What is Sumo Logic?
Sumo Logic is a software-as-a-service (SaaS) analytics platform designed to ensure the reliability and security of cloud-native applications. The company's mission centers on delivering comprehensive insights across observability and security, enabling customers to monitor application performance, defend against sophisticated security threats, and gain a deeper understanding of their cloud infrastructure. By leveraging real-time, machine data analytics, Sumo Logic empowers businesses to transform their operations and enhance digital experiences for their end-users. The company's focus on cloud applications positions it as a critical partner for modern digital enterprises.
How much funding has Sumo Logic raised?
Sumo Logic has raised a total of $671.5M across 8 funding rounds:
Series A
$5.5M
Series B
$15M
Series C
$30M
Series D
$30M
Series E
$80M
Series F
$75M
Unspecified
$110M
Stock Offering
$326M
Series A (2010): $5.5M with participation from Greylock Partners
Series B (2012): $15M led by Sutter Hill Ventures, Greylock Partners, and Shlomo Kramer
Series C (2012): $30M supported by Sutter Hill Ventures, Greylock Partners, and Accel
Series D (2014): $30M featuring Steamboat Ventures, Greylock Partners, Sutter Hill Ventures, and Accel Partners
Series E (2015): $80M backed by Greylock Partners, Sutter Hill Ventures, Draper Associates, Accele Partners, and Steamboat Ventures
Series F (2017): $75M with participation from Sutter Hill Ventures, Sapphire Ventures, Accel, Greylock Partners, Draper Fisher Jurvetson (DFJ), and Steamboat Ventures
Unspecified (2019): $110M led by TriplePoint Venture Growth BDC, Franklin Templeton Investments, and Battery Ventures
Stock Issuance/Offering (2020): $326M, investors not publicly disclosed
Key Investors in Sumo Logic
Greylock Partners
Greylock Partners is a venture capital firm that invests in exceptional entrepreneurs, supporting companies at all stages with the goal of developing global category leaders. They are known for their strategic approach to scaling portfolio companies.
Sutter Hill Ventures
Sutter Hill Ventures is a venture capital firm that finances technology-based start-ups, assisting entrepreneurs in building market-leading companies. They bring extensive operating and venture capital experience to their investments.
Steamboat Ventures
Steamboat Ventures focuses on helping young companies become market leaders by investing in early to growth stage technology, media, and consumer companies. They are dedicated to creating lasting value in their portfolio companies.
What's next for Sumo Logic?
The substantial enterprise-level funding Sumo Logic has garnered, including its recent major strategic investment, positions the company for accelerated expansion and innovation. This capital infusion is expected to fuel further development of its analytics platform, enhancing its capabilities in both observability and security domains. Strategic investments of this magnitude often indicate a company's readiness to scale operations, expand market reach, and potentially pursue strategic acquisitions. Sumo Logic is poised to further solidify its leadership in the competitive cloud-native analytics market, driving advancements in how businesses manage and secure their digital infrastructure.
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