Sequoia leads $30m round for machine data analysis company Sumo Logic


data storage_lrgGlobal venture capital giant Sequoia Capital has led a $30m financing round for machine data analytics business Sumo Logic.

Existing backers Greylock Partners, Sutter Hill Ventures and Accel Partners also took part in the round, which Sumo said would be used to expand the company into Europe, the Middle East, Africa and Asia-Pacific.

The latest funding round brings Sumo’s total backing to just over $80m.

Sequoia partner Pat Grady said, “Machine data used to be little more than exhaust.

“Now it’s the fuel that powers operational efficiency, information security, and insights into customer behaviour.

“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.”

Greylock partner Joseph Ansanelli added, “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.

“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.”

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