About Sumo Logic
Sumo Logic is a provider of cloud-based machine data analytics that enables reliable and secure cloud-native applications.
Headquarters
Sumo Logic, Redwood City
Founded
2010-01-01
Industry
Analytics, Big Data, Cloud Data Services, Enterprise Software, SaaS
Last Funding Type
Series G
Valuation
4
Total Funding
$340.00 million dollars
IPO Status
Delisted
Financial
Sumo Logic may be growing as it has recently unveiled a new Flex Licensing plan, which allows for unlimited log data analysis, indicating an expansion of its product offerings. Additionally, the company has made significant executive appointments, including a Chief Information Security Officer and a Senior Vice President, which could be indicative of strengthening its leadership team for strategic growth. Furthermore, Sumo Logic has joined the unicorn club following a substantial funding round of $110 million, demonstrating strong investor confidence and financial backing to support its growth trajectory.
Sumo Logic announced new AI and security analytics capabilities at the RSA Conference, was named a Challenger in the 2024 Gartner Magic Quadrant for SIEM, and appointed a new Chief Information Security Officer. Additionally, the company previewed a GenAI copilot to enhance DevSecOps observability.
Sumo Logic announced new AI and security analytics capabilities at the RSA Conference, was named a Challenger in the 2024 Gartner Magic Quadrant for SIEM, and appointed a new Chief Information Security Officer. Additionally, the company previewed a GenAI copilot to enhance DevSecOps observability.
Funding Rounds
6
Number of Lead Investors
6
Total Funding Amount
$340.00 million dollars
Number of Investors
14