|By Marketwired .||
|May 20, 2014 07:30 AM EDT||
REDWOOD CITY, CA -- (Marketwired) -- 05/20/14 -- Sumo Logic, the next generation machine data analytics company, today announced that it has raised $30 million in a round led by Sequoia Capital, with participation from existing investors Greylock Partners, Sutter Hill Ventures and Accel Partners. The additional funding will enable geographic expansion into EMEA and Asia Pacific regions, development of go-to-market initiatives, and the addition of technical functionality to the Sumo Logic machine data analytics platform. Sumo Logic has raised a total of $80.5 million in funding.
"Machine data used to be little more than exhaust. Now it's the fuel that powers operational efficiency, information security, and insights into customer behavior," said Pat Grady, partner, Sequoia Capital. "We were shocked to learn that customers can start analyzing production data in minutes, which makes Sumo Logic an easy choice over on-premise alternatives."
With machine data expected to grow 15 times by 2020, enterprises are looking to leverage their data for actionable insights that lead to new operational efficiencies and improved security posture. Year-over-year, the Sumo Logic customer base has grown over 200 percent and bookings have expanded by 500 percent.
"By every measure, we have experienced explosive growth over the last year and this lead investment from Sequoia provides another huge validation of our business and large upside," said Vance Loiselle, CEO of Sumo Logic. "As we continue executing on our vision in 2014, we are seizing the opportunity to expand our talent roster and extend our business into the wide-open European and Asia Pacific markets as demand for machine data analytics soars."
"Our Sumo Logic investment highlights our thesis that organizations are rapidly taking advantage of cloud computing and unique analytics to add significant value to their IT and security initiatives," said Joseph Ansanelli, partner, Greylock Partners. "The Sumo Logic team continues to innovate and execute on the enormous market opportunity and we look forward to partnering with them over the coming years."
Sumo Logic customers conduct over 5,000,000 searches per month. To support this continued growth, Sumo Logic is investing in the addition of personnel dedicated to customer satisfaction. To lead these efforts, Dean Thomas has been appointed as vice president of customer success. Thomas has extensive experience in enterprise software companies creating and leading customer success programs, and was most recently vice president for client services at Merced Systems, which was acquired by NICE Systems in 2012. For NICE Systems, he served as vice president for application delivery and value added services, managing education services, business consulting, and delivery services for a range of performance management and Big Data analytics products.
To better service enterprise customers located in EMEA and Asia Pacific, Sumo Logic now provides its service from data centers located in Sydney, Australia and Ireland. By offering access to Sumo Logic's machine data analytics platform in-region, customers will experience lower latency and address data sovereignty requirements.
In the past year, Sumo Logic has introduced key features and capabilities, including:
- Enterprise Security Analytics - Sumo Logic now offers proactive insights to enterprise security teams and helps to reduce the mean time to resolution by 50 percent or more via LogReduce.
- Anomaly Detection - Leveraging machine learning, Anomaly Detection extends beyond the human limitation of pre-defined rules and reports to unearth the "unknown unknowns" within enterprise data sets.
- Application Library - To further enable enterprises to rapidly generate insights from machine log data, Sumo Logic released the Application Library to offer information about popular data sets without the need to download or install additional software.
- Key Integrations - Sumo Logic launched integrations with Akamai, Amazon Web Services and ServiceNow to deliver deeper operational, application and security insights to enterprise customers.
Learn more about Sumo Logic
- Sign up instantly and for free: http://freesumo.com
- Watch the Sumo Logic product overview video: http://sumolo.gs/18SQCQ0
About Sumo Logic
Sumo Logic is the next-generation machine data analytics company that leverages Big Data for real-time IT insights. The company's cloud-based service provides customers like GoGo Inflight, McGraw-Hill, Medallia, Netflix, Orange and SolarCity with real-time interactive analytics at unprecedented petabyte scale. The Sumo Logic service is powered by patent-pending Elastic Log Processing and LogReduce technologies, and transforms machine data into actionable insights for IT operations, application management, and security and compliance teams. Unlike expensive and complex premise-based solutions, the Sumo Logic service has a low TCO, can be deployed instantly, scales elastically and requires zero maintenance. The company is based in Silicon Valley and is backed by Greylock Partners, Sutter Hill Ventures, Accel Partners and Sequoia Capital. For more information, visit www.sumologic.com.
Caitlin Haskins for Sumo Logic
"We help companies that are using a lot of Software as a Service. We help companies manage and gain visibility into what people are using inside the company and decide to secure them or use standards to lock down or to embrace the adoption of SaaS inside the company," explained Scott Kriz, Co-founder and CEO of Bitium, in this SYS-CON.tv interview at 15th Cloud Expo, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
Nov. 27, 2014 07:00 PM EST Reads: 1,315
15th Cloud Expo, which took place Nov. 4-6, 2014, at the Santa Clara Convention Center in Santa Clara, CA, expanded the conference content of @ThingsExpo, Big Data Expo, and DevOps Summit to include two developer events. IBM held a Bluemix Developer Playground on November 5 and ElasticBox held a Hackathon on November 6. Both events took place on the expo floor. The Bluemix Developer Playground, for developers of all levels, highlighted the ease of use of Bluemix, its services and functionalit...
Nov. 27, 2014 07:00 PM EST Reads: 1,176
Some developers believe that monitoring is a function of the operations team. Some operations teams firmly believe that monitoring the systems they maintain is sufficient to run the business successfully. Most of them are wrong. The complexity of today's applications have gone far and beyond the capabilities of "traditional" system-level monitoring tools and approaches and requires much broader knowledge of business and applications as a whole. The goal of DevOps is to connect all aspects of app...
