Company:Sumo Logic

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Short description: U.S. information technology company


Sumo Logic, Inc.
TypePublic
NASDAQ: SUMO
IndustryComputer software, Security management, Enterprise software
Founded2010
FounderKumar Saurabh, Christian Beedgen
HeadquartersRedwood City, California , United States
Key people
Ramin Sayar, President and CEO
Christian Beedgen, CTO
Lynne Doherty, President of Worldwide Field Operations
Stewart Grierson, CFO
ServicesIT operations, security analytics, cloud SIEM, data analytics
RevenueIncrease$229.2M[1]
Number of employees
800[2]
Websitewww.sumologic.com
Sumo Logic at AWS Summit

Sumo Logic, Inc. is a cloud-based machine data analytics company focusing on security, operations and BI usecases. It provides log management and analytics services that leverage machine-generated big data to deliver real-time IT insights.[3] 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.[4] Sumo Logic's service is powered by patent-pending Elastic Log Processing, LogReduce, and Push Analytics technologies.[3]

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.[5] Previously, Vance Loiselle, formerly of BladeLogic, was CEO between May 2012[6] 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,[7] 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.[8]

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.[9]

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.[10]

In 2018, Sumo Logic announced the expansion of integrations with the Google Cloud Platform, releasing integrations with GCP applications, and an integration with TensorFlow.[11] In September 2018, Sumo Logic announced the addition of a cloud SIEM solution to its machine data analytics platform.[12]

In April 2019, Sumo Logic launched a bidirectional integration for Atlassian’s OpsGenie incident alert service.[13] This integration gives users the ability to create and analyze the alerts and incident data.[14] As of May 2019, the company has collected VC funding totaling $345 million.[15]

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".[16] 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."[17] 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.

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.[18][15]

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.[3] The round of Series E funding announced in June 2015 brings the company's total venture capital backing to $160.5 million.[19] On June 27 the company closed its Series F round for $75 million and is on path to IPO.[20]

In May 2019, Sumo Logic announced a $110 million Series G investment and indicated that its valuation was "north of a billion dollars".[21][22]

Technology

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.[23] Their cloud-based approach overcomes the inherent problems of premises-based solutions, including limits on scalability, inefficient or haphazard analysis, and uncontrolled costs.[24]

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.[24]

The service is entirely cloud-based and is maintenance free.[25] Instead of inelastic security information and event management systems, Sumo Logic employs elastic processing to collect, manage, and analyze log data, regardless of type, volume, or location.[26]

Sumo Logic modeled its approach on that of Google, according to Christian Beedgen, the company's CTO and one of its co-founders. Using advanced machine-learning algorithms to whittle down mountains of log file data into common groupings, Sumo Logic's platform mirrors Google News's categorization of news stories distributed across the web. In doing so, Sumo Logic is able to ease the process for administrators to synthesize and analyze their data.[27]

Partnerships and acquisitions

Sumo Logic works with The Pokémon Company to provide analytics for Pokémon GO, including threats, security vulnerabilities, log aggregation, and security analytics.[28][29]

Awards and recognition

In January, 2012, RSA named Sumo Logic one of its top 10 finalists for the Most Innovative Company at RSA.[30] At the April 2012 Under the Radar Conference, Sumo Logic received the Judge's Choice and the Audience Choice Awards for Performance Monitoring.[31] In May 2012, Sumo Logic was named a Red Herring Americas 2012 Top 100 Winner.[32]

On May 7, 2014, Sumo Logic was named as a Cool Vendor by Gartner in the Application Performance Monitoring (APM) and IT Operations Analytics (ITOA) categories.[33]

In 2019, Fortune named Sumo Logic one of the 50 Best Workplaces in Technology.[34] The same year, Forbes placed Sumo Logic on its Cloud 100 list.[35] In December 2019, Sumo Logic was named Best Enterprise Security Product at Computing’s Technology Product Awards.[36]

On July 6, 2021, industry market research firm, Gartner, named Sumo Logic a Visionary in their 2021 Gartner Magic Quadrant for Security Information and Event Management (SIEM) report.[37] The company was named Independent Software Vendor (ISV) Partner of the Year by Amazon Web Services (AWS) later that year.[38]

