Today, Sumo Logic announced its latest funding of $80 million to help fuel their growth as the leading cloud platform for machine data analytics. Given the massive amount and variety of new data being created every day by devices and machines, the market needs companies like Sumo Logic which are designed from the ground up to handle petabytes of data all delivered from the cloud.
Not only is it a great market, it is a phenomenal team, with Ramin at the helm, Sumo Logic has built a foundation of excellent leadership, pulling in executive talent from VMware, Symantec and TIBCO.
And the results speak for themselves. Last year, the company experienced incredible growth, surpassing its goals on all fronts — headcount, customer and partner acquisition, platform innovation and geographic expansion. Most importantly, more than 500 businesses have signed on with Sumo Logic to date, and more than 100 are being added each quarter.
With the latest round of funding, we’re helping Sumo to fuel this rapid growth focusing on the business, engineering, sales and global operations. We’re excited to have DFJ Growth and Institutional Venture Partners join the team along with Sutter Hill, Accel, and Sequoia.