Machine data intelligence company Sumo Logic, Inc. has raised $80 million Series E in a round led by DFJ Growth that included new investor Institutional Venture Partners, along with existing investors Greylock Partners, Sequoia Capital, Sutter Hill Ventures and Accel Partners.

Founded in 2010, Sumo Logic offers secure and purpose-built cloud-based machine data analytics which allows customers to gain instant insights into machine data within complex environments.

The company’s proactive analytics are said to improve the reliability of mission-critical applications with deep visibility across DevOps, IT ops and compliance and security environments.

Sumo Logic’s service is pitched as being easy to setup “within minutes” while operating at scale while at the same time reducing cost and complexity.

“The growth of software-centric business models has transformed the process of innovation from static release and upgrade cycles to a model for continuous innovation and delivery,” Sumo Logic President & Chief Executive Officer Ramin Sayar said in a statement. “Thousands of users rely on the Sumo Logic service every day to yield real-time data insights that support the ongoing innovation needed to deliver always-on, secure services and applications that are the foundation for great end-customer experiences.”

A problem with a solution

Data management is becoming ever more complex relative to the growth in the sheer amount of data that it being produced, with figures quoted by the company noting that there is now 2.5 exabytes generated across the globe daily, a 600 percent increase over 10 years ago.

Sumo Logic claims that it is purpose-built for the new era of big data and cloud computing, with their service able to currently analyse one exabyte of data per month, with delivery of tens of millions of insights per day.

“There is a new paradigm for the way mission-critical applications and services are built and deployed to take advantage of the tsunami of data being created all around us. Sumo Logic is at the center of this movement, enabling fundamental changes to the way that IT, operations, development and enterprise business leaders make decisions,” DFJ Growth Co-Founder and Managing Director Randy Glein added.

Including the new round, Sumo Logic has raised $160.5 million to-date.

The company said it would use the new round to fuel growth across the business, spanning engineering, sales and global operations.

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