Sumo Logic
Cloud-native log management and security analytics (SIEM).
Funding & Investors
$346M (venture) + $326M (IPO)
Series A ($5.6M), B ($14.7M), C ($28.5M), D ($30M), E ($80M), F ($75M), G ($110M)
Outcome
Acquired by Francisco Partners in 2023 for $1.7B (taken private)
IPO in 2020 on NASDAQ
Lesson Learned
Cloud SIEM competed with Splunk. Lesson: going public then private shows the challenge of cloud SIEM economics against platform plays.
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