Sumo Logic Secures $15 Million in Series B Funding
Date: Sunday , March 04, 2012
California based next generation log management and analytics company, Sumo Logic closed $15 million in Series B round of funding. The funding round was led by Sutter Hill Ventures in participation from founding investors Greylock Partners and angel investor Shlomo Kramer. We believe that investors see what we see in the market: that as enterprises continue to log data at exponential rates, both behind the firewall and across external clouds, that data will need to be harnessed efficiently to deliver actionable business insights, says Kumar Saurabh, acting CEO and VP of Analytics, Sumo Logic.
The current round of funding has brought the total fund raised by the organization to $20.5 million. Sumo Logic plans to use the funds to accelerate its engineering and go-to-market activities. Co-Founded in April 2010 by Kumar Saurabh and Christian Beedgen, Sumo Logic is the next generation log management and analytics company that leverage Big Data for real-time IT insights.
With nearly 30 employees, they are poised for explosive growth and are aggressively expanding their development, sales, and marketing team they anticipate headcount will be more than double by the end of 2012.