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

December 12, 2019

Industry experts offer thoughtful, insightful, and often controversial predictions on how APM and related technologies will evolve and impact business in 2020. Part 2 covers AIOps, AI and Machine Learning (ML) ...

December 11, 2019

As the New Year approaches, it is time for APMdigest's 10th annual list of Application Performance Management (APM) predictions. Industry experts offer thoughtful, insightful, and often controversial predictions on how APM and related technologies will evolve and impact business in 2020 ...

December 10, 2019

Enterprises with services operating in the cloud are overspending by millions due to inefficiencies with their apps and runtime environments, according to a poll conducted by Lead to Market, and commissioned by Opsani. 69 Percent of respondents report regularly overspending on their cloud budget by 25 percent or more, leading to a loss of millions on unnecessary cloud spend ...

December 09, 2019

For IT professionals responsible for upgrading users to Windows 10, it's crunch time. End of regular support for Windows 7 is nearly here (January 14, 2020) but as many as 59% say that only a portion of their users have been migrated to Windows 10 ...

December 05, 2019

Application performance monitoring (APM) has become one of the key strategies adopted by IT teams and application owners in today’s era of digital business services. Application downtime has always been considered adverse to business productivity. But in today’s digital economy, what is becoming equally dreadful is application slowdown. When an application is slow, the end user’s experience accessing the application is negatively affected leaving a dent on the business in terms of commercial loss and brand damage ...

December 04, 2019

Useful digital transformation means altering or designing new business processes, and implementing them via the people and technology changes needed to support these new business processes ...

December 03, 2019
The word "digital" is today thrown around in word and phrase like rice at a wedding and never do two utterances thereof have the same meaning. Common phrases like "digital skills" and "digital transformation" are explained in 101 different ways. The outcome of this is a predictable cycle of confusion, especially at business management level where often the answer to business issues is "more technology" ...
December 02, 2019

xMatters recently released the results of its Incident Management in the Age of Customer-Centricity research study to better understand the range of various incident management practices and how the increased focus on customer experience has caused roles across an organization to evolve. Findings highlight the ongoing challenges organizations face as they continue to introduce and rapidly evolve digital services ...

November 26, 2019

The new App Attention Index Report from AppDynamics finds that consumers are using an average 32 digital services every day — more than four times as many as they realize. What's more, their use of digital services has evolved from a conscious decision to carry around a device and use it for a specific task, to an unconscious and automated behavior — a digital reflex. So what does all this mean for the IT teams driving application performance on the backend? Bottom line: delivering seamless and world-class digital experiences is critical if businesses want to stay relevant and ensure long-term customer loyalty. Here are some key considerations for IT leaders and developers to consider ...

November 25, 2019

Through the adoption of agile technologies, financial firms can begin to use software to both operate more effectively and be faster to market with improvements for customer experiences. Making sure there is the necessary software in place to give customers frictionless everyday activities, like remote deposits, business overdraft services and wealth management, is key for a positive customer experience ...