Nov. 27, 2014 06:00 PM EST Reads: 1,040
The 4th International DevOps Summit, co-located with16th International Cloud Expo – being held June 9-11, 2015, at the Javits Center in New York City, NY – announces that its Call for Papers is now open. Born out of proven success in agile development, cloud computing, and process automation, DevOps is a macro trend you cannot afford to miss. From showcase success stories from early adopters and web-scale businesses, DevOps is expanding to organizations of all sizes, including the world's large...
Nov. 27, 2014 06:00 PM EST Reads: 1,704
SAP is delivering break-through innovation combined with fantastic user experience powered by the market-leading in-memory technology, SAP HANA. In his General Session at 15th Cloud Expo, Thorsten Leiduck, VP ISVs & Digital Commerce, SAP, discussed how SAP and partners provide cloud and hybrid cloud solutions as well as real-time Big Data offerings that help companies of all sizes and industries run better. SAP launched an application challenge to award the most innovative SAP HANA and SAP HANA...
Nov. 27, 2014 05:00 PM EST Reads: 1,283
Want to enable self-service provisioning of application environments in minutes that mirror production? Can you automatically provide rich data with code-level detail back to the developers when issues occur in production? In his session at DevOps Summit, David Tesar, Microsoft Technical Evangelist on Microsoft Azure and DevOps, will discuss how to accomplish this and more utilizing technologies such as Microsoft Azure, Visual Studio online, and Application Insights in this demo-heavy session.
Nov. 27, 2014 04:45 PM EST Reads: 1,083
When an enterprise builds a hybrid IaaS cloud connecting its data center to one or more public clouds, security is often a major topic along with the other challenges involved. Security is closely intertwined with the networking choices made for the hybrid cloud. Traditional networking approaches for building a hybrid cloud try to kludge together the enterprise infrastructure with the public cloud. Consequently this approach requires risky, deep "surgery" including changes to firewalls, subnets...
Nov. 27, 2014 04:45 PM EST Reads: 1,150
DevOps is all about agility. However, you don't want to be on a high-speed bus to nowhere. The right DevOps approach controls velocity with a tight feedback loop that not only consists of operational data but also incorporates business context. With a business context in the decision making, the right business priorities are incorporated, which results in a higher value creation. In his session at DevOps Summit, Todd Rader, Solutions Architect at AppDynamics, discussed key monitoring techniques...
Nov. 27, 2014 04:30 PM EST Reads: 1,146
Cultural, regulatory, environmental, political and economic (CREPE) conditions over the past decade are creating cross-industry solution spaces that require processes and technologies from both the Internet of Things (IoT), and Data Management and Analytics (DMA). These solution spaces are evolving into Sensor Analytics Ecosystems (SAE) that represent significant new opportunities for organizations of all types. Public Utilities throughout the world, providing electricity, natural gas and water,...
Nov. 27, 2014 04:00 PM EST Reads: 1,218
The security devil is always in the details of the attack: the ones you've endured, the ones you prepare yourself to fend off, and the ones that, you fear, will catch you completely unaware and defenseless. The Internet of Things (IoT) is nothing if not an endless proliferation of details. It's the vision of a world in which continuous Internet connectivity and addressability is embedded into a growing range of human artifacts, into the natural world, and even into our smartphones, appliances, a...
Nov. 27, 2014 04:00 PM EST Reads: 1,602
How do APIs and IoT relate? The answer is not as simple as merely adding an API on top of a dumb device, but rather about understanding the architectural patterns for implementing an IoT fabric. There are typically two or three trends: Exposing the device to a management framework Exposing that management framework to a business centric logic Exposing that business layer and data to end users. This last trend is the IoT stack, which involves a new shift in the separation of what stuff happe...
Nov. 27, 2014 03:00 PM EST Reads: 1,246
The 3rd International Internet of @ThingsExpo, co-located with the 16th International Cloud Expo - to be held June 9-11, 2015, at the Javits Center in New York City, NY - announces that its Call for Papers is now open. The Internet of Things (IoT) is the biggest idea since the creation of the Worldwide Web more than 20 years ago.
Nov. 27, 2014 03:00 PM EST Reads: 906
The Internet of Things is tied together with a thin strand that is known as time. Coincidentally, at the core of nearly all data analytics is a timestamp. When working with time series data there are a few core principles that everyone should consider, especially across datasets where time is the common boundary. In his session at Internet of @ThingsExpo, Jim Scott, Director of Enterprise Strategy & Architecture at MapR Technologies, discussed single-value, geo-spatial, and log time series dat...
Nov. 27, 2014 03:00 PM EST Reads: 1,429
An entirely new security model is needed for the Internet of Things, or is it? Can we save some old and tested controls for this new and different environment? In his session at @ThingsExpo, New York's at the Javits Center, Davi Ottenheimer, EMC Senior Director of Trust, reviewed hands-on lessons with IoT devices and reveal a new risk balance you might not expect. Davi Ottenheimer, EMC Senior Director of Trust, has more than nineteen years' experience managing global security operations and asse...
Nov. 27, 2014 01:00 PM EST Reads: 1,628
The Internet of Things will greatly expand the opportunities for data collection and new business models driven off of that data. In her session at @ThingsExpo, Esmeralda Swartz, CMO of MetraTech, discussed how for this to be effective you not only need to have infrastructure and operational models capable of utilizing this new phenomenon, but increasingly service providers will need to convince a skeptical public to participate. Get ready to show them the money!
Nov. 27, 2014 11:00 AM EST Reads: 1,236