# Sumo Logic

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/sumo-logic

- Industry: Software
- Headquarters: Redwood City, US
- Website: www.sumologic.com
- Total disclosed funding: $344M
- Latest round: Series G (May 1, 2019)
- Investors on record: 11

## About

Based in the US, Sumo Logic, Inc. provides advanced cloud log management and security analytics tools that empower organizations to enhance their security posture and operational efficiency through AI-driven insights.Sumo Logic, Inc. specializes in cloud log management and security information and event management (SIEM) tools. Founded in 2010 and headquartered in Redwood City, California, USA, the company underwent a significant transition in February 2023 when it was acquired by Francisco Partners in a public-to-private transaction, securing a purchase price of USD 12.05 per share. The most recent funding round was a Public to Private, Secondary Buyout, raising a total of USD 1,700.00 mn, reflecting the company's total funding raised. Christian Beedgen, one of the founders, has a background in technology and entrepreneurship, contributing to the development of innovative solutions in cloud computing. The company has executed 10 deals, with the latest occurring on September 16, 2020.Sumo Logic specializes in providing cloud log management, monitoring, and security information and event management (SIEM) tools. Their core offering includes a comprehensive Cloud SIEM platform that employs AI-driven log analytics to enhance speed, scale, and security. This platform is designed to facilitate incident investigations by automating the triage of alerts and correlating potential threats, thus empowering organizations to respond swiftly to security incidents. Sumo Logic's products are utilized by a diverse client base across various industries, including education, financial services, technology, and retail, and are marketed globally, particularly in North America and Europe.In the most recent fiscal year of 2023, Sumo Logic reported a revenue of USD 300.67 mn, with an EBITDA of USD -90.37 mn. The company operates on a subscription-based revenue model, targeting enterprises that require robust log management and security solutions. Customer transactions are typically structured around annual contracts, facilitating predictable revenue streams for Sumo Logic.With the recent acquisition by Francisco Partners, Sumo Logic plans to focus on platform development and geographic expansion. The company aims to launch new products designed to enhance their existing offerings while targeting new markets, particularly in regions such as Asia and Latin America, by the end of 2024. The substantial funding secured will be directed towards these initiatives, enabling Sumo Logic to broaden its market reach and enhance its product capabilities.

## Funding rounds

- Series G, May 1, 2019, $110M — Battery Ventures, Tiger Global Management, Franklin Templeton
- Series F, Jun 27, 2017, $75M — Accel, Institutional Venture Partners, Hong Shan, Greylock Partners, Sutter Hill Ventures, Sapphire Ventures, DFJ Growth
- Series E, Jun 1, 2015, $80M — Accel, Draper Fisher Jurvetson, Institutional Venture Partners, Hong Shan, Greylock Partners, Sutter Hill Ventures
- Series D, May 20, 2014, $30M — Accel, Hong Shan, Greylock Partners, Sutter Hill Ventures
- Series C, Nov 28, 2012, $30M — Accel, Greylock Partners, Sutter Hill Ventures
- Series B, Jan 31, 2012, $15M — Greylock Partners, Sutter Hill Ventures
- Series A, Jul 8, 2010, $4.4M — Greylock Partners

## Investors

- Greylock Partners (https://capitalatlas.ai/funds/greylock-partners) — Series A, Series B, Series C, Series D, Series E, Series F
- Sutter Hill Ventures (https://capitalatlas.ai/funds/sutter-hill-ventures) — Series B, Series C, Series D, Series E, Series F
- Accel (https://capitalatlas.ai/funds/accel) — Series C, Series D, Series E, Series F
- Hong Shan — Series D, Series E, Series F
- Draper Fisher Jurvetson (https://capitalatlas.ai/funds/draper-fisher-jurvetson) — Series E
- Institutional Venture Partners (https://capitalatlas.ai/funds/institutional-venture-partners) — Series E, Series F
- Sapphire Ventures (https://capitalatlas.ai/funds/sapphire-ventures) — Series F
- DFJ Growth (https://capitalatlas.ai/funds/dfj-growth) — Series F
- Battery Ventures (https://capitalatlas.ai/funds/battery-ventures) — Series G
- Tiger Global Management (https://capitalatlas.ai/funds/tiger-global-management) — Series G
- Franklin Templeton (https://capitalatlas.ai/funds/franklin-templeton) — Series G