How Our Journey Began
Four years ago, my co-founder Kumar and I were just two guys who called coffee shops our office space. We had seen Werner Vogel’s AWS vision pitch at Stanford and imagined a world of Yottabyte scale where machine learning algorithms could make sense of it all. We dreamed of becoming the first and only native cloud analytics platform for machine generated data and next gen apps, and we dreamed that we would attract and empower customers. We imagined the day when we’d get our 500th customer. After years of troubleshooting scale limitations with on-premises enterprise software deployments, we bet our life savings that multi-tenant cloud apps could scale to the infinite data scales that were just a few years away.
Eclipsing Our First Goal
Just a few weeks ago, we added our 500th enterprise customer in just over two years since Sumo Logic’s inception. As software developers, the most gratifying part of our job is when customers use and love our software. This past month has been the most gratifying part of the journey so far as I’ve travelled around the world meeting with dozens of happy customers. At each city, I’m blown away by the impact that Sumo Logic has on our customers’ mission critical applications. Our code works, our customers love our software and our business is taking off faster than we could have imagined.
Momentum Is Kicking In
Our gratitude for our customers only grows when we dig through the stats of what we’ve been able to build together with our world class investors and team of 170+ Sumos. Just last quarter alone, we exceeded expectations with:
- 100%+ Quarter over Quarter ACV growth
- 100+ new customer logos
- 12 new 1 Terabyte/day customers
- 1 Quadrillion new logs indexed
Dozens of new Sumos bringing badass skills from companies like Google, Atlassian, Microsoft, Akamai and even VMware…
Shifting Into Overdrive
It is still early days, and we have a tireless road of building ahead of us. Big data is approaching a $20B per year industry. And, we’re addressing machine data, which is growing 5X faster than any other segment of data. No company has built a platform for machine data that approaches our scale in the cloud:
- 1 million events ingested per second
- 8 petabytes scanned per day
- 1 million queries processed per day
Today, we’re excited to share the news that Ramin Sayar will joining us to lead Sumo Logic as our new president and CEO. With 20 years of industry experience, he has a proven track record for remarkable leadership, incubating and growing significant new and emerging businesses within leading companies. He comes to us from VMWare, where he was Sr. Vice President and General Manager of the Cloud Management Business Unit. In his time at VMWare, he developed the product and business strategy and led the fastest growing business unit. He was responsible for the industry leading Cloud Management Business and Strategy, R&D, Operating P&L, Product Mgmt, Product Marketing and field/business Operations for VMware’s Cloud Mgmt offerings.
Our mission remains the same: to enable businesses to harness the power of machine data to improve their operations and deliver outstanding customer experience. With our current momentum and Ramin’s leadership, I am extremely excited about the next chapter in Sumo Logic’s journey. Please know how grateful we are to you, our customers, partners, and investors, for your belief in us and for the privilege to innovate on your behalf every day.