Pace of Customer Adoption Underscores Market Momentum for Continuous Intelligence Delivered via a Cloud-Native, Machine Data Analytics SaaS
Company Doubles Annual Revenue and Employees; Analyzing Nearly 100 Petabytes of Data Daily; Launches Online New User Community to Fuel Customer Success and Adoption of Service
REDWOOD CITY, Calif. – March 29, 2016 – Sumo Logic, the leading cloud-native data analytics service for continuous intelligence, today announced a number of significant corporate milestones in its fiscal year 2015. The company surpassed 1,000 customers worldwide including AirBnB, Anheuser Busch, Adobe, Betfair, Concur, Estee Lauder, Hearst, Hudl, Infor, Marriott, Mattel, McGraw Hill, Medidata, Payless, Sauce Labs, Scholastic, SPS Commerce, Twitter, Telstra, Toyota, Zuora and more. This, coupled with significant growth in revenue, employees and a new user community, are fueling customer success and adoption of the Sumo Logic service.
“We are extremely proud of the growth and progress Sumo Logic has experienced over the past year and want to thank our entire community of customers, users, partners, investors and employees for helping us achieve these amazing milestones,” said Ramin Sayar, president and CEO for Sumo Logic. “But this is just the beginning. As every leading business becomes software centric, the ability to harness the power of machine data to drive intelligence and speed is paramount. The Sumo Logic service is the best platform of choice for companies that build, run and secure modern applications leveraging cloud technologies and modern DevOps methodologies and tools.”
The company more than doubled its subscription and total revenues and also experienced explosive growth around its service analyzing nearly 100 petabytes, running more than 16 million searches and delivering 10s of millions of insights daily – positioning Sumo Logic among the most powerful analytics services in the world.
“By 2019, the worldwide IT operations analytics (ITOA) software market will total $2.5 billion worldwide as ITOA becomes a more standard part of the IT operations and DevOps toolkit. This is in large part because of increased availability of easier-to-use, lower-cost and easier-to-deploy solutions such as Sumo Logic,” said Tim Grieser, program vice president for IDC.
Shift to Continuous Intelligence: Real-time, Cloud-native, Analytics for Machine Data
An increasingly digital, mobile and cloud-based world has given rise to a new continuous innovation model that is inherently software-centric, using modern, software applications to directly execute business strategy. Rooted in faster innovation cycles, continuous innovation means companies are building, running and securing modern applications constantly to deliver new, personalized services to customers faster than ever before. This new model is also dependent upon cloud infrastructures and agile application development models to gain greater speed, agility and scalability. The success of these new modern applications also hinges on the ability to leverage machine data analytics capabilities as continuous intelligence, which only Sumo Logic’s cloud-native SaaS platform provides.
“Life before Sumo Logic was painful, and it was difficult to get insights into what was going on in our business. Logs weren’t consolidated so diagnosing issues meant manually checking logs on multiple systems,” said Jon Dokulil, vice president of engineering at Hudl. “Sumo Logic has accelerated our business by helping us quickly and efficiently detect and capture problems before it impacts our customers. Sumo Logic has also helped our entire company become more cohesive, so whether it’s our application development team or customer support, we’re all using one interface to get answers to questions quickly and that’s unbelievably powerful.”
Key Corporate Milestones for Sumo Logic in 2015
- Grew customer base to over 1,000 businesses globally
- Surpassed 10,000 Sumo Free users
- More than doubled subscription and total revenues for fiscal year 2016
- Doubled employee headcount to over 300
- Now analyzing nearly 100 petabytes daily
- Established strong global presence in APAC and EMEA with significant marquee customer and partner momentum
- Received broad industry recognition including “Top 100 Analytics Companies” by Forbes, “20 of the Coolest Cloud Security Companies” by CRN, Cloud Awards “Best Analytics Solution,” “The Best Cloud Computing Companies and CEOs to Work For in 2016” by Forbes and one of the “100 Career Launching Companies” by Wealthfront.
- Closed $80 million Series E funding, bringing total capital raised to $160 million to further accelerate our growth
New Sumo Logic User Community
Sumo Logic is well positioned for another successful year and is excited to announce the availability of its new online user community, created specifically for users of the Sumo Logic service. As more customers leverage Sumo Logic to help deliver real-time intelligence into their business, it’s important to facilitate the sharing of information across the entire community in order to speed up adoption and come up with new and interesting solutions. The Sumo Logic user community will support both expert and new users who can share tips, common queries, code and open source projects, as well as seek help from other members directly.
- Read Sumo Logic CEO Ramin Sayar’s latest blog
- Learn more about why cloud native services in this IDC whitepaper
- Sign up for the Sumo Logic Online Community
- Sign up for a free trial of Sumo Logic
About Sumo Logic
Sumo Logic is a secure, cloud-native, machine data analytics service, delivering real-time, continuous intelligence across the entire application lifecycle and stack. More than 1,000 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 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, CA and is backed by Accel Partners, DFJ, Greylock Partners, IVP, Sequoia Capital and Sutter Hill Ventures. For more information, visit www.sumologic.com.