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
01/01/2026
Latin Grammy Cultural Foundation Announces 2026 Noel Schajris Scholarship The scholarship will cover tuition and housing for one Berklee College of Music stud...
01/01/2026
New year, new games, all with RTX 5080-powered cloud energy. GeForce NOW is kicking off 2026 by looking back at an unforgettable year of wins and wildly high fr...
31/12/2025
Back to All News
NFL Christmas Gameday on Netflix Scores Again With the Lions-V...
30/12/2025
As the College Football Playoff Enters the Quarterfinals, ESPN Blows Out Its Meg...
30/12/2025
SVG's Best of 2025: Original ArticlesTake a look back at all our coverage of big-time productions, game-changing technologies, and state-of-the-art new faci...
30/12/2025
MELBOURNE, Fla., Dec. 30, 2025 - L3Harris Technologies (NYSE: LHX) will release its fourth quarter 2025 financial results before the market opens on Thursday, J...
30/12/2025
Share Share by:
Copy link
Facebook
X
Whatsapp
Pinterest
Flipboard...
30/12/2025
It marked the first civilian operational authorization for a HAPS flight in Europe, led by Space42's subsidiary, Mira Aerospace
The flight demonstrated HAP...
29/12/2025
San Francisco 49ers Strike Gold With Halftime Laser SpectacularStunning display caps $200 million renovation of Levi's Stadium techBy Dan Daley, Audio Edito...
29/12/2025
The Cup's Around the Corner: An Inside Look at Broadcast Preparations for th...
29/12/2025
SVG's Best of 2025: Longform VideoWatch the standout keynote conversations, deep dives, and panel discussions from the year for free on SVG PLAY!By Brandon ...
29/12/2025
From crisper Lossless audio and immersive music videos in beta to new Audiobooks+ plans, custom transitions between tracks, and in-app Messages, we keep levelin...
29/12/2025
Share Share by:
Copy link
Facebook
X
Whatsapp
Pinterest
Flipboard...
27/12/2025
Share Share by:
Copy link
Facebook
X
Whatsapp
Pinterest
Flipboard...
26/12/2025
Share Share by:
Copy link
Facebook
X
Whatsapp
Pinterest
Flipboard...
26/12/2025
Share Share by:
Copy link
Facebook
X
Whatsapp
Pinterest
Flipboard...
25/12/2025
Holiday lights are twinkling, hot cocoa's on the stove and gamers are settling in for a well-earned break.
Whether staying in or heading on a winter getawa...
24/12/2025
What is AI good for? Posted by MTI Film on December 24, 2025
What is AI good for?
What is AI good for?
It's been three years since ChatGPT first cap...
24/12/2025
Share Share by:
Copy link
Facebook
X
Whatsapp
Pinterest
Flipboard...
24/12/2025
Share Share by:
Copy link
Facebook
X
Whatsapp
Pinterest
Flipboard...
24/12/2025
Share Share by:
Copy link
Facebook
X
Whatsapp
Pinterest
Flipboard...
24/12/2025
Share Share by:
Copy link
Facebook
X
Whatsapp
Pinterest
Flipboard...
24/12/2025
Share Share by:
Copy link
Facebook
X
Whatsapp
Pinterest
Flipboard...
24/12/2025
Back to All News
The Boyfriend' Season 2 Unveils Heartwarming Trailer, Key...
24/12/2025
Back to All News
Love, Fights, and Everything in Between: Badly in Love' Returns for Season 2
Entertainment
24 December 2025
GlobalJapan
Link copied t...
24/12/2025
Scripps Research study links sleep variability with sleep apnea and hypertension How consumers' digital activity trackers could enable personalized health s...
23/12/2025
How guilas Cibae as Dominican Winter League Games Are Locally Produced for Glob...
23/12/2025
BitFire's Jim Akimchuk on Supplying Scalability and Customization in the Clo...
23/12/2025
CAMB.AI Enables European Athletics to Offer Multi-Language SupportPlan is to eventually offer translation into all languages spoken in EuropeBy Ken Kerschbaumer...
23/12/2025
Analysis: As sports media values trend negative, scarcity and quality are king By Callum McCarthy, Editor-at-Large
Monday, December 22, 2025 - 14:08
Print ...
23/12/2025
ESPN, Disney, and NBA Return to the Animated Altcast Fray With Second Edition of...
23/12/2025
End the Year on a High Note and Donate to the Sports Broadcasting Fund Today!By Ken Kerschbaumer, Editorial Director
Tuesday, December 23, 2025 - 12:25 pm
P...
23/12/2025
The year is winding down, the weather outside is frightful, and it's the perfect time to escape into a story that warms the heart. For listeners looking for...
23/12/2025
A Zeus motor is hot fire tested at L3Harris' Camden, Arkansas, solid rocket ...
23/12/2025
Share Share by:
Copy link
Facebook
X
Whatsapp
Pinterest
Flipboard...
23/12/2025
Share Share by:
Copy link
Facebook
X
Whatsapp
Pinterest
Flipboard...
23/12/2025
Lightware will exhibit several major product innovations at ISE 2026, including the new USB-C BOOSTER-V1, Google Meet. integration for various Taurus UCX models...
23/12/2025
Share Share by:
Copy link
Facebook
X
Whatsapp
Pinterest
Flipboard...
23/12/2025
Share Share by:
Copy link
Facebook
X
Whatsapp
Pinterest
Flipboard...
23/12/2025
Share Share by:
Copy link
Facebook
X
Whatsapp
Pinterest
Flipboard...
23/12/2025
Share Share by:
Copy link
Facebook
X
Whatsapp
Pinterest
Flipboard...
23/12/2025
Share Share by:
Copy link
Facebook
X
Whatsapp
Pinterest
Flipboard...
23/12/2025
Taking the Stage at Carnegie Hall-On a Global Scale Boston Conservatory Orchestra students reflect on their epic concert marking the 80th session of the UN Gene...
23/12/2025
Back to All News
Netflix's The Great Flood and Culinary Class Wars 2 Top Gl...
23/12/2025
Back to All News
Stranger Things By the Numbers: How the Global Phenomenon Shap...
23/12/2025
Experience the power of WO Automation for Radio's newest service, the System Effectiveness Review. Designed to help you achieve more, a System Effectiveness...
23/12/2025
23 Dec 2025
VEON's Beeline Kazakhstan and Rakuten Symphony Collaborate to A...
23/12/2025
Back to All News
How Steamy Can It Get? Single's Inferno' Season 5 Pre...
23/12/2025
Back to All News
33 Million Global Viewers on Netflix Watched Jake Paul vs. Ant...
Battery Ventures, Tiger Global Management and Franklin Templeton Sign on to Back Sumo Logic's Industry Leading Continuous Intelligence Platform
