Investors pump $30m into analytics firm Sumo Logic
The latest round of funding brings the total amount of funding the company has raised to $50.5m, and the latest round will be used to expand the firm’s research and development activities and increase investments in sales and marketing.
Sumo Logic’s cloud-based software allows users to analyse, monitor and visualise data in real time, eliminating the need for on-site equipment and staff.
Vance Loiselle (pictured), president and CEO at Sumo Logic, said: “This new funding round is validation of our vision and innovation as a company, and testament to the traction we are seeing in the marketplace. 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.”

We hope you enjoyed this article.
Research Live is published by MRS.
The Market Research Society (MRS) exists to promote and protect the research sector, showcasing how research delivers impact for businesses and government.
Members of MRS enjoy many benefits including tailoured policy guidance, discounts on training and conferences, and access to member-only content.
For example, there's an archive of winning case studies from over a decade of MRS Awards.
Find out more about the benefits of joining MRS here.
0 Comments