Funding

Sumo Logic takes in $80 million to streamline big data for IT operations

Businesses aren’t just looking at the rise of big data as a way to help make better marketing or sales decisions. They are also tapping into that explosion of data to better optimize their data center and IT operations.
Sumo Logic wants a piece of this big IT operations market, and on Monday will announce that it landed an $80 million funding round, which brings the company’s total investment to $160.5 million. The startup, based in Redwood City, declined to comment on its valuation.

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