Sumo Logic

{{Infobox company

| name = Sumo Logic, Inc.

| type = Private

| traded_as = {{NASDAQ was|SUMO}} (2020–2023)

| logo = Sumo_Logic_Logo.svg

| image = File:SumoLogicAWSTorontoSummit.jpg

| image_caption = Sumo Logic at an AWS Summit

| industry = {{Unbulleted list|Computer software| Security management| Enterprise software}}

| foundation = {{Start date and age|2010}}

| founders = {{Unbulleted list|Kumar Saurabh| Christian Beedgen}}

| location = Redwood City, California, U.S.

| key_people = Joe Kim (president and CEO)
Stewart Grierson (COO)
Lynne Doherty (president of Worldwide Field Operations)

| num_employees = 800{{cite news|url=https://www.forbes.com/companies/sumo-logic/#72bb9082c518|title=Sumo Logic|work=Forbes|accessdate=10 April 2019}}

| revenue = {{Increase}}$229.2M[https://finance.yahoo.com/quote/SUMO/financials?p=SUMO Sumo Logic, Inc. (SUMO)]

| net_income =

| services = IT operations, security analytics, cloud SIEM, data analytics

| owner = Francisco Partners

| homepage = {{URL|sumologic.com}}

| footnotes =

}}

Sumo Logic, Inc. is a cloud-based machine data analytics company focusing on security, operations and BI use-cases. It provides log management and analytics services that use machine-generated big data.{{cite news|url=http://www.eweek.com/c/a/Application-Development/Cloud-Analytics-Startup-Sumo-Logic-Exits-Stealth-Raises-15M-574795/|archive-url=https://archive.today/20130122173911/http://www.eweek.com/c/a/Application-Development/Cloud-Analytics-Startup-Sumo-Logic-Exits-Stealth-Raises-15M-574795/|url-status=dead|archive-date=January 22, 2013|title=Cloud Analytics Startup Sumo Logic Exits Stealth, Raises $15M|first=Darryl|last=Taft|date=January 31, 2012|work=EWeek}} Sumo Logic was founded in April 2010 by ArcSight veterans Kumar Saurabh and Christian Beedgen, and is headquartered in Redwood City, California.

On September 17, 2020, Sumo Logic debuted on the NASDAQ stock exchange in its initial public offering as a public company.{{Cite web|last=Volkman|first=Eric|date=2020-09-17|title=Following Snowflake, Sumo Logic Stock Starts Trading on the Nasdaq Today|url=https://www.fool.com/investing/2020/09/17/following-snowflake-sumo-logic-stock-starts-tradin/|access-date=2020-09-17|website=The Motley Fool|language=en}} Sumo Logic's service is powered by patent-pending Elastic Log Processing, LogReduce, and Push Analytics technologies. Sumo Logic was taken private by investment firm Francisco Partners in May 2023. Francisco Partners acquired the company for $1.7 billion.{{Cite news |date=2023-02-09 |title=Sumo Logic to be taken private by Francisco Partners in $1.7 bln deal |language=en |work=Reuters |url=https://www.reuters.com/markets/deals/sumo-logic-be-acquired-by-francisco-partners-17-bln-deal-2023-02-09/ |access-date=2023-10-17}}

History

Sumo Logic was founded in 2010 by a technical leadership team with expertise in log management, scalable systems, Big Data and security.

Ramin Sayar, formerly of VMware, is Sumo Logic's CEO since December 2014.{{cite news|url=http://www.marketwired.com/press-release/sumo-logic-surpasses-all-goals-hires-industry-veteran-ramin-sayar-as-ceo-lead-rapid-1973294.htm|title=Sumo Logic Surpasses All Goals and Hires Industry Veteran Ramin Sayar as CEO to Lead Rapid Growth Phase|first=Caitlin|last=Haskins|date=December 2, 2014|work=Market Wired}}

Previously, Vance Loiselle, formerly of BladeLogic, was CEO between May 2012{{cite news|url=http://www.marketwire.com/press-release/sumo-logic-appoints-vance-loiselle-as-chief-executive-officer-1660745.htm|title=Sumo Logic Appoints Vance Loiselle as Chief Executive Officer|first=Melissa|last=Hick|date=May 23, 2012|work=Market Wired}} and December 2014.

