CIOs commissioned by Dynatrace ...

June 05, 2018

Digital Transformation requires more than just the latest technology, it's a mindset that iterative change is on the way and should be embraced. This also requires us to factor in the people and process parts of the equation and find ways to measure the end-user-experience (EUE). One way to do this is to sponsor an Application Performance Monitoring (APM) initiative that can provide visibility to the business, help communicate the progress, and highlight the impacts to the organization. ...

June 01, 2018

While DevSecOps, much like DevOps itself, is more about changing IT culture than employing certain types of technology, some tools can be an important support. To find out what the right tools are, DEVOPSdigest asked experts from across the IT industry for their opinions on the top tools to support DevSecOps ...

May 31, 2018

Availability has cemented itself as one of the most essential elements of any successful data center. However today, what many organizations are beginning to realize — sometimes the hard way — is that traditional methodologies and technologies for high availability (HA) have limits. What's needed instead is a new approach that enables the dynamic transfer of workloads in IT environments based on optimizing the particular job at hand ...

May 30, 2018

Self-driving cars, integrated toys, smart home appliances, and even critical infrastructure have all become part of the ecosystem of Internet of Things (IoT) devices, which begs the concerning question, "How will network administrators process all the data generated?" ...