Sumo Logic Acquisition, Valuation, Funding & Investors
Sumo Logic was acquired by Francisco Partners for $1.7B in February 2023, a 7.0x multiple on $242M of revenue.
Sumo Logic acquisition price
$1.7B
Acquired by Francisco Partners · Feb 2023
Sumo Logic revenue at acquisition
$242M
Last twelve months · Feb 2023
Sumo Logic revenue multiple at acquisition
7.0x
EV/Revenue · Feb 2023
Cumulative funding Sumo Logic raised
$295M
across 4 funding rounds
About Sumo Logic
Sumo Logic is a Redwood City-headquartered provider of cloud-native observability and security analytics platforms. The service processes machine data from applications, infrastructure, and logs to deliver real-time insights across the development lifecycle. Launched in 2010 and publicly listed on NASDAQ as SUMO since 2020, it supports multi-tenant SaaS delivery for continuous intelligence on structured and unstructured data. Enterprises in sectors like finance and technology integrate Sumo Logic for log management, metrics monitoring, and Cloud SIEM features. Partnerships with AWS, Google Cloud, and Microsoft Azure enhance its stack-agnostic approach to IT operations and application performance management.
Founded
2010
HQ
San Francisco, CAWebsite
Status
Acquired
Customer focus
B2B
Revenue model
Subscription
Revenue
$100M (May 2019)
Valuation
$1B (May 2019)
Sumo Logic Acquisition
Sumo Logic was acquired by Francisco Partners for $1.7B on 9 February 2023.
The acquisition price implies a 7.0x revenue multiple on $242M of revenue.
Before the acquisition Sumo Logic had raised $295M across 4 funding rounds.
| Acquirer | Date | Type | Price | EV/Revenue |
|---|---|---|---|---|
| 9 Feb 2023 | PE buyout | $1.7B | 7.0x |
Sumo Logic Valuation
Sumo Logic is currently valued at $1B, based on its Series G in May 2019.
The $110M round was led by Battery Ventures, with participation from Putnam Premier IT, Tiger Global and Employee Stock Option Fund.
Sumo Logic valuation by funding round
| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| May 2019 | Series G | $1B | 10.0x |
Sumo Logic Revenue
Sumo Logic's latest recorded revenue is $100M, as of its Series G in May 2019. At a $1B valuation, that implies a 10.0x revenue multiple.
Sumo Logic revenue by funding round
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| May 2019 | $100M | $1B | 10.0x | Series G |
* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.
Sumo Logic Funding History
Sumo Logic has raised a total of $295M across 4 funding rounds.
Sumo Logic's first fundraising round was a $30M Series D in May 2014. The most recent completed round was a $110M Series G in May 2019.
Sumo Logic funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| May 2019 | Series G | Battery Ventures (lead); Putnam Premier IT; Tiger Global; Employee Stock Option Fund | $110M | $1B | Sumo Logic is a cloud-native platform for log analytics, security, and observability, providing real-time visibility into cloud infrastructure across AWS, Azure, and Google Cloud for developers and enterprises. The company serves over 2,000 customers including Airbnb, Anheuser-Busch, Samsung, and Pokemon Company, competing with Splunk, Scalyr, and Loggly in the growing cloud analytics market driven by digital transformation and cloud adoption. On May 8, 2019, Sumo Logic raised $110 million in a Series G round led by Battery Ventures, with participation from Tiger Global Management, Franklin Templeton (noted as Putnam Premier IT in some contexts), and existing investors, bringing total funding to $345 million. The round valued the company over $1 billion, positioning it as a unicorn preparing for potential IPO challenges through platform development, acquisitions, and engineering investments despite ample prior capital. For fiscal year 2019, Sumo Logic surpassed $100 million in revenue, marking a record achievement that underscored its growth trajectory amid enterprise cloud migrations. The funding supported category leadership in cloud-native analytics, with investors like Battery Ventures highlighting the team's foresight into modern application architectures and massive market opportunities. |
| Jun 2017 | Series F | Sapphire Ventures (lead); IVP; Sutter Hill Ventures; DFJ Growth; Sequoia Capital; Greylock; Accel | $75M | - | Sumo Logic announced a $75 million Series F funding round led by Sapphire Ventures on June 27, 2017, with participation from existing investors including Accel Partners, DFJ Growth, Greylock Partners, Institutional Venture Partners (IVP), Sequoia Capital, and Sutter Hill Ventures. This round brought the company's total funding to $235 million since its founding in 2010. The company operates as a cloud-native, machine data analytics platform that delivers continuous intelligence through cloud-based log analysis and monitoring solutions. At the time of the funding round, Sumo Logic had achieved significant traction with 1,500 paying customers and 30,000 active daily