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Sumo Logic raises $15M, drops its stealthy status

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.

DEMO: DataRoket grabs your data from anywhere

DataRoket is one of 53 companies chosen by VentureBeat to launch at the DEMO Spring 2011 event taking place this week in Palm Desert, Calif. After our selection, the companies pay a fee to present. Our coverage of them remains objective.

Startups find strong opportunities in 3 “big data” markets

Ken Elefant is a founding partner of VC firm Opus Capital (formerly Weiss, Peck & Greer Venture Partners) focusing primarily on internet infrastructure and software investments. Opus has more than $1 billion capital under management and has participated in the successful outcomes of more than 80 companies (including 48 IPOs) in the U.S. and in Israel.

Dell withdraws as HP offers $2.4 billion for data-storage company 3Par

The very public bidding war between Dell and HP for the data storage company 3Par may finally be coming to an end. HP announced today that it increased its offer for 3Par to $33 per share — or $2.4 billion. Shortly thereafter, 3Par announced that it will accept the offer, and Dell said that it won’t revise its previous $2 billion offer, and will pull out of acquisition talks.