In June 2012, Sumo Logic announced Sumo Logic Free, a freemium full functionality edition of its analytical solution that is deployed on Amazon Web Services,{{cite web|url=http://siliconangle.com/blog/2012/06/26/sumo-logic-goes-freemium-with-data-analysis/|title=Sumo Logic Goes Freemium with Data Analysis|first=Maria|last=Deutscher|date=June 26, 2012|work=Silicon Angle}} and in August 2012, the company announced Sumo Logic for VMware, which allows enterprises to search, visualize and analyze all VMware logs in real time so they can monitor and detect events within VMware virtual environments.{{cite news|url=http://www.talkincloud.com/sumo-logic-for-vmware-digs-deep-into-real-time-insights/|title=Sumo Logic for VMware Digs Deep into Real-Time Insights|first=Chris|last=Talbot|date=August 24, 2012|work=TalkinCloud}}

In 2016, Sumo Logic launched a data analytics platform that unifies logs and metrics to analyze structured metrics data and unstructured log data in real-time through graphical, interactive dashboards.{{cite web|url=https://sdtimes.com/alm/sumo-logics-new-platform-powered-by-machine-learning-technology/|title=Sumo Logic's new platform powered by machine learning technology|last=Moore|first=Madison|date=12 April 2016 |access-date=19 June 2019}}

At the AWS 2017 conference, Sumo Logic presented its machine data analytics service which combines analytics of Docker and Kubernetes. The service streamlines data ingestion for Sumo Logic's machine data analytics service hosted on Amazon Web Services.{{citation|url=https://containerjournal.com/2017/11/27/sumo-logic-combines-docker-kubernetes-analytics/|title=Sumo Logic Combines Docker and Kubernetes Analytics|author=Mike Vizard|date=27 November 2017 }}

In 2018, Sumo Logic announced the expansion of integrations with the Google Cloud Platform, releasing integrations with GCP applications, and an integration with TensorFlow.{{citation|url=http://www.channelbuzz.ca/2018/07/sumo-logic-lights-up-google-cloud-platform-with-expanded-application-tensorflow-integrations-26798/|title=Sumo Logic lights up Google Cloud Platform with expanded application, TensorFlow integrations|author=Mark Cox|date=23 July 2018 }} In September 2018, Sumo Logic announced the addition of a cloud SIEM solution to its machine data analytics platform.{{cite news|url=https://searchsoftwarequality.techtarget.com/news/252448973/Sumo-Logic-breaks-security-data-silos-with-cloud-SIEM|title=Sumo Logic breaks security data silos with cloud SIEM|author=Jan Stafford|publisher=Techtarget|accessdate=1 August 2019}}

In April 2019, Sumo Logic launched a bidirectional integration for Atlassian’s OpsGenie incident alert service.{{cite web|url=https://devclass.com/2019/04/11/sumo-logic-gets-bidirectional-with-opsgenie/|title=Sumo Logic claps hands, gets bidirectional with Atlassian's Opsgenie|first=Joe|last=Fay|access-date=19 June 2018}} This integration gives users the ability to create and analyze the alerts and incident data.{{cite web|url=https://sdtimes.com/softwaredev/atlassian-summit-smartbears-new-integrations-sumo-logics-opsgenie-integration-and-adaptavists-partnerships/|title=Atlassian Summit: SmartBear's new integrations, Sumo Logic's Opsgenie integration, and Adaptavist's partnerships|first=Jenna|last=Sargent|date=11 April 2019 |access-date=19 June 2019}} As of May 2019, the company has collected VC funding totaling $345 million.

