What is Sumo Logic?
Sumo Logic is a prominent software-as-a-service (SaaS) analytics platform dedicated to ensuring the reliability and security of modern, cloud-native applications. Its mission centers on empowering digital businesses by providing robust analytics for both observability and security solutions. Through its multi-tenant, cloud-native platform, Sumo Logic enables customers to achieve application reliability, defend against sophisticated security threats, and gain deep insights into their cloud infrastructure, ultimately transforming their operations and enhancing user digital experiences.
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 Shlomo Kramer, Sutter Hill Ventures, and Greylock Partners
Series C (2012): $30M supported by Greylock Partners, Accel, and Sutter Hill Ventures
Series D (2014): $30M featuring Greylock Partners, Sutter Hill Ventures, Steamboat Ventures, and Accel Partners
Series E (2015): $80M backed by Greylock Partners, Draper Associates, Sutter Hill Ventures, Accele Partners, and Steamboat Ventures
Series F (2017): $75M with participation from Steamboat Ventures, Greylock Partners, Accel, Sapphire Ventures, Draper Fisher Jurvetson (DFJ), and Sutter Hill 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 known for investing in exceptional entrepreneurs at all stages, aiming to build category-leading companies. Their portfolio includes numerous successful technology ventures, indicating a strong focus on innovation and scalable businesses.
Sutter Hill Ventures
Sutter Hill Ventures is a venture capital firm that specializes in financing technology-based startups. They provide significant operational and venture capital experience, assisting entrepreneurs in building market-leading companies with expertise in strategy, business development, and financing.
Steamboat Ventures
Steamboat Ventures focuses on investing in early to growth-stage companies within the technology, media, and consumer sectors, aiming to help young companies become market leaders. Their approach emphasizes creating lasting value and nurturing portfolio company growth.
What's next for Sumo Logic?
The substantial enterprise-level funding Sumo Logic has attracted positions it for continued expansion and innovation. This capital infusion is expected to fuel further development of its analytics platform, enhance its go-to-market strategies, and potentially explore new market segments. As a key player in the cloud-native analytics space, Sumo Logic is poised to capitalize on the increasing demand for robust observability and security solutions, driving its next phase of growth and solidifying its leadership in the industry.
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