Battery Ventures, Tiger Global Management and Franklin Templeton Sign on to Back Sumo Logic's Industry Leading Continuous Intelligence Platform
Redwood City, CA May 08, 2019 Sumo Logic, the leading cloud-native, machine data analytics platform that delivers continuous intelligence, today announced a $110 million funding round led by Battery Ventures, with contributions from new investors including Tiger Global Management and Franklin Templeton, as well as participation from existing investors. With a current valuation over $1 billion, a record FY19 achievement of more than $100 million in revenue, and over 2,000 customers and more than 100,000 users worldwide leveraging its service, Sumo Logic is firmly positioned as the SaaS machine data analytics leader of choice for the cloud era.
Sumo Logic's growth is driven by the shift to digital business and cloud adoption across all industries and companies of all sizes, said Ramin Sayar, president and CEO, Sumo Logic. We have proven that we are the platform of choice for not only cloud-native companies but also enterprise companies and their cloud migration initiatives. It's great to have such a powerful set of leading investors and ecosystem partners as we accelerate our category leadership.
This $110 million in funding brings total funding to date to $325 million. The investments will continue to fuel Sumo Logic's business - spanning engineering, sales, and global operations - with an emphasis on extending the platform analytics capabilities of its service. These new capabilities address the operational, security and business requirements of modern businesses as they rapidly adopt new multi-cloud and hybrid-cloud infrastructure, architecture, tools, and processes.
We have been tracking the Sumo Logic team for some time, and admire the company's early understanding of the massive cloud-native opportunity and the rise of new, modern application architectures, said Dharmesh Thakker, general partner, Battery Ventures. The company's fast-growing business dovetails with Battery's larger thesis on OpenCloud -open-source and cloud-native technologies working with, not against, new cloud distribution models-and we are thrilled to partner with the team to capture the significant opportunity ahead.
We are excited to join Sumo Logic at this important moment in the industry-wide transition to cloud computing, said Jonathan Curtis, Vice President, Franklin Templeton. As the only cloud-native DevSecOps platform built to address the challenges of digital businesses, we believe Sumo Logic is well positioned to capture a significant share of its market.
Since the last funding round in June 2017, Sumo Logic's business has scaled significantly as a result of its focused multi-year growth strategy including:
Rapid revenue growth and customer acquisition - The company increased its customer count to over 2,000 with more than 100,000 active users globally, representing every major vertical and company size, from born-in-the-cloud leaders like Airbnb, Pinterest, The Pokemon Co. International, Samsung SmartThings, and Zuora, to digital transformation enterprises such as ABinBev, Adobe, Alaska Airlines, BBC, Genesys, Hearst Media, Infor, Levi's, Marriott, Pitney Bowes and USA TODAY NETWORK.
Platform innovation and company expansion - The Sumo Logic service is among the most sophisticated multi-tenant, cloud-native, analytics platforms in the world. The company has continued to drive innovation of the platform to help meet the ever-changing needs of its customers. A few notable highlights:
Unveiled beta cloud SIEM solution to democratize security analytics across traditional IT and new cloud models including DevSecOps
Introduced a new category of analytics insights with Global Intelligence Service, designed to extend machine learning and benchmarking data to new teams and use cases across the enterprise
Differentiated platform enhancements to better monitor and troubleshoot distributed microservices-based architectures such as Docker, Kubernetes, and Amazon EKS to drive better customer experiences
Scaled number of employees to more than 500 and expanded global footprint in Europe, Japan and across Asia-Pacific (APAC) to meet the growing demand for cloud-native machine data analytics
Addition of key executive leadership - In the past 12 months, Sumo Logic has welcomed a number of new leaders to the team. These include the company's first independent board members Randy Gottfried, Chuck Robel and Barracuda CEO BJ Jenkins. In addition, Sumo Logic added Sydney Carey as chief financial officer, and Kiki Haar as general counsel, among others.
Industry recognition - Sumo Logic continues to garner significant industry recognition including: 2019 Best Workplaces in Technology by Great Place to Work and FORTUNE, Forbes Cloud 100 List, JMP Securities' 2018 Hot 100 List, Wealthfront 2019 Career Launching Company, CRN 20 Coolest Cloud Security Vendor and Business Analytics Company and more.
Additional Resources
Attend Illuminate 2019, Sumo Logic's User Conference September 11-12. The event is expected to attract 1,000 experts who build, run and secure modern applications and cloud infrastructure
Sign up for a free trial of Sumo Logic
About Sumo Logic
Sumo Logic is a secure, cloud-native, machine data analytics service, delivering real-time, continuous intelligence from structured, semi-structured and unstructured data across the entire application lifecycle and stack. Nearly 2,000 customers around the globe rely on Sumo Logic for the analytics and insights to build, run and secure their modern applications and cloud infrastructures. With Sumo Logic, customers gain a multi-tenant, service-model advantage to accelerate their shift to continuous innovation, increasing competitive advantage, business va
Most recent headlines
05/01/2027
Worlds first 802.15.4ab-UWB chip verified by Calterah and Rohde & Schwarz to be ...
01/06/2026
January 6 2026, 05:30 (PST) Dolby Sets the New Standard for Premium Entertainment at CES 2026
Throughout the week, Dolby brings to life the latest innovatio...
02/05/2026
Dalet, a leading technology and service provider for media-rich organizations, t...
01/05/2026
January 5 2026, 18:30 (PST) NBCUniversal's Peacock to Be First Streamer to ...
07/04/2026
Share
Copy link
Facebook
X
Linkedin
Bluesky
Email...
07/04/2026
Frequency, the engine behind many of the world's leading streaming television channels, at NAB 2026 will be launching new Studio services to help content ow...
