Welcome!

News Feed Item

Sumo Logic Partners With Sequoia and Raises $30 Million to Expand Globally

Machine Learning, Elastic Scale Driving Rapid Adoption of Company's Machine Data Analytics Platform

REDWOOD CITY, CA -- (Marketwired) -- 05/20/14 -- Sumo Logic, the next generation machine data analytics company, today announced that it has raised $30 million in a round led by Sequoia Capital, with participation from existing investors Greylock Partners, Sutter Hill Ventures and Accel Partners. The additional funding will enable geographic expansion into EMEA and Asia Pacific regions, development of go-to-market initiatives, and the addition of technical functionality to the Sumo Logic machine data analytics platform. Sumo Logic has raised a total of $80.5 million in funding.

"Machine data used to be little more than exhaust. Now it's the fuel that powers operational efficiency, information security, and insights into customer behavior," said Pat Grady, partner, Sequoia Capital. "We were shocked to learn that customers can start analyzing production data in minutes, which makes Sumo Logic an easy choice over on-premise alternatives."

With machine data expected to grow 15 times by 2020, enterprises are looking to leverage their data for actionable insights that lead to new operational efficiencies and improved security posture. Year-over-year, the Sumo Logic customer base has grown over 200 percent and bookings have expanded by 500 percent.

"By every measure, we have experienced explosive growth over the last year and this lead investment from Sequoia provides another huge validation of our business and large upside," said Vance Loiselle, CEO of Sumo Logic. "As we continue executing on our vision in 2014, we are seizing the opportunity to expand our talent roster and extend our business into the wide-open European and Asia Pacific markets as demand for machine data analytics soars."

"Our Sumo Logic investment highlights our thesis that organizations are rapidly taking advantage of cloud computing and unique analytics to add significant value to their IT and security initiatives," said Joseph Ansanelli, partner, Greylock Partners. "The Sumo Logic team continues to innovate and execute on the enormous market opportunity and we look forward to partnering with them over the coming years."

Sumo Logic customers conduct over 5,000,000 searches per month. To support this continued growth, Sumo Logic is investing in the addition of personnel dedicated to customer satisfaction. To lead these efforts, Dean Thomas has been appointed as vice president of customer success. Thomas has extensive experience in enterprise software companies creating and leading customer success programs, and was most recently vice president for client services at Merced Systems, which was acquired by NICE Systems in 2012. For NICE Systems, he served as vice president for application delivery and value added services, managing education services, business consulting, and delivery services for a range of performance management and Big Data analytics products.

To better service enterprise customers located in EMEA and Asia Pacific, Sumo Logic now provides its service from data centers located in Sydney, Australia and Ireland. By offering access to Sumo Logic's machine data analytics platform in-region, customers will experience lower latency and address data sovereignty requirements.

In the past year, Sumo Logic has introduced key features and capabilities, including:

  • Enterprise Security Analytics - Sumo Logic now offers proactive insights to enterprise security teams and helps to reduce the mean time to resolution by 50 percent or more via LogReduce™.
  • Anomaly Detection - Leveraging machine learning, Anomaly Detection extends beyond the human limitation of pre-defined rules and reports to unearth the "unknown unknowns" within enterprise data sets.
  • Application Library - To further enable enterprises to rapidly generate insights from machine log data, Sumo Logic released the Application Library to offer information about popular data sets without the need to download or install additional software.
  • Key Integrations - Sumo Logic launched integrations with Akamai, Amazon Web Services and ServiceNow to deliver deeper operational, application and security insights to enterprise customers.

Learn more about Sumo Logic

About Sumo Logic
Sumo Logic is the next-generation machine data analytics company that leverages Big Data for real-time IT insights. The company's cloud-based service provides customers like GoGo Inflight, McGraw-Hill, Medallia, Netflix, Orange and SolarCity with real-time interactive analytics at unprecedented petabyte scale. The Sumo Logic service is powered by patent-pending Elastic Log Processing™ and LogReduce™ technologies, and transforms machine data into actionable insights for IT operations, application management, and security and compliance teams. Unlike expensive and complex premise-based solutions, the Sumo Logic service has a low TCO, can be deployed instantly, scales elastically and requires zero maintenance. The company is based in Silicon Valley and is backed by Greylock Partners, Sutter Hill Ventures, Accel Partners and Sequoia Capital. For more information, visit www.sumologic.com.

