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REDWOOD CITY, Calif., Sept. 13, 2018 (GLOBE NEWSWIRE) -- Sumo Logic, the leading cloud-native, machine data analytics platform that delivers continuous intelligence, today announced it has been named to the third annual Forbes 2018 Cloud 100 list, for the third year in a row. In collaboration with Bessemer Venture Partners and Salesforce Ventures, the Forbes Cloud 100 is a definitive list of the top 100 private companies in the world that showcase the best and brightest cloud leaders.
“Machine data, delivered and consumed as a service, is a critical component for every business working to deliver the best customer experiences and maintain a competitive advantage in our digital world,” said Ramin Sayar, president and CEO, Sumo Logic. “To be named to this list for the third consecutive year is a true indication Sumo Logic has become the data stewards of modern business. The Sumo Logic platform is purpose-built for the cloud era, and we remain committed to delivering continuous intelligence for our customers, regardless of where their modern applications and infrastructure data lives.”
As part of the rigorous selection process for the Forbes 2018 Cloud 100, Bessemer Venture Partners received submissions from the top cloud startups. The Forbes Cloud 100 judging panel, including top public cloud company CEOs, reviewed the data to select, score and rank the top 100 cloud companies from all over the world. The evaluation process involved four factors: market leadership (35 percent), estimated valuation (30 percent), operating metrics (20 percent) and people and culture (15 percent).
This recognition comes on the heels of Sumo Logic’s recent announcement of its third annual “State of Modern Applications and DevSecOps in the Cloud” report, which provides exclusive data-driven insights, best practices and emerging trends within the modern application stack from the company’s more than 1,600 customers and 50,000 users. Released in conjunction with Illuminate, Sumo Logic’s annual user conference, the report details year-over-year usage growth in mission-critical modern applications, such as Amazon Web Services (AWS) Lambda, Docker and Kubernetes running on AWS, Microsoft Azure and Google Cloud Platform (GCP).
Sumo Logic announced a number of innovations and enhancements this week from Illuminate, including a new cloud SIEM solution, the industry’s first Global Intelligence Service, derived from Sumo Logic’s multi-tenant service, to extend machine learning and insights to new teams and use cases across the enterprise.
Sumo Logic is the industry’s first machine data analytics platform to natively ingest, index and analyze structured and unstructured data together in real-time. As one of the most powerful cloud services in the world, every day on average the Sumo Logic platform analyzes more than 100 petabytes of data, executes over 30 million searches and queries more than 500 trillion records, delivering tens of millions of insights to customers who rely on continuous intelligence across the entire application lifecycle to more effectively build, run and secure their modern applications.
The Forbes 2018 Cloud 100 are published online at www.forbes.com/cloud100 and will appear in the September 2018 issue of Forbes magazine.
“For the past three years, the Cloud 100 list has identified the top cloud companies that are reshaping their respective industries,” said Alex Konrad, Forbes editor of The Cloud 100. “I am consistently impressed by the caliber of companies honored on the Cloud 100 list. It is an exciting time to a be a cloud company and founder.”
“All of the twenty-five cloud IPOs and major cloud acquisitions over the past three years have been prior members of the Cloud 100, and we absolutely expect that the dominant public cloud companies of the future will also come from this list,” said Byron Deeter, a top cloud investor and partner at Bessemer Venture Partners. “The 2018 Cloud 100 represents well over $135B in private shareholder value--an astonishing figure that reminds us yet again of the power of the cloud. The way we do business will be dramatically different as a result of these companies and I am honored to celebrate the remarkable accomplishments of the founders and teams behind each company on the 2018 Cloud 100.”
“The business opportunity for cloud companies is tremendous today as capital investment, customer demand and rate of adoption continues to grow,” said Matt Garratt, managing partner at Salesforce Ventures. “We’re excited to see the potential of these companies and look forward to seeing what innovative technology they deliver around the world.”
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About Sumo Logic
Sumo Logic is a secure, cloud-native, machine data analytics service, delivering real-time, continuous intelligence from structured, semi-structured and unstructured data across the entire application lifecycle and stack. More than 1,600 customers around the globe rely on Sumo Logic for the analytics and insights to build, run and secure their modern applications and cloud infrastructures. With Sumo Logic, customers gain a multi-tenant, service-model advantage to accelerate their shift to continuous innovation, increasing competitive advantage, business value and growth.
Founded in 2010, Sumo Logic is a privately held company based in Redwood City, Calif. and is backed by Accel Partners, DFJ, Greylock Partners, IVP, Sapphire Ventures, Sequoia Capital and Sutter Hill Ventures. For more information, visit www.sumologic.com.
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