In 2021 it was revealed that Sumo Logic, along with other vendors, had a kickback agreement with Michael Kail, a former Netflix vice president of IT operations convicted of fraud for receiving bribes from vendors. According to the US Department of Justice, he "became an advisor and received options for shares in the company Sumo Logic" and "authorized and signed on behalf of Netflix a vendor agreement between Netflix and Sumo Logic".{{cite web|url=https://arstechnica.com/tech-policy/2021/05/netflix-it-exec-forced-employees-to-use-products-from-vendors-that-bribed-him/|title= Netflix IT exec forced employees to use products from vendors that bribed him|date= 4 May 2021}} On 4th May 2021, the US Department of Justice announced that Michael Kail had been convicted on a number of counts related to the kick backs received from Sumo Logic and other vendors. Evidence in the case shows that Kail insisted on Sumo Logic's products being used, "despite his IT team feedback about the product underperforming."{{cite web|url=https://www.justice.gov/usao-ndca/pr/former-netflix-executive-convicted-receiving-bribes-and-kickbacks-companies-contracting|title=Former Netflix Executive Convicted Of Receiving Bribes And Kickbacks From Companies Contracting With Netflix|date=30 April 2021}} Evidence presented at trial showed that Kail’s advisor role with Sumo Logic lasted from 2012 to 2014 and that Kail represented and warranted to Sumo Logic that his advisor role and receipt of options would not conflict with or violate any obligation of Kail’s. The evidence also showed that Sumo Logic was led to believe that there was no conflict with Kail’s obligations to Netflix and that Sumo Logic understood it was not guaranteed any contracts or provided any shortcuts. Sumo Logic was not a party to the criminal case, and no charges were ever brought, or claims made, against Sumo Logic.

In February 2023, investment firm Francisco Partners agreed to acquire Sumo Logic for $1.7{{nbsp}}billion.{{cite news |last=Mathews |first=Eva |date=February 9, 2023 |title=Sumo Logic to be taken private by Francisco Partners in $1.7 bln deal |url=https://www.reuters.com/markets/deals/sumo-logic-be-acquired-by-francisco-partners-17-bln-deal-2023-02-09/ |publisher=Reuters}} The transaction finalized and the company was taken private in May 2023.{{cite press release |url=https://www.globenewswire.com/news-release/2023/05/12/2667897/0/en/Francisco-Partners-Completes-Acquisition-of-Sumo-Logic.html |title=Francisco Partners Completes Acquisition of Sumo Logic |date=May 12, 2023 |website=Cision PR Newswire}}

Funding

Sumo Logic received funding from Accel Partners, DFJ Growth, Greylock Partners, Institutional Venture Partners, Sequoia Capital, Sapphire Ventures, Sutter Hill Ventures, angel investor Shlomo Kramer, Battery Ventures, Tiger Global Management and Franklin Templeton.{{cite news|url=http://www.marketwire.com/press-release/sumo-logic-raises-15m-series-b-round-next-generation-log-management-analytics-1612992.htm|title=Sumo Logic Raises $15M Series B Round for Next Generation Log Management and Analytics|first=Hope|last=Nicora|date=January 31, 2012|work=Market Wired}}{{cite news|url=https://techcrunch.com/2019/05/08/sumo-logic-announces-110m-series-g-investment-on-valuation-over-1b/|title=Sumo Logic announces $110M Series G investment on valuation over $1B|author=Ron Miller|publisher=TechCrunch|accessdate=1 August 2019}}

While Sumo Logic remained in stealth mode for two years, it unveiled its cloud-based log management platform with Series B funding of $15 million in January 2012. The round of Series E funding announced in June 2015 brings the company's total venture capital backing to $160.5 million.{{cite news| url=http://www.marketwired.com/press-release/sumo-logic-secures-80-million-investment-support-continued-customer-growth-platform-2024969.htm/|title=Sumo Logic Secures $80 Million Investment to Support Continued Customer Growth and Platform Expansion|first=Caitlin|last=Haskins|date=June 1, 2015|work=Market Wired}} On June 27 the company closed its Series F round for $75 million and is on path to IPO.{{cite news| url=https://techcrunch.com/2017/06/27/sumo-logic-lands-75-million-series-f-on-the-road-to-ipo|title=Sumo Logic lands $75 million Series F, on path to IPO|first=Ron|last=Miller|date=June 27, 2017|work=TechCrunch}}

In May 2019, Sumo Logic announced a $110 million Series G investment and indicated that its valuation was "north of a billion dollars".{{cite web|url=https://siliconangle.com/2019/05/08/sumo-logic-joins-unicorn-club-new-110-million-funding-round/|title=Sumo Logic joins the unicorn club with $110 million funding|last=Deutscher|first=Maria|date=8 May 2019 |access-date=19 June 2019}}{{cite web|url=https://techcrunch.com/2019/05/08/sumo-logic-announces-110m-series-g-investment-on-valuation-over-1b/|title=Sumo Logic announces $110M Series G investment on valuation over $1B|last=Miller|first=Ron|date=8 May 2019 |access-date=19 June 2019}}

