The story
Sumo Logic was founded in 2010 by ArcSight veterans Kumar Saurabh and Christian Beedgen.
While Sumo Logic remained in stealth mode for two years, it unveiled its cloud-based log management platform with Series B funding of $15 million in January 2012.
Sumo Logic closed a Series E funding round in June 2015, bringing its total VC backing to $160.5 million.
In 2016, Sumo Logic launched a data analytics platform that unifies logs and metrics to analyze structured metrics data and unstructured log data in real-time through graphical, interactive dashboards.
At the AWS 2017 conference, Sumo Logic presented its machine data analytics service which combines the analytics of Docker and Kubernetes. The service streamlines data ingestion for Sumo Logic's machine data analytics service hosted on Amazon Web Services.
On June 27, 2017, the company closed its Series F round for $75 million.
In 2018, Sumo Logic announced its integration expansion with Google Cloud Platform, GCP applications and TensorFlow. In September 2018, Sumo Logic announced the addition of cloud SIEM to its platform.
In May 2019, Sumo Logic announced a $110 million Series G investment.
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On September 17, 2020, Sumo Logic debuted on the NASDAQ stock exchange in its initial public offering as a public company.
In 2021, evidence showed that, while Sumo Logic was neither a party to the criminal case nor any charges or claims were ever made against the company, former advisor Michael Kail intentionally misled Sumo Logic into believing there was no conflict of interest between Kail and Netflix. The US Department of Justice convicted Kail on a number of counts related to the kickback agreements received amongst multiple vendors, Sumo Logic being one.
In February 2023, investment firm Francisco Partners agreed to acquire Sumo Logic for $1.7 billion. The transaction finalized and the company was taken private in May 2023.
Prior to going private, Sumo Logic received funding from Accel Partners, DFJ Growth, Greylock Partners, Institutional Venture Partners, Sequoia Capital, Sapphire Ventures, Sutter Hill Ventures, angel investor Shlomo Kramer, Battery Ventures, Tiger Global Management and Franklin Templeton.
From Wikipedia’s article on Sumo Logic, shared under CC BY-SA 4.0.7
