Sumo Logic, the cloud-based log analysis platform, announced a $75 million round today, as the seven year old company could be entering the home stretch before an IPO.
While CEO Ramin Sayar was not ready or willing to commit to an IPO timeline, he did admit it was the next logical step for the company, and that the size of the investment gives him the capital to build toward that event.
Sayer would not discuss the current valuation, but today’s round brings the total raised to $235 million since inception 7 years ago, and follows an $80 million round almost exactly two years ago.
Read more here: https://techcrunch.com/2017/06/27/sumo-logic-lands-75-million-series-f-on-the-road-to-ipo/
Nice article!
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