Sumo Logic Announces Another Record Breaking Year and Significant Growth Milestones
February 27 2018 - 9:00AM
Sumo Logic, the leading cloud-native, machine data analytics
platform that delivers continuous intelligence, today announced
significant business milestones and market growth. The company
finished its last fiscal year ending Jan. 31, 2018, with more than
1,600 global customers, empowering more than 50,000 active users
and analyzing more than 100 petabytes of data daily. To further
drive market growth and IPO readiness, the company has appointed BJ
Jenkins, CEO of Barracuda Networks, to its board of directors.
“Sumo Logic’s growth is being driven by the shift to digital
business and cloud adoption across all industries and companies of
all sizes. We made a big bet nearly eight years ago to build a
different kind of analytics service: a cloud-native, multi-tenant,
distributed system with the scale, elasticity, and security-first
posture to address the growing complexity and dynamism of
revenue-generating modern applications,” said Ramin Sayar,
president and CEO of Sumo Logic. “Today, it is incredibly exciting
to be an essential solution serving both born-in-the-cloud and
traditional companies embracing digital business, as well as
working with our global ecosystem partners, to democratize machine
data for the new Analytics Economy.”
Sumo Logic, a recognized expert in building and operating
massive multi-tenant, highly distributed cloud systems, is the
industry’s first machine data analytics platform to natively
ingest, index and analyze structured and unstructured data together
in real-time. As one of the most powerful cloud-native services in
the world, the Sumo Logic platform ingests and analyzes vast
amounts of data and enables more 30 million searches and queries,
which powers tens of millions of insights to customers who rely on
this type of continuous intelligence to more effectively build, run
and secure their modern applications.
Key Corporate Milestones for Sumo Logic in
FY2018
- Achieved record revenue for fiscal year 2018 - driven by
continued rapid acceleration of its recurring revenue base, proving
out its land and expand business model as customers continue to
derive increasing value from the Sumo Logic service.
- Grew customer base to more than 1,600 businesses globally and
over 50,000 users.
- Expanded global footprint that resulted in record growth in
customers and partners in EMEA and APAC.
- Increased employee headcount to more than 400 globally with
significant investments in engineering and go-to-market
headcount.
- Enhanced its leading security analytics capabilities with the
acquisition of FactorChain to further pioneer the new operating
model for modernizing cybersecurity, threat and compliance
requirements.
- Analyzed more than 100 petabytes of data, over 30 million
searches and 500 trillion records daily.
- Closed $75 million round of funding, led by Sapphire Ventures,
bringing total capital raised to $235 million, cementing position
as the SaaS machine data analytics solution of choice.
- Hosted Illuminate, the first Sumo Logic user conference, with
more than 400 attendees, sponsored by Amazon Web Services, Google
Cloud Platform, New Relic, Cloud Passage, MongoDB, Okta,
CrowdStrike, JFrog, Fastly, Pivotal and Relus.
- Continued industry recognition including Forbes’ Cloud 100
recipient and IDC’s ITOA Innovator.
“I am delighted to have BJ join the Sumo Logic board of
directors, and I look forward to partnering with him. His proven
track record, diverse board experience and operational excellence
will help us continue to fuel our momentum and growth,” Sayar said.
“I am confident that he will play a significant role in helping
further develop our global go-to-market strategy and IPO
readiness.”
Jenkins, a 20-year IT industry veteran, led Barracuda’s IPO on
the New York Stock Exchange. Previously, he served as President of
EMC’s Backup Recovery Systems (BRS) Division, and has deep
experience guiding companies to reach their growth potential. He
currently serves on the board of Generac Holdings (NYSE:GNRC) and
previously served as the lead director at Apigee (acquired by
Google) and Nimble Storage (acquired by HPE).
“Sumo Logic has cracked the code on molding the perfect market
fit by harnessing the power of key trends such as cloud computing,
analytics and machine learning,” said BJ Jenkins, president and CEO
for Barracuda Networks. “With the company’s impressive growth
trajectory, I believe Sumo Logic is well positioned to become a
market disruptor, and I’m thrilled to have the opportunity to help
them scale the business globally.”
Additional Resources
- Read the Sumo Logic blog
- Sign up for Sumo Logic for free
About Sumo LogicSumo 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. More than 1,600 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 value and growth.
Founded in 2010, Sumo Logic is a privately held company based in
Redwood City, Calif. and is backed by Accel Partners, DFJ, Greylock
Partners, IVP, Sapphire Ventures, Sequoia Capital and Sutter Hill
Ventures. For more information, visit www.sumologic.com.
Media ContactsMelissa LitonSumo
Logicmliton@sumologic.com(650) 814-3882
Danielle Salvato-EarlOffleash for Sumo Logicsumo@offleashpr.com
(650) 922-7287
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