Sumo Logic

Valuation $4B

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.
Funding Rounds 6
Number of Lead Investors 6
Total Funding Amount  $340.00 million dollars
Number of Investors 14

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