See also

References

  1. ↑ Sumo Logic, Inc. (SUMO)
  2. ↑ "Sumo Logic". Forbes. https://www.forbes.com/companies/sumo-logic/#72bb9082c518. Retrieved 10 April 2019. 
  3. ↑ 3.0 3.1 3.2 Taft, Darryl (January 31, 2012). "Cloud Analytics Startup Sumo Logic Exits Stealth, Raises $15M". EWeek. http://www.eweek.com/c/a/Application-Development/Cloud-Analytics-Startup-Sumo-Logic-Exits-Stealth-Raises-15M-574795/. 
  4. ↑ Volkman, Eric (2020-09-17). "Following Snowflake, Sumo Logic Stock Starts Trading on the Nasdaq Today" (in en). https://www.fool.com/investing/2020/09/17/following-snowflake-sumo-logic-stock-starts-tradin/. 
  5. ↑ Haskins, Caitlin (December 2, 2014). "Sumo Logic Surpasses All Goals and Hires Industry Veteran Ramin Sayar as CEO to Lead Rapid Growth Phase". Market Wired. http://www.marketwired.com/press-release/sumo-logic-surpasses-all-goals-hires-industry-veteran-ramin-sayar-as-ceo-lead-rapid-1973294.htm. 
  6. ↑ Hick, Melissa (May 23, 2012). "Sumo Logic Appoints Vance Loiselle as Chief Executive Officer". Market Wired. http://www.marketwire.com/press-release/sumo-logic-appoints-vance-loiselle-as-chief-executive-officer-1660745.htm. 
  7. ↑ Deutscher, Maria (June 26, 2012). "Sumo Logic Goes Freemium with Data Analysis". Silicon Angle. http://siliconangle.com/blog/2012/06/26/sumo-logic-goes-freemium-with-data-analysis/. 
  8. ↑ Talbot, Chris (August 24, 2012). "Sumo Logic for VMware Digs Deep into Real-Time Insights". TalkinCloud. http://www.talkincloud.com/sumo-logic-for-vmware-digs-deep-into-real-time-insights/. 
  9. ↑ Moore, Madison. "Sumo Logic's new platform powered by machine learning technology". https://sdtimes.com/alm/sumo-logics-new-platform-powered-by-machine-learning-technology/. 
  10. ↑ Mike Vizard, Sumo Logic Combines Docker and Kubernetes Analytics, https://containerjournal.com/2017/11/27/sumo-logic-combines-docker-kubernetes-analytics/ 
  11. ↑ Mark Cox, Sumo Logic lights up Google Cloud Platform with expanded application, TensorFlow integrations, http://www.channelbuzz.ca/2018/07/sumo-logic-lights-up-google-cloud-platform-with-expanded-application-tensorflow-integrations-26798/ 
  12. ↑ Jan Stafford. "Sumo Logic breaks security data silos with cloud SIEM". Techtarget. https://searchsoftwarequality.techtarget.com/news/252448973/Sumo-Logic-breaks-security-data-silos-with-cloud-SIEM. Retrieved 1 August 2019. 
  13. ↑ Fay, Joe. "Sumo Logic claps hands, gets bidirectional with Atlassian's Opsgenie". https://devclass.com/2019/04/11/sumo-logic-gets-bidirectional-with-opsgenie/. 
  14. ↑ Sargent, Jenna. "Atlassian Summit: SmartBear's new integrations, Sumo Logic's Opsgenie integration, and Adaptavist's partnerships". https://sdtimes.com/softwaredev/atlassian-summit-smartbears-new-integrations-sumo-logics-opsgenie-integration-and-adaptavists-partnerships/. 
  15. ↑ 15.0 15.1 Ron Miller. "Sumo Logic announces $110M Series G investment on valuation over $1B". TechCrunch. https://techcrunch.com/2019/05/08/sumo-logic-announces-110m-series-g-investment-on-valuation-over-1b/. Retrieved 1 August 2019. 
  16. ↑ "Netflix IT exec forced employees to use products from vendors that bribed him". 4 May 2021. https://arstechnica.com/tech-policy/2021/05/netflix-it-exec-forced-employees-to-use-products-from-vendors-that-bribed-him/. 
  17. ↑ "Former Netflix Executive Convicted Of Receiving Bribes And Kickbacks From Companies Contracting With Netflix". 30 April 2021. https://www.justice.gov/usao-ndca/pr/former-netflix-executive-convicted-receiving-bribes-and-kickbacks-companies-contracting. 
  18. ↑ Nicora, Hope (January 31, 2012). "Sumo Logic Raises $15M Series B Round for Next Generation Log Management and Analytics". Market Wired. http://www.marketwire.com/press-release/sumo-logic-raises-15m-series-b-round-next-generation-log-management-analytics-1612992.htm. 
  19. ↑ Haskins, Caitlin (June 1, 2015). "Sumo Logic Secures $80 Million Investment to Support Continued Customer Growth and Platform Expansion". Market Wired. http://www.marketwired.com/press-release/sumo-logic-secures-80-million-investment-support-continued-customer-growth-platform-2024969.htm/. 
