Sumo Logic Lands New Funding Round
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- Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=6fc4ae0a-7a77-4466-b1b5-f01c56b78536 - Date
6/1/2015 - Company Name
Sumo Logic - Mailing Address
305 Main Street Redwood City, CA 94063 USA - Company Description
Our purpose-built Cloud-native service has scaled and our amazing team is focused on delivering data-driven insight to enterprises worldwide. Our mission is to enable businesses to harness the power of machine data to improve their operations and deliver outstanding customer experience at Enterprise scale. - Website
http://www.sumologic.com - Transaction Type
Venture Equity - Transaction Amount
Undisclosed - Transaction Round
Undisclosed - Proceeds Purposes
The funding will fuel growth across the business, spanning engineering, sales and global operations. Headcount, which increased by 250 percent year-over-year, is expected to double to approximately 400 employees within the next year to support the explosion in customer demand. - M&A Terms
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