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Sumo Logic, an enterprise log management and analytics company, announced today it has raised $15 million in its second round of funding. Sutter Hill Ventures led the round with participation from Greylock Partners and angel investor Shlomo Kramer.
The company also announced its emergence from stealth mode and the release of its Software-as-a-Service log management and analytics service with Elastic Log Processing and LogReduce technologies.
Computer and server logs are important for many companies to correct errors and keep their services running smoothly. Sumo Logic analyzes and manages the data these logs put out, helping companies stay on top of any technical issues that may arise. With the software, companies can find opportunities to improve their systems, track data trends, and find security flaws.
Sumo Logic’s entire service plays into the Big Data phenomenon, where companies amass such large amounts of information that they cannot manage it easily. The company’s goal is to organize and manage massive amounts of data for companies with easy-to-use analytics tools. The service is entirely cloud-based and maintenance free, according to the company.
“Until now, enterprise log management solutions have consisted of expensive, complex deployments that are difficult to scale and have been unable to deliver on their promise of true analysis and insights,” said Kumar Saurabh, acting CEO and VP of analytics at Sumo Logic, in a statement. “Based on our decade-long experience in the space, we understood that a fundamentally different approach was needed. We’re excited to now unveil our cloud-based service and deliver the first platform that can provide valuable operational insights across enterprise log data in real time and at unprecedented scale.”
The Silicon Valley-based company has raised $20.5 million to date. It competes with Splunk and Loggly, two companies hoping to make sense of log data as well.
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