07/04/2026
Ikegami USA has chosen NAB 2026 in Las Vegas as the launch platform for new additions to its range of broadcast-quality television production equipment. These w...
07/04/2026
April 19, 2026, Las Vegas Kiloview, an innovative provider of AV-over-IP technologies, will showcase its latest broadcast IP solutions at NAB 2026, presenting...
07/04/2026
Bitmovin has announced support for Server-Guided Ad Insertion (SGAI) across its playback products using HLS interstitials, enabling more advanced ad-supported s...
07/04/2026
Synamedia is unveiling AI by Quortex at The NAB show, a just-in-time AI plugin framework that applies intelligence only when needed across video processing, dis...
07/04/2026
Cuez will showcase four additions to its cloud-based newsroom, rundown and automation platform at NAB Show 2026 (April 18 22, Las Vegas, Booth N1867):
Cuez ...
07/04/2026
CueScript to Showcase Innovations at NAB that Add Mobility Options, Ease Editing...
07/04/2026
Barix Extends Transport Options for Multi-Engine IP Encoder
Brie Clayton April 7, 2026
0 Comments
New for NAB, Barix adds SRT and RIST support to Mult...
07/04/2026
Elite Media Technologies Selects Interra Systems' BATON File-Based QC Soluti...
07/04/2026
Tightrope Media Systems to Debut Cablecast LiveBridge for Simultaneous Streaming...
07/04/2026
Cuez Brings Four New Innovations to NAB 2026: From Story-Centric Newsroom to Ope...
07/04/2026
Share
Copy link
Facebook
X
Linkedin
Bluesky
Email...
07/04/2026
Share
Copy link
Facebook
X
Linkedin
Bluesky
Email...
07/04/2026
Share
Copy link
Facebook
X
Linkedin
Bluesky
Email...
07/04/2026
Share
Copy link
Facebook
X
Linkedin
Bluesky
Email...
07/04/2026
Designed for synchronized multi-stream playback, low-latency delivery, and real-time analytics, MATCH introduces a unified viewing experience for sports broadca...
07/04/2026
Berklee Students to Honor George Martin with Performance of Original Scores The orchestra, led by associate professor Xander Rovang, will perform several work...
07/04/2026
THE GAA CHAMPIONSHIPS ARE BACK WITH A BANG
LIVE AND FREE TO AIR ACROSS ALL RT PLATFORMS
The Sunday Game and The Sunday Game Live return on Sunday 12 April
L...
06/04/2026
Michigan legends bring a new voice to the broadcast as TNT Sports and CBS Sports...
06/04/2026
From high school sports all the way up to the major leagues, building high-quali...
06/04/2026
Quickplay, an AI company for the media and entertainment industry, has been accepted into the Advanced tier of the TwelveLabs Ecosystem Partner Program. Quickpl...
06/04/2026
Grass Valley has announced the Future Playmakers Program, a global initiative to...
06/04/2026
El l der de operaciones impulsa la producci n en estudio mientras encuentra insp...
06/04/2026
The ops leader helps lead the charge in studio for the Spanish-language broadcas...
06/04/2026
Behind The Mic provides a roundup of recent news regarding on-air talent, includ...
06/04/2026
The National Hockey League (NHL), in partnership with Verizon and the New Jersey Devils, today announced the opening of the NHL Innovation Lab powered by Verizo...
06/04/2026
Rock League, a new professional curling league, has announced that ESPN+ will stream its inaugural 2026 season for fans in the United States. The first Rock Lea...
06/04/2026
Advanced Systems Group has announced the appointment of Andrea (Andy) Cummis as Vice President of Systems Design and Engineering. In this role, she will lead de...
06/04/2026
Backed by Bolt Ventures, the venture brings Bryson DeChambeau, Grant Horvat, and...
06/04/2026
With this environment we can start that collaboration even earlier because we ca...
06/04/2026
Like the immortal lives of vampires, some stories never really end. That's t...
06/04/2026
As podcasting continues to evolve, growth increasingly means building beyond aud...
06/04/2026
Multiband dynamics plug-in enhanced
California-based developer FSK Audio have released a significant update for their innovative multiband dynamics processo...
06/04/2026
Share official & user-created full-rig presets
IK Multimedia's latest TONEX update makes it possible for users of the popular amp and effects modelling ...
06/04/2026
Share
Copy link
Facebook
X
Linkedin
Bluesky
Email...
06/04/2026
Share
Copy link
Facebook
X
Linkedin
Bluesky
Email...
06/04/2026
Dalet Showcases Dalia Agentic AI and End-to-End Media Workflows at NAB Show 2026
Brie Clayton April 6, 2026
0 Comments
Dalet, a leading technology and...
06/04/2026
OpenDrives Shows Off Sports Expertise in Sports Business Hub located in NAB Show...
06/04/2026
Proton to Demonstrate 3D Application at NAB 2026
Brie Clayton April 6, 2026
0 Comments
Yet further creative potential unleashed through innovation in ...
06/04/2026
Autoscript Highlights Voice-Driven Prompting and PTZ Solutions at NAB 2026
Brie Clayton April 6, 2026
0 Comments
Experience Autoscript Voice, PTZ prom...
06/04/2026
Mediaproxy Highlights Significant Enhancements to its LogServer suite at NAB Sho...
06/04/2026
Wayne, N.J., April 6th, 2026 Phantom High-Speed announces the release of PCC 4...
06/04/2026
April 6th, 2026
TRIBECA STUDIOS AND LILLY ANNOUNCE WINNERS OF INAUGURAL VITAL...
06/04/2026
Back to All News
Netflix Expands Kids Entertainment Lineup With Playground App ...
Battery Ventures, Tiger Global Management and Franklin Templeton Sign on to Back Sumo Logic's Industry Leading Continuous Intelligence Platform