  20. ↑ Miller, Ron (June 27, 2017). "Sumo Logic lands $75 million Series F, on path to IPO". TechCrunch. https://techcrunch.com/2017/06/27/sumo-logic-lands-75-million-series-f-on-the-road-to-ipo. 
  21. ↑ Deutscher, Maria. "Sumo Logic joins the unicorn club with $110 million funding". https://siliconangle.com/2019/05/08/sumo-logic-joins-unicorn-club-new-110-million-funding-round/. 
  22. ↑ Miller, Ron. "Sumo Logic announces $110M Series G investment on valuation over $1B". https://techcrunch.com/2019/05/08/sumo-logic-announces-110m-series-g-investment-on-valuation-over-1b/. 
  23. ↑ Rao, Leena (January 31, 2012). "Log Data Management And Analytics Startup Sumo Logic Raises $15M From Greylock And Others". TechCrunch. https://techcrunch.com/2012/01/31/log-data-management-and-analytics-startup-sumo-logic-raises-15m-from-greylock-and-others/. 
  24. ↑ 24.0 24.1 Klump, Bill (February 14, 2012). "Disruptor of the Day: Sumo Logic – Harnessing the Power of Big Data for Real-Time IT". Daily Disruption. http://www.dailydisruption.com/2012/02/disruptor-of-the-day-sumo-logic-harnessing-the-power-of-big-data-for-real-time-it/. 
  25. ↑ Mitroff, Sarah (January 31, 2012). "Sumo Logic raises $15M, drops its stealthy status". VentureBeat. https://venturebeat.com/2012/01/31/sumo-logic-raises-15m-drops-its-stealthy-status/. 
  26. ↑ Kepes, Ben (February 21, 2014). "Sumo Logic Delivers Enterprise Security Analytic Product". Forbes. https://www.forbes.com/sites/benkepes/2014/02/21/sumo-logic-delivers-enterprise-security-analytic-product/. 
  27. ↑ Kelly, Jeffrey (January 31, 2012). "Sumo Logic Emerges From Stealth To Take On Splunk, Log Data Analytics". Services Angle. http://servicesangle.com/blog/2012/01/31/sumo-logic-emerges-from-stealth-to-take-on-splunk-log-data-analytics/. 
  28. ↑ Sooraj Shah, How Pokémon Go's creators managed its meteoric success, https://tech.newstatesman.com/it-leaders/pokemon-company-john-visneski 
  29. ↑ Karen D. Schwartz, Pokémon Go Sharpens Its Security Game by Building a Security Operations Center, https://www.itprotoday.com/mobile-management-and-security/pok-mon-go-sharpens-its-security-game-building-security-operations 
  30. ↑ Fearon, Mike (January 5, 2012). "Top 10 Finalists Announced for the "Most Innovative Company at RSA® Conference 2012" Contest". Business Wire. http://www.businesswire.com/news/home/20120105005264/en/Top-10-Finalists-Announced-Innovative-Company-RSA®. 
  31. ↑ Ryan, Clare (April 26, 2012). "Announcing the Winners of Under the Radar: Consumerization of It". Under the Radar. http://utrconf.com/announcing-the-winners-of-under-the-radar-consumerization-of-it-2/. 
  32. ↑ "2012 Red Herring North America: Finalists". Red Herring. 2012. http://www.redherring.com/red-herring-americas/americas-2012-finalists/. 
  33. ↑ Kowall, Jonah (April 30, 2014). "Cool Vendors in Application Performance Monitoring (APM) and IT Operations Analytics (ITOA)". Gartner Blog. http://blogs.gartner.com/jonah-kowall/2014/04/30/cool-vendors-in-application-performance-monitoring-apm-and-it-operations-analytics-itoa/. 
  34. ↑ "The 50 Best Workplaces in Technology". https://fortune.com/2019/01/17/50-best-workplaces-in-technology/. 
  35. ↑ "The Cloud 100". https://www.forbes.com/cloud100/#78f00ee45f94. 
  36. ↑ "Interview with Sumo Logic, Best Enterprise Security Product - Intelligence and Analytics at the Technology Product Awards 2019" (in en). 2019-12-16. https://www.computing.co.uk/news/3084691/interview-sumo-logic-tpa-2019. 
  37. ↑ Thropp, Christine (July 12, 2021). "Sumo Logic Receives 'Visionary' Recognition in 2021 Gartner Magic Quadrant for Security Information and Event Management Report" (in en). https://blog.executivebiz.com/2021/07/sumo-logic-receives-visionary-recognition-in-2021-gartner-magic-quadrant-for-security-information-and-event-management-report/. 
  38. ↑ "Sumo Logic Named ISV Partner of the Year by Amazon Web Services". GlobeNewswire. 30 November 2021. https://www.globenewswire.com/news-release/2021/11/30/2343174/0/en/Sumo-Logic-Named-ISV-Partner-of-the-Year-by-Amazon-Web-Services.html. 

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