Sumo Logic, a log management and analytics solutions company, this week announced that it has closed a $30 million Series C funding round, bringing the company's total venture capital funding to-date to $50.5 million.
With the fresh capital, the company said that it plans to expand R&D, increase investments in sales and marketing, and put resources toward other “go-to-market resources”. Overall, the company said the funding round would help support its expansion and innovations within the log management and data analytics spaces.
Using Sumo Logic’s cloud-based offering, IT professionals can search, analyze, monitor, and visualize big data in real time, enabling application and infrastructure troubleshooting within data center, cloud and hybrid environments, the Mountain View, California-based company explained.
While Sumo Logic’s solutions can be used for broad purposes across enterprise IT, they can be especially useful in IT security and compliance use cases.
For example, real-time log data collection, retention, real-time indexing, and real-time forensics empowers security and compliance teams with valuable data and alerts that can help uncover new and never before seen activity to help enterprises defend against threats.
Machine data can be collected, managed, stored and analyzed with near-zero latency, the company says, and can help organizations separate critical events from the noise, and help uncover activity buried under gigabytes of log data, such as:
• Policy violations such as accessing remote systems over SSH as root
• Data leakage such as emailing confidential documents to personal accounts
• Insider abuse such as low and slow attempts to gain access to sensitive PCI PAN, HR or Finance systems
• Simple outside attacks such as brute force logins
• Sophisticated outside attacks such as malware and APT activity
"Sumo Logic's powerful analytics engine, coupled with its highly-scalable architecture, provides enterprises with a compelling cloud-based solution for monitoring and analyzing machine data," said Ping Li, partner at Accel Partners and responsible for Accel's Big Data Fund. "With Sumo Logic, IT and Operations teams can generate actionable insights that transform the business."
The funding was led by Accel Partners, with existing investors Greylock Partners and Sutter Hill Ventures also participating.