Sumo Logic, a log management and analytics startup, has closed a $15 million Series B funding round led by Sutter Hill Ventures, with participation from founding investors Greylock Partners and angel investor Shlomo Kramer. The new funding brings the startup’s total venture capital backing to $20.5 million.
The company also came out of stealth mode with its petabyte-scale, cloud-based service designed to help sort through enterprise log files to find and analyze trends that are meaningful to operations and security. Sumo Logic will use the funding to accelerate its engineering and preparations for reaching the market.
“Enterprises continue to log data at exponential rates, both behind the firewall and increasingly across external clouds,” Chandna said. “We’re proud to be founding investors in Sumo Logic in 2010, and look forward to continuing to work closely with the Sumo Logic team in delivering the industry’s leading next-generation solution.”
ArcSight veterans Christian Beedgen and Kumar Saurabh founded Sumo Logic in April 2010, with Bruno Kurtic (Sensage) and Domingo Mihovilovic (SugarSync, Siebel) joining the company in leadership roles.
“Until now, enterprise log management solutions have consisted of expensive, complex deployments that are difficult to scale and have been unable to deliver on their promise of true analysis and insights,” said Kumar Saurabh, acting CEO and vice president of analytics at Sumo Logic. “Based on our decade-long experience in the space, we understood that a fundamentally different approach was needed. We’re excited to now unveil our cloud-based service and deliver the first platform that can provide valuable operational insights across enterprise log data in real time and at unprecedented scale.”
Funding press release – http://tinyurl.com/7rh6xjx
Launch press release – http://tinyurl.com/7n7g73d
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