Sumo Logic Raises $75M to Advance Machine Data Analytics
Updated · Jul 06, 2017
Machine data analytics platform vendor Sumo Logic is aiming to grow its business, thanks to a new $75 million round of funding.
The new funding round was led by Sapphire Ventures and included the participation of Accel Partners, DFJ Growth, Greylock Partners, Institutional Venture Partners (IVP), Sequoia Capital, and Sutter Hill Ventures. Since 2010, Sumo Logic has raised a total of $235 million to fund its ongoing growth.
“As businesses increasingly standardize on cloud computing and new operating models such as DevOps to digitally transform, they are also standardizing on new analytics technologies powered by machine learning that provide continuous intelligence to build, run and secure modern applications,” Ramin Sayar, president and CEO of Sumo Logic, said in a statement. “Sumo Logic’s big bet that a cloud-native, machine data analytics service would become a must-have capability in the digital era is paying off.”
The Sumo Logic platform can be used to provide monitoring and troubleshooting capabilities as well as continuous delivery and security capabilities. In June, Sumo Logic expanded its platform with an improved contextual and intuitive user interface as well as improved content sharing for with role-based access (RBAC) controls.
“Real-time machine data analytics is the only way digital businesses can experience the continuous intelligence needed to drive their continuous innovation processes,” Sayar said. “We’re excited to deliver a powerful and unified machine data analytics platform that democratizes machine data and unlocks the full data intelligence potential of modern applications and infrastructures.”
Sean Michael Kerner is a senior editor at EnterpriseAppsToday and InternetNews.com. Follow him on Twitter @TechJournalist.