Investors pump $30m into analytics firm Sumo Logic

The latest round of funding brings the total amount of funding the company has raised to $50.5m, and the latest round will be used to expand the firm’s research and development activities and increase investments in sales and marketing.

Sumo Logic’s cloud-based software allows users to analyse, monitor and visualise data in real time, eliminating the need for on-site equipment and staff.

Vance Loiselle (pictured), president and CEO at Sumo Logic, said: “This new funding round is validation of our vision and innovation as a company, and testament to the traction we are seeing in the marketplace. The funding positions us well to aggressively expand our powerful cloud-based analytics and log management service to a very broad section of the market.”