Huge funding $80M for Sumo Logic

Sumo Logic, a cloud-based log management and analytics service that leverages machine-generated big data to deliver real-time IT insights raised 80 million dollars in a funding round led by DFJ Growth, and the participation of Institutional Venture Partners (IVP), Greylock Partners, Sequoia Capital, Sutter Hill Ventures and Accel Partners.

Till today, Sumo Logic has raised a total of $160,5 million in funding. The funding will fuel growth across the business, spanning engineering, sales and global operations. Ramin Sayar, president and  CEO of the company stated: “Thousands of users rely on the Sumo Logic service every day to yield real-time data insights that support the ongoing innovation needed to deliver always-on, secure services and applications that are the foundation for great end-customer experiences”.

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