Wednesday, November 28, 2012

Sumo Logic Connects With $30M

Mountain View-based Sumo Logic, a developer of log management and analytics tools, said today that it has raised $30M in a Series C funding round. The round was led by Accel Partners, and also included prior investors Greylock Partners and Sutter Hill Ventures. Sumo Logic's tools used big data techniques to better manage enterprise applications and infrastructure. The firm said it has now raised $50.5M in funding. The new funding will go towards research and development, sales, and marketing. Sumo Logic's CEO is Vance Loiselle. More information »