Sumo Logic

“Empowering the people who power modern business”

Founded: 2010 in California, USA Category: Artificial Intelligence Primary office: Redwood City, California (USA) Core technical team: Redwood City, California (USA) Status: Private Employees: 1000 Amount raised: $345 million (6 rounds – April 2019)

OVERVIEW Enables enterprises to use cloud technology capabilities, machine learning and artificial intelligence to scale. Enables faster data log analysis and monitoring as well as the transformation of sources of big data into real-time, usable insights Analytics supports enterprises digitally and improves security and operational processes Platform enables enterprises to easily detect and investigate indicators of compromises (IoC) and thereby improve compliance with information security and cybersecurity requirements or policies   PERFORMANCE METRICS Valuation – $1 billion (2019) Revenue – $130 million (2019)   ACHIEVEMENTS Supports 2000+ enterprises Process 200+ petabytes of data and handles 20+ million queries for 2000+ enterprises around the world First & only technology continuous intelligence report on the state of cloud operation of modern application stack – provides a data-driven guide to companies using or intending to shift to cloud operations Forbes Cloud 100 (2018 & 2019)

Sells

• Real-time SaaS platform to operate and secure enterprise applications at cloud scale
• Operations analytics, security analytics, business analytics
• Integrations with enterprise systems
• Subscriptions for professionals and enterprises

Channels

• Direct B2B API integrations
• Technology partners, system integrators and resellers, managed service providers, SOC integration

Competencies

• Founder-led Management team
• Expertise in DevSecOps management and compliance required to scale
• Multi-tenant scalable and elastic cloud infrastructure
• Artificial Intelligence, Machine learning, Multi-Cloud support
• Sophisticated & real-time data analytics to enable fast decision making (over 30 million searches and 500 trillion records daily)

Resources

Assertions That Best Describe What the Company Did to Scale Early, Rapidly & Securely

1. Increase sales by applying big-data analytics to produce information about users, suppliers and customers
2. Increase value by arranging and directing a community comprised of groups that are external and internal to the company and connect everything needed to scale.
3. Increase profitability by enforcing policies and procedures for resource configuration, production and coordination, information search and gathering, bargaining, and accountability and enforcement
4. Increase value by forming good opportunities, combining external and internal resources, and operating across borders to raise capital
5. Increase profitability by improving links, interactions and shared purpose with local organizations in each region the company operates
6. Increase the company’s value by continuously seeking and receiving funding to support the company’s plan to scale and improve its image in the marketplace

References

• Bridgewater, A. 2019. Sumo Logic bids to define the Intelligence economy. [online]. Forbes. https://www.forbes.com/sites/adrianbridgwater/2019/09/12/sumo-logic-bids-to-define-the-intelligence-economy/#4e5023b41490

• CBInsights, The Global Unicorn Club. https://www.cbinsights.com/research-unicorn-companies
• Crunchbase. 2019. Sumo Logic. https://www.crunchbase.com/organization/sumo-logic/funding_financials
• Sumo Logic website. https://www.sumologic.com/
• Owler. 2020. Sumo Logic. https://www.owler.com/company/sumologic
  

  ---

Contributors

• Yinka Olanrewaju-Olawepo
• Dan Craigen