Technology and acquisitions

Sumo Logic brands itself as a "continuous intelligence platform" that automates the collection, ingestion and analysis of various types of data into actionable insights for its users.{{cn|date=July 2022}} In 2019, the company acquired JASK to combine its security operations center (SOC) with Sumo Logic's security information and event management (SIEM) services.{{Cite web|url=https://techcrunch.com/2019/11/04/sumo-logic-acquires-jask-to-fill-security-operations-gap/|title=Sumo Logic acquires JASK to fill security operations gap|author=Miller, Ron|date=4 November 2019|publisher=TechCrunch}} Sumo Logic works with The Pokémon Company to provide analytics for Pokémon GO, including threats, security vulnerabilities, log aggregation, and security analytics.{{citation|url=https://tech.newstatesman.com/it-leaders/pokemon-company-john-visneski|title=How Pokémon Go's creators managed its meteoric success|author=Sooraj Shah|work=NS Tech |date=February 2019 }}{{citation|url=https://www.itprotoday.com/mobile-management-and-security/pok-mon-go-sharpens-its-security-game-building-security-operations|title=Pokémon Go Sharpens Its Security Game by Building a Security Operations Center|author=Karen D. Schwartz|date=3 March 2019 }}

It expanded into security orchestration, automation, and response (SOAR) technology and monitoring workflow software with the acquisitions of DFLabs and Sensu in 2021.{{Cite web|url=https://venturebeat.com/2021/08/24/sumo-logic-delivers-on-soar-promise-it-made-by-acquiring-dflabs/|title=Sumo Logic delivers on SOAR promise it made by acquiring DFLabs|author=Vizard, Michael|date=24 August 2021|publisher=VentureBeat}}{{Cite web|url=https://www.zdnet.com/article/sumo-logic-acquires-sensu-to-expand-observability-suite/|title=Sumo Logic acquires Sensu to expand observability suite|author=Preimesberger, Chris|date=2 June 2021|publisher=ZDnet}} That same year, the company announced DevSecOps tools on its continuous intelligence platform for infrastructure observability and telemetry data analytics of enterprise applications.{{Cite web|url=https://www.infoworld.com/article/3635370/sumo-logic-enhances-observability-suite-for-app-infrastructure-performance.html|title=Sumo Logic enhances observability suite for app, infrastructure performance|author=Ghoshal, Anirban|date=1 October 2021|publisher=InfoWorld}}

Sumo Logic's architecture features an elastic petabyte scale platform that collects, manages, and analyzes enterprise log data, reducing millions of log lines into operational and security insights in real time.{{cite news|url=https://techcrunch.com/2012/01/31/log-data-management-and-analytics-startup-sumo-logic-raises-15m-from-greylock-and-others/|title=Log Data Management And Analytics Startup Sumo Logic Raises $15M From Greylock And Others|first=Leena|last=Rao|date=January 31, 2012|work=TechCrunch}} Its elastic processing is used to collect, manage, and analyze log data, regardless of type, volume, or location.{{cite news|url= https://www.forbes.com/sites/benkepes/2014/02/21/sumo-logic-delivers-enterprise-security-analytic-product/| title=Sumo Logic Delivers Enterprise Security Analytic Product|first=Ben|last=Kepes|date=February 21, 2014|work=Forbes}} A cloud-based approach overcomes the inherent problems of premises-based solutions, including limits on scalability, inefficient or haphazard analysis, and uncontrolled costs.{{cite news|url=http://www.dailydisruption.com/2012/02/disruptor-of-the-day-sumo-logic-harnessing-the-power-of-big-data-for-real-time-it/|title=Disruptor of the Day: Sumo Logic – Harnessing the Power of Big Data for Real-Time IT|first=Bill|last=Klump|date=February 14, 2012|work=Daily Disruption}} Sumo Logic is built around a globally distributed data retention architecture that keeps all log data available for instant analysis, eliminating the need for an enterprise to manage the cost and complexity of data archiving, backups and restoration. The service is entirely cloud-based and maintenance-free.{{cite news|url=https://venturebeat.com/2012/01/31/sumo-logic-raises-15m-drops-its-stealthy-status/|title=Sumo Logic raises $15M, drops its stealthy status|first=Sarah|last=Mitroff|date=January 31, 2012|work=VentureBeat}}