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Funds for Big Data Firms Sumo Logic and SiSense
Big data analytics provider Sumo Logic has closed a $30m Series C funding round led by Accel Partners, and will use it to expand its R&D, sales and marketing, and other functions. Separately, Israeli big data start-up SiSense Ltd has raised $8m.
Existing investors Greylock Partners and Sutter Hill Ventures also participated in the Sumo Logic round, which brings the company's total funding to date to $50.5m, less than a year after its public launch.
The firm's software helps enterprise IT professionals analyze and visualize massive amounts of data from their server log files and other company sources, in real time, in both data center and cloud environments. In addition to paid services for large enterprise clients such as Netflix, it offers a no-charge option, Sumo Logic Free.
President and CEO Vance Loiselle says the new round validates the firm's vision and innovation and is 'testament to the traction we are seeing in the marketplace.' He adds: 'The funding positions us well to aggressively expand our powerful cloud-based analytics and log management service to a very broad section of the market.'
SiSense raised the cash from current investors Genesis Partners and Opus Capital, along with co-founder Eli Farkash and private investors - adding to $5.5m raised previously. Founded in 2005 by a team of five including CTO Eldad Farkash, his son Eli Farkash, the company has developed Prism, an end-to-end Business Intelligence solution for non-expert users, running on standard PCs.
Web sites are at www.freesumo.com and www.sisense.com .
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