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
As machines are increasingly connected to the internet, it’s becoming easier to discover the numerous ways Industrial IoT (IIoT) is helping to shape the business world. This is exactly why we have decided to take a closer look at this pervasive movement and to examine the desire to connect more things! Now if you need a refresher on IIoT and how it is changing the world, take a moment and listen to Greg Gorbach with ARC Advisory Group. Gorbach believes, "IIoT will significantly change the worl...
SYS-CON Events announced today the Docker Meets Kubernetes – Intro into the Kubernetes World, being held June 9, 2016, in conjunction with 18th Cloud Expo | @ThingsExpo, at the Javits Center in New York, NY. Register for 'Docker Meets Kubernetes Workshop' Here! This workshop led by Sebastian Scheele, co-founder of Loodse, introduces participants to Kubernetes (container orchestration). Through a combination of instructor-led presentations, demonstrations, and hands-on labs, participants learn ...
The pace of innovation, vendor lock-in, production sustainability, cost-effectiveness, and managing risk… In his session at 18th Cloud Expo, Dan Choquette, Founder of RackN, will discuss how CIOs are challenged finding the balance of finding the right tools, technology and operational model that serves the business the best. He will discuss how clouds, open source software and infrastructure solutions have benefits but also drawbacks and how workload and operational portability between vendors...
What a difference a year makes. Organizations aren’t just talking about IoT possibilities, it is now baked into their core business strategy. With IoT, billions of devices generating data from different companies on different networks around the globe need to interact. From efficiency to better customer insights to completely new business models, IoT will turn traditional business models upside down. In the new customer-centric age, the key to success is delivering critical services and apps wit...
With major technology companies and startups seriously embracing IoT strategies, now is the perfect time to attend @ThingsExpo 2016 in New York and Silicon Valley. Learn what is going on, contribute to the discussions, and ensure that your enterprise is as "IoT-Ready" as it can be! Internet of @ThingsExpo, taking place Nov 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 17th Cloud Expo and will feature technical sessions from a rock star conference faculty ...
Enterprise networks are complex. Moreover, they were designed and deployed to meet a specific set of business requirements at a specific point in time. But, the adoption of cloud services, new business applications and intensifying security policies, among other factors, require IT organizations to continuously deploy configuration changes. Therefore, enterprises are looking for better ways to automate the management of their networks while still leveraging existing capabilities, optimizing perf...
The essence of data analysis involves setting up data pipelines that consist of several operations that are chained together – starting from data collection, data quality checks, data integration, data analysis and data visualization (including the setting up of interaction paths in that visualization). In our opinion, the challenges stem from the technology diversity at each stage of the data pipeline as well as the lack of process around the analysis.
The 19th International Cloud Expo has announced that its Call for Papers is open. Cloud Expo, to be held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, brings together Cloud Computing, Big Data, Internet of Things, DevOps, Containers, Microservices and WebRTC to one location. With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding business opportunity. Submit y...
Cloud computing changed data analytics for good. It enabled companies to drastically decrease resources and architecture previously assigned with business intelligence departments. It also enabled laymen to run advanced business analytics. Cloud was also the architecture of choice for storing and processing big data. Data piling is a continuous process, which is going to explode with emerging Internet of Things concept. Answer to this issue developers found in new concept called fog computing. ...
Internet of @ThingsExpo, taking place November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with the 19th International Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world and ThingsExpo New York Call for Papers is now open.
SYS-CON Events announced today that ContentMX, the marketing technology and services company with a singular mission to increase engagement and drive more conversations for enterprise, channel and SMB technology marketers, has been named “Sponsor & Exhibitor Lounge Sponsor” of SYS-CON's 18th Cloud Expo, which will take place on June 7-9, 2016, at the Javits Center in New York City, New York. “CloudExpo is a great opportunity to start a conversation with new prospects, but what happens after the...
In his keynote at 18th Cloud Expo, Andrew Keys, Co-Founder of ConsenSys Enterprise, will provide an overview of the evolution of the Internet and the Database and the future of their combination – the Blockchain. Andrew Keys is Co-Founder of ConsenSys Enterprise. He comes to ConsenSys Enterprise with capital markets, technology and entrepreneurial experience. Previously, he worked for UBS investment bank in equities analysis. Later, he was responsible for the creation and distribution of life ...
There are several IoTs: the Industrial Internet, Consumer Wearables, Wearables and Healthcare, Supply Chains, and the movement toward Smart Grids, Cities, Regions, and Nations. There are competing communications standards every step of the way, a bewildering array of sensors and devices, and an entire world of competing data analytics platforms. To some this appears to be chaos. In this power panel at @ThingsExpo, moderated by Conference Chair Roger Strukhoff, panelists will discuss the vast to...
SYS-CON Events announced today that Enzu, a leading provider of cloud hosting solutions, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. Enzu’s mission is to be the leading provider of enterprise cloud solutions worldwide. Enzu enables online businesses to use its IT infrastructure to their competitive advantage. By offering a suite of proven hosting and management services, Enzu wants companies to foc...
@DevOpsSummit taking place June 7-9, 2016 at Javits Center, New York City, and Nov 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with the 18th International @CloudExpo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world.