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NEWS28 November 2012

Investors pump $30m into analytics firm Sumo Logic

Financials North America

US— Analytics and log management firm Sumo Logic has closed a $30m round of series C funding led by Accel Partners, with participation from existing investors Greylock Partners and Sutter Hill Ventures.

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.”

@RESEARCH LIVE

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