How Much Did Sumo Logic Raise? Funding & Key Investors

Sumo Logic has successfully raised funds over six rounds, with the latest being a Series G round led by Battery Ventures. The company is backed by 14 investors, including Employee Stock Option Fund and Franklin Templeton.

Keep reading to explore the intricacies of Sumo Logic's fundraising journey and the investors backing this innovative platform.

What Is Sumo Logic?

Sumo Logic, headquartered in Redwood City, California, specializes in cloud-based machine data analytics. The company operates in industries such as Analytics, Big Data, Cloud Data Services, Enterprise Software, and SaaS. With an employee count ranging from 501 to 1000, Sumo Logic has established itself as a significant player in the tech industry.

Founded to provide reliable and secure cloud-native applications, Sumo Logic has been acquired by Francisco Partners. The company offers a range of products, including cloud log management, monitoring, and SIEM tools, leveraging AI and machine learning to enhance security operations and log analytics.

How Much Funding Has Sumo Logic Raised?

1. Series B
   • Amount Raised: USD 15,000,000
   • Date: January 2012
   • Lead Investors: Greylock
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To support early-stage growth and product development.
2. Series C
   • Amount Raised: USD 30,000,000
   • Date: November 2012
   • Lead Investors: Accel
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To expand market reach and enhance product offerings.
3. Series D
   • Amount Raised: USD 30,000,000
   • Date: May 2014
   • Lead Investors: Sequoia Capital
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To scale operations and accelerate growth.
4. Series E
   • Amount Raised: USD 80,000,000
   • Date: June 2015
   • Lead Investors: DFJ Growth
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To support international expansion and product innovation.
5. Series F
   • Amount Raised: USD 75,000,000
   • Date: June 2017
   • Lead Investors: Sapphire Ventures
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To prepare for becoming a public company.
6. Series G
   • Amount Raised: USD 110,000,000
   • Date: May 2019
   • Lead Investors: Battery Ventures
   • Valuation at Round: Over $1 billion
   • Motivation Behind the Round: To bring on crossover investors and continue platform development.

Total Amount Raised: USD 340,000,000. Current Valuation: Over $1 billion.

Key Investors

• Battery Ventures
  • Details: Battery Ventures is a global investment firm that focuses on technology-driven companies. They have been involved in various stages of investment, from seed to growth and buyout.
  • Investment Focus Areas: Technology, software, services.
  • Notable Investments: Nutanix, Coupa Software, Glassdoor.
• Sapphire Ventures
  • Details: Sapphire Ventures is a venture capital firm that invests in growth-stage technology companies. They aim to help companies scale and achieve their full potential.
  • Investment Focus Areas: Enterprise technology, SaaS, cloud services.
  • Notable Investments: Not publicly disclosed.
• DFJ Growth
  • Details: DFJ Growth is a venture capital firm that focuses on high-growth technology companies. They provide capital and support to help companies expand and innovate.
  • Investment Focus Areas: High-growth technology companies.
  • Notable Investments: Not publicly disclosed.
• Sequoia Capital
  • Details: Sequoia Capital is a venture capital firm that partners with founders to build enduring companies. They have a long history of successful investments in various sectors.
  • Investment Focus Areas: Technology, healthcare, consumer sectors.
  • Notable Investments: Not publicly disclosed.
• Accel
  • Details: Accel is a venture capital firm that invests in early and growth-stage technology companies. They support entrepreneurs in building world-class businesses.
  • Investment Focus Areas: Early and growth-stage technology companies.
  • Notable Investments: Not publicly disclosed.

What's Next for Sumo Logic?

Sumo Logic stands at the cusp of significant growth opportunities, driven by the increasing demand for cloud-native solutions and advanced data analytics. With a market potential of $11.4 billion by 2022, the company is well-positioned to expand its platform through strategic acquisitions and internal development. The recent $110 million Series G funding round underscores the confidence investors have in Sumo Logic's future.

As the company prepares for an eventual IPO, it continues to attract crossover investors, indicating strong future fundraising prospects. However, Sumo Logic must navigate challenges such as intense competition from industry giants like Splunk and the complexities of scaling operations globally. The path ahead is promising, but it requires careful execution and innovation to maintain its competitive edge.

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