Sumo Logic Inc.

Founded in March 2010 Sumo Logic Inc. is a SaaS firm specialising in the provision of secure, cloud-based log management and analytics services. It has its headquarters in Redwood City, California. The company serves over 2,000 customers across the world, extracting continuous intelligence from unstructured, semi-structured and structured data. Its log management and analytics services compute machine-generated big data to provide real-time IT insights. The analytics and insights delivered by Sumo Logic’s services help companies strengthen the security of their applications and cloud infrastructures. Customers gain a competitive advantage via Sumo Logic’s multi-tenant service model. That helps accelerate their efforts at successful continuous innovation while increasing competitive advantage and boosting business growth and value. Trading on the Nasdaq exchange under the ticker SUMO, as of 2020 the company has raised a total of $345m through six rounds of funding from 13 investors. PrivCo put its post-money valuation in the range of $1bn to $10bn as of May 2019. As of September 2020, the company has acquired two other firms. In September 2020, it became the first cybersecurity firm to pursue an initial public offering (IPO) since the start of the COVID-19 crisis of that year. Readers wishing to track Sumo Inc.’s share price or buy stock can monitor the company’s performance by adding it to their eToro watchlist using the ticker SUMO.