Sumo Logic Closed $30 million Series C

Sumo Logic, Inc., in log management and analytics, has closed a $30 million Series C funding round led by Accel Partners, with participation from existing investors Greylock Partners and Sutter Hill Ventures.

The latest round brings the company’s total venture capital funding to $50.5 million, and will allow Sumo Logic to expand R&D, and increase investments in sales, marketing, and other go-to-market resources.

"Sumo Logic’s powerful analytics engine, coupled with its highly-scalable architecture, provides enterprises with a compelling cloud-based solution for monitoring and analyzing machine data," said Ping Li, partner at Accel Partners and responsible for Accel’s Big Data Fund. "With Sumo Logic, IT and Operations teams can generate actionable insights that transform the business."

Sumo Logic helps enterprise IT professionals search, analyze, monitor, and visualize big data in real time, enabling application and infrastructure troubleshooting within data center, cloud and hybrid environments. As a native cloud solution, Sumo Logic eliminates the need for on-premise log management equipment and dedicated personnel, delivering a petabyte-scale platform that gives companies immediate access to valuable operational insights. With Sumo Logic, organizations benefit from rapid time-to-value and do away with expensive professional services and costly deployment models. This funding round will support the expansion of Sumo Logic’s innovation and increased market presence within the log management and data analytics spaces.

Less than a year after the company’s public launch, Sumo Logic has seen adoption from large-scale enterprise clients including Netflix, Inc. enabled broad access to its services through its popular Sumo Logic Free offering, and provided deep enterprise value with innovations like LogReduce, push analytics, and real-time dashboards.

"This new round is validation of our vision and innovation as a company, and testament to the traction we are seeing in the marketplace," noted Vance Loiselle, president and CEO of Sumo Logic. "The funding positions us well to aggressively expand our powerful cloud-based analytics and log management service to a very broad section of the market."