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INTERNET | Internet Software & Services / Business Intelligence, Analytics & Performance Mgmt
sumologic.com

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Founded Year

2010

Stage

IPO | IPO

Total Raised

$345.5M

Date of IPO

9/17/2020

Market Cap

1.89B

Stock Price

17.05

About Sumo Logic

Sumo Logic (NASDAQ: SUMO) is a cloud-native, machine data analytics platform delivering real-time continuous intelligence, from structured, semi-structured and unstructured data across the entire application lifecycle and stack. 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 multi-tenant, service-model advantage to accelerate their shift to continuous innovation, increasing competitive advantage, business value and growth.

Sumo Logic Headquarter Location

305 Main Street

Redwood City, California, 94063,

United States

650-810-8700

Latest Sumo Logic News

The Increasing Relevance of Continuous Intelligence in a Covid-19 Era

Oct 22, 2021

The Increasing Relevance of Continuous Intelligence in a Covid-19 Era Study reveals most cloud mature digital companies are seriously considering the benefits of continuous intelligence (CI) and are enthusiastic about accelerating their rollouts at a high rate. Covid-19 has driven many businesses to accelerate their digital transformation activities to address the impact on where, how, and when people live and work. But a new U.S. study by King Brown Partners (KBP), commissioned by Sumo Logic reveals most cloud mature digital companies are seriously considering the benefits of continuous intelligence (CI) and are enthusiastic about accelerating their rollouts at a high rate. The study distinguished between cloud mature and cloud transforming respondents. Cloud mature businesses are digital cloud-native, with established cloud strategies plus a “formal governance structure to consistently measure KPIs to improve cloud and hybrid cloud capabilities.” Cloud transforming businesses are those somewhere on the pathway to developing or embracing the strategies and KPIs . CI is a new category of software that bridges real-time data from many discrete applications, services, and infrastructure into a single, cloud-native analytics platform. It’s most valuable to businesses trying to navigate how they’ll derive operational success and revenue from digital transformation, modern applications, and cloud computing. CI is already being used to help businesses make more reliable, secure applications and digital services because they have the real-time data and insights to address the technology and collaboration challenges required for modern business. Here are some of the key takeaways on how businesses and various professionals perceive the rollout and relevance of CI: Overall enthusiasm around adopting CI remains strong. An overwhelming majority of both cloud mature and transforming businesses agreed that CI would benefit their company in meaningful ways. Interest in adopting CI is highest among cloud mature companies, regardless of whether Covid-19 accelerated, had no impact on, or hindered their overall digital transformation plans. CI is more relevant across the board in cloud mature companies. While 62 percent of EDMs agreed that CI is the need-to-embrace approach to data for driving revenue, 67 percent of IT operations, 69 percent of security, and 71 percent of DevOps/SRE professionals agreed, indicating that practitioners are very much in agreement with their executive counterparts. CI is most relevant to executive decision-makers (EDMs) in cloud-transforming companies. 71 percent of respondents in this category strongly agree that “CI is the new approach to data that many companies will need to embrace as they become more software-driven to drive revenue.” IT operations, security, and DevOps/SRE professionals were less aligned on the value of CI. The study transitions into four specific value propositions of CI: access to real-time data, improved executive decision-making, big data mining, and shared accountability for the end-user experience. Cloud mature businesses are more bullish on the overall value of CI. Respondents in this category agreed more strongly with the specific value propositions of CI than their cloud transforming counterparts and agreed more strongly with the sentiment that they’ll gain “speed and agility” from using continuous intelligence throughout their business. Businesses were most optimistic about the value of providing access to real-time data throughout their organization. 74 percent of cloud mature, and 58 percent of cloud transforming businesses strongly agree that data access is where they’ll likely see the most immediate impact, leading other perceived value propositions of CI. While executives look forward to leveraging continuous intelligence and analysis in driving strategic decisions, there’s also clear evidence that organizations will try to enable people at all levels to make faster, more informed decisions. Respondents were most aligned on the value of big data mining. 62 percent and 53 percent of cloud mature and cloud transforming businesses, respectively, strongly believe that their teams could use more sophisticated data analytics as a competitive advantage. The study, conducted in Q4 of 2020 by King Brown Partners and commissioned by Sumo Logic, was derived from 796 professionals with cloud management and leadership responsibilities. View the study’s infographic below or download here Tagged

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Expert Collections containing Sumo Logic

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Sumo Logic is included in 6 Expert Collections, including Sequoia's Microservices Ecosystem.

S

Sequoia's Microservices Ecosystem

129 items

Get small to get big. Microservices is an approach to building software that shifts away from large monolithic applications towards small, loosely coupled and composable autonomous pieces.

S

Smart Money VCs (2017-2019)

6,297 items

We crunched the data to identify the 24 VC firms with the best combination of portfolio valuations and investment outcomes.

D

Development & Operations

381 items

Development & Operations offer designers, developers, engineers, and IT professionals ways to increase efficiency, reduce costs, and improve quality.

C

Cloud Computing

1,330 items

Cloud computing startups develop technologies for remote (off-premises) servers used to store, manage, and process data.

E

Enterprise SaaS

2,452 items

Software-as-a-service (SaaS) – internet based software offered as a subscription – continues to become the de facto standard for software distribution and consumption. Enterprise SaaS continues to show particular promise, emerging as one of the most well-funded categories. Startu

T

The Multi-Cloud Ecosystem

98 items

Companies on our multi-cloud market map offer tools aimed at simplifying the relationship between various cloud providers or improving the management of individual resources from multiple providers. From management and orchestration to migration and security, these startups are h

Sumo Logic Patents

Sumo Logic has filed 34 patents.

The 3 most popular patent topics include:

  • Data management
  • Database management systems
  • NoSQL
patents chart

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