users. The platform was processing 100 petabytes of data daily. Notable customers included Zuora, Toyota, Airbnb, and Delta. The company competed with established players including Splunk, Loggly, and LogRhythm in the log analytics and monitoring space. CEO Ramin Sayar emphasized that the investment provided capital to advance the company toward an IPO, which he identified as the next logical step for the business. However, Sayar declined to disclose the post-money valuation at the time of the announcement. The funding was intended to support the company's transition to focus on enterprise customers, expand market reach, and build toward profitability and public markets. Sumo Logic successfully went public on the NASDAQ in September 2020 under the ticker SUMO. |
| Jun 2015 | Series E | DFJ Growth (lead); Tenaya Capital; IVP; Sutter Hill Ventures; Sequoia Capital; Greylock; Glynn Capital Management; Accel | $80M | - | Sumo Logic is a cloud-native machine data analytics platform providing continuous intelligence for IT operations, security, and business analytics by processing large volumes of log and machine data. In June 2015, the company raised $80 million in its Series E funding round led by DFJ Growth, with participation from Institutional Venture Partners (IVP), Greylock Partners, Sequoia Capital, Sutter Hill Ventures, Accel Partners, and others, bringing total funding to $160.5 million at that point. The round aimed to support international expansion, product innovation, and scaling operations amid growing demand for big data analytics in IT operations. The company competed with established players like Splunk, IBM, Oracle, and SAP in the log management and analytics space, positioning itself as a modern, cloud-native alternative handling increasing data from IoT devices, mobile, and cloud apps. At the time of the Series E, Sumo Logic had approximately 500 customers including Netflix, McGraw Hill, and Kaiser Permanente, and planned to expand headcount from 250 to 400 employees by fiscal year-end. The company continued raising funds, reaching over $340M total by 2019 with a valuation over $1B in Series G. |
| May 2014 | Series D | Sequoia Capital (lead); Sutter Hill Ventures; Greylock; Accel | $30M | - | Sumo Logic, a cloud-based machine data analytics platform, raised $30 million in its Series D funding round on May 20, 2014, led by Sequoia Capital with participation from existing investors Greylock Partners, Sutter Hill Ventures, and Accel Partners. The funds were earmarked for scaling operations, accelerating growth, expanding into European and Asia Pacific markets, hiring talent, and capitalizing on surging demand for machine data analytics driven by machine learning and elastic scale. The press release highlighted the platform's advantages over on-premise solutions, including instant deployment, low total cost of ownership, elastic scaling, and zero maintenance. Sequoia partner Pat Grady praised Sumo Logic's rapid analysis capabilities, noting customers could start analyzing production data in minutes, positioning it as a superior alternative to legacy systems. CEO Vance Loiselle emphasized explosive growth over the prior year and the investment's validation of the business model amid a massive market opportunity in cloud-based analytics for IT, security, and operational efficiency. Greylock's Joseph Ansanelli underscored the company's innovation and execution in leveraging cloud computing for IT and security value addition. The company, founded in 2010 and based in Redwood City, California, continued raising capital in subsequent rounds, including $80 million Series E in June 2015 and reaching unicorn status by 2019, before going public in 2020 with $155.1 million in fiscal 2020 revenue. |
Who has invested in Sumo Logic?
13 investors have backed Sumo Logic across its funding rounds, including Accel, Sequoia Capital, Greylock, Sutter Hill Ventures, IVP and DFJ Growth.
Lead investors include Battery Ventures, Sapphire Ventures, DFJ Growth and Sequoia Capital.
Sumo Logic Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| San Francisco, CA | 3 | Participant | May 2014 | |
| San Francisco, CA | 3 | Lead | May 2014 | |
| San Francisco, CA | 3 | Participant | May 2014 | |
| Palo Alto, CA | 3 | Participant | May 2014 | |
| San Francisco, CA | 2 | Participant | Jun 2015 | |
| San Francisco, CA | 2 | Lead | Jun 2015 | |
| San Francisco, CA | 1 | Participant | Jun 2015 | |
| United States | 1 | Participant | May 2019 | |
| Boston, MA | 1 | Lead | May 2019 | |
| New York City, NY | 1 | Participant | May 2019 | |
| San Francisco, CA | 1 | Participant | May 2019 | |
This data is available for Pro users. Sign up to see all 13 Sumo Logic investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialAcquisitions by Sumo Logic
Sumo Logic has acquired 4 companies to date.
Last acquisition by Sumo Logic was on June 2nd 2021. Sumo Logic acquired Sensu for $33M.
