Wednesday, November 28, 2012

Sumo Logic Raises $30 Million for Big Data Analytics

Sumo Logic, a start-up focused on big data analytics, raised $30 million in Series C funding.

Sumo Logic offers a cloud-based solution that helps enterprises to search, analyze, monitor, and visualize big data in real time, enabling application and infrastructure troubleshooting within data center, cloud and hybrid environments.

The company said it has seen rapid adoption from large-scale enterprise clients including Netflix.  Sumo Logic is based in Mountain View, California.

The funding round was led by Accel Partners, with participation from existing investors Greylock Partners and Sutter Hill Ventures. The company has raised $50.5 million to date.

“This new round is validation of our vision and innovation as a company, and testament to the traction we are seeing in the marketplace,” noted Vance Loiselle, president and CEO of Sumo Logic. “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.”