Sumo Logic announced a $110 million funding round led by Battery Ventures, with contributions from new investors including Tiger Global Management and Franklin Templeton, as well as participation from existing investors.
“Sumo Logic’s growth is driven by the shift to digital business and cloud adoption across all industries and companies of all sizes,” said Ramin Sayar, President and CEO, Sumo Logic. “We have proven that we are the platform of choice for not only cloud-native companies, but also enterprise companies and their cloud migration initiatives. It's great to have such a powerful set of leading investors and ecosystem partners as we accelerate our category leadership.”
This $110 million in funding brings total funding to date to $345 million. The investments will continue to fuel Sumo Logic’s business – spanning engineering, sales, and global operations – with an emphasis 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.
“We have been tracking the Sumo Logic team for some time, and admire the company’s early understanding of the massive cloud-native opportunity and the rise of new, modern application architectures,” said Dharmesh Thakker, General Partner, Battery Ventures. “The company’s fast-growing business dovetails with Battery’s larger thesis on “OpenCloud”—open-source and cloud-native technologies working with, not against, new cloud distribution models—and we are thrilled to partner with the team to capture the significant opportunity ahead.”
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