Latest Acquisitions by Sumo Logic
| Description | Sensu is a Portland, Oregon-headquartered full-stack monitoring platform for cloud-native and dynamic environments including Kubernetes, hybrid clouds, and containers. The open-source framework provides observability through plugins for metrics, events, and alerts, supporting infrastructure-as-code practices. With a global distributed team, Sensu automates incident response for DevOps teams at scale. | DFLabs is a global leader in security automation and orchestration, offering its IncMan platform adopted by Fortune 500 and Global 2000 organizations. The company's team contributed to ISO 27043 and ISO 30121 standards. With operations in Europe, North America, and EMEA, DFLabs streamlines incident response and threat management. | JASK is a cloud-native security operations platform providing SIEM capabilities with automation for threat detection and response. Founded in 2015 in Austin, Texas, and acquired by Fortinet in 2020, it processes petabytes of log data daily using machine learning. The ASOC platform integrates with AWS and Azure, serving enterprises in finance and healthcare for automated incident triage. | FactorChain offers an incident response platform that accelerates security operations for large-scale defenses. Founded in 2014 and California-based, the system targets bottlenecks in cybersecurity workflows. |
| HQ Country | |  | | |
| HQ City | Portland, OR | Milan | Austin, TX | San Francisco, CA |
| Deal Date | 2 Jun 2021 | 10 Mar 2021 | 4 Nov 2019 | 23 Jan 2018 |
| Valuation | $33M | $42M | $55M | $2M |
| EV/Revenue | ||||
| EV/EBITDA | ||||
This data is available for Pro users. Sign up to see all Sumo Logic acquisitions and their M&A valuation multiples. Start Free Trial | ||||
Sumo Logic Competitors
Sumo Logic competitors include listed companies like Plus Alpha Consulting, Amplitude and C3.ai, and private ones like Imply, Alation and Pax8.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| San Francisco, CA | Private | - | - | $1.1B | - | |
 Japan | Publicly listed | $110M | $36M | $572M | 3.8x | |
| San Francisco, CA | Private | $100M | - | $1.7B | 17.0x | |
| Denver, CO | Private | - | - | $1.7B | - | |
| United States | Publicly listed | $343M | ($76M) | $1.7B | 4.1x | |
| United States | Publicly listed | $250M | ($484M) | $1.7B | 4.5x |
Sumo Logic Public Comps
Sumo Logic is no longer listed, but its public comps include Amplitude, C3.ai, VNET Group, Nava, Anterix, Planisware, Innodata, UCloud Technology, ESDS Software and Business-intelligence.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $343M | ($76M) | 4.6x | 4.1x | (21.1x) | 98.8x | |||
| $250M | ($484M) | 4.3x | 4.5x | (2.2x) | (6.2x) | |||
| $1.5B | $463M | 4.1x | 3.7x | 13.2x | 11.8x | |||
| $445M | $192M | 3.8x | - | 8.8x | - | |||
| $7M | ($29M) | 216.3x | 103.4x | (47.7x) | (46.7x) | |||
| $228M | $78M | 7.3x | 6.7x | 21.5x | 18.4x | |||
| $252M | $47M | 6.8x | 5.2x | 36.6x | 22.7x | |||
| $253M | $31M | 7.7x | - | 63.2x | - | |||
This data is available for Pro users. Sign up to see all Sumo Logic competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Sumo Logic
| When was Sumo Logic founded? | Sumo Logic was founded in 2010. |
| Where is Sumo Logic headquartered? | Sumo Logic is headquartered in San Francisco, CA, United States. |
| Is Sumo Logic publicly listed? | No, Sumo Logic was acquired by Francisco Partners in February 2023. |
| Who acquired Sumo Logic? | Sumo Logic was acquired by Francisco Partners in February 2023. |
| How much was Sumo Logic acquired for? | Sumo Logic was acquired for $1.7B in February 2023, a 7.0x revenue multiple. |
| What is Sumo Logic's valuation? | Sumo Logic was last valued at $1B in its Series G in May 2019. |
| How much funding has Sumo Logic raised? | Sumo Logic has raised $295M across 4 funding rounds. |
| What was Sumo Logic's last funding round? | Sumo Logic's last funding round was a $110M Series G in May 2019, led by Battery Ventures. |
| Who are Sumo Logic's investors? | Sumo Logic's investors include Sutter Hill Ventures, Sequoia Capital, Greylock, Accel, IVP, DFJ Growth, Tenaya Capital, Putnam Premier IT, Battery Ventures, Tiger Global and 3 others. |
| What is Sumo Logic's revenue? | Sumo Logic's latest recorded revenue is $100M (May 2019). |
| What is Sumo Logic's revenue multiple? | Sumo Logic's latest valuation implies a 10.0x revenue multiple ($1B valuation on $100M of revenue). |
| Which companies are comparable to Sumo Logic? | Companies comparable to Sumo Logic include Imply, Plus Alpha Consulting, Alation, Pax8, Amplitude and C3.ai. |
| How many companies has Sumo Logic acquired? | Sumo Logic has acquired 4 companies, including Sensu, DFLabs, JASK and FactorChain. |
| What was the largest acquisition by Sumo Logic? | The $55M acquisition of JASK in November 2019 is the largest acquisition Sumo Logic has made to date. |
See companies similar to Sumo Logic
Start Your
Free Trial Today
Try Multiples for free for 3 days. Got questions or need a demo? Schedule a call with us below.