The company clearly has plenty of runway now to last for quite some time. The IPO idea remains a goal, but Sayar was not willing or able to commit to when that might happen. He says the company will be investing the money in continuing to develop the platform, whether that’s through acquisitions, which of course the money would help with, or through the company’s own engineering efforts. We had plenty of capital already, but when you bring on crossover investors and others in this stage of a company, they have minimum check sizes and they have a lot of appetite to help you as you get ready to address a lot of the challenges and opportunities as you become a public company,” he said. While that hasn’t happened yet, he says it is still the goal for the company, and investors wanted in on that before it happened. When we spoke to Sumo Logic CEO Ramin Sayar at the time of its $75 million Series F in 2017, he indicated the company was on its way to becoming a public company. Today’s investment brings the total raised to $345 million. ![]() Other unnamed existing investors also participated, according to the company. Today’s round was led by Battery Ventures with participation from new investors Tiger Global Management and Franklin Templeton. The company indicated that its valuation was “north of a billion dollars,” but wouldn’t give an exact figure. ![]() Sumo Logic, a cloud data analytics and log analysis company, announced a $110 million Series G investment today.
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