We can see this in a 2017 TechCrunch headline noting that Sumo had then raised $75 million, and was “on path” to a public offering. The Redwood City-based, former startup raised around $340 million while private, according to Crunchbase data. The data shown below depicts how the Sumo Logic data compares against the operating metrics of current public SaaS businesses. No mention of FPGA, I guess it already went out of style. Normally, netconvert and netgenerate generate traffic lights and programs for junctions during the computation of the networks. Sumo Logic addresses cloud-native and traditional on-premise businesses that seek to build, manage, and secure modern applications while undertaking digital transformation and cloud ⦠We recognize subscription revenue ratably over the term of the subscription, which is generally one year, but can be three years or longer. When I think about what a company will be worth I first like to look at how other public companies are valued. Below you can see the implied Sumo Logic valuation at different multiples. But Sumo Logic is all SaaS, while Splunk is still shifting to SaaS. Sumo Logic provides real-time visibility into AWS, Azure, and GCP cloud applications and infrastructure. Hands-on Labs: Administration New to using Sumo Logic? As you can see from the charts in the sections above, Elastic is ~2.5x bigger and growing faster, with better unit economics (net retention and payback) and better operating margins. If I was ignoring all of the macro sentiment around SaaS valuations and IPOs today I’d say Sumo Logic should trade at 14-16x. The document contains a plethora of information on the company including a general overview, up to date financials, risk factors to the business, cap table highlights and much more. These tutorials show you how to setting up Sumo Logic ⦠Sumo Logic parses information collected from its customers’ enterprise apps and integrations to help them pinpoint operational and security issues and lets them dashboard additional elements as they wish. It provides log management and analytics services that leverage machine-generated big ⦠After the roadshow launch there’s typically ~2 weeks before the stock starts trading. First, let’s look at what SaaS multiples are trading at today, bucketed by growth: Sumo Logic fits into that high growth bucket, but there are a number of very comparable businesses that trade below that which are a better comparison (Datadog being the exception). Setting our dive into Palantir's gross margins aside for another day, Sumo Logic filed to go public this morning. But Sumo Logic is all SaaS, while Splunk is still shifting to SaaS. Considering that both are playing in a $50 billion total addressable market, according to Sumo Logicâs S1 ⦠Our Continuous Intelligence Platform enables organizations to automate the collection, ingestion, and analysis of application, infrastructure, security, and IoT data to derive actionable insights within seconds. They have also subsequently filed an amended S-1/A with new July-31st ending numbers (Q2). Sumo Logic parses information collected from its customersâ enterprise apps and integrations to help them pinpoint operational and security issues and lets them dashboard additional ⦠For your security, we need to re-authenticate you. Please. lmilcin 87 days ago. Founded: 2004 Customers: 1.5M active creators Customer Notes: - 62% of their revenue ⦠This site requires JavaScript to run correctly. In a perfect world, Sumo Logic should in theory trade below Elastic and above Splunk. So, how healthy is the company, and what have its investors bought with about a third of a billion dollars in capital? Sumo Logic delivers its platform as a true, multi-tenant SaaS architecture, across multiple use-cases, enabling businesses to thrive in the Intelligence Economy. The Redwood City-based, former startup raised around $340 million while ⦠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 ⦠These tutorials can take you through the steps of using Sumo Logic to search, visualize, analyze, and track your data. In addition, we provide over 150 apps and native integrations to give you out-of-the-box visibility into ⦠Sumo Logic is a cloud-based machine data analytics company focusing on security, operations and BI usecases. So we’re looking at roughly 5 weeks before the Robinhood Traders can go crazy buying the stock. Sumo Logic parses information collected from its customersâ enterprise apps and integrations to help them pinpoint operational and security issues and lets them dashboard additional elements as they wish. We can gape this in a 2017 TechCrunch headline noting that Sumo had then raised $75 million, and used to be âon courseâ to a ⦠Sumo Logic is the pioneer of Continuous Intelligence, a new category of software, which enables ⦠Sumo Logic (with attractive growth and a great market) has the second worst operating margin of all SaaS businesses I track! This metric demonstrates how long it takes (in months) for a customer to pay back the cost at which it took to acquire them. 66 Sumo Logic jobs including salaries, ratings, and reviews, posted by Sumo Logic employees. Also, sumo/sumo ⦠At the time, it was valued at north of $1 billion, making it a unicorn. Up top: Sumo Logic operates on a fiscal calendar that ends January 31 of each calendar year. In the chart below I’m taking the average of the 4 quarters leading up to IPO to remove any seasonality out outliers. Sumo Logic, a leading player in the fast-growing log management space, filed for a $100M IPO, which is a placeholder amount. Sumo Logic Inc () Stock Market info Recommendations: Buy or sell Sumo Logic stock? Search job openings at Sumo Logic. There’s a lot of info to digest, so in the sections below I’ll try and pull out the relevant financial information and benchmark it against current cloud businesses. Sumo Logic is sooooo behind the times. Sumo Logic Basics is an online session designed to get your team familiar with the breadth of Sumo Logic features. So can the ⦠Sumo Logic, Inc. (US:SUMO) institutional ownership structure shows current positions in the company by institutions and funds, as well as latest changes in position size. Click the link we sent to , or click here to log in. Sumo Logic, the cloud-based log analysis platform, announced a $75 million round today, as the seven year old company could be entering the home stretch before an IPO. For context: Sumo Logic did $170M in LTM rev, and grew 48%. So can the new IPO kid in town, Sumo Logic, be a strong competitor to Splunk? With the Sumo Logic app for Amazon S3, see your data statistics in real-time and take cost-saving action on the insights you develop and guarantee full audit compliance. Continuous intelligence leverages artificial intelligence and machine learning capabilities, and is provided as a multi-tenant cloud service that allows organizations to more rapidly deliver reliable applications and digital services, protect against modern security threats, and consistently optimize their business processes in real time. The Exchange explores startups, markets and money. Sumo Logic empowers organizations to close the intelligence gap. Major shareholders can include ⦠Sumo Logic empowers organizations to close the intelligence gap. Our platform is employed across a broad range of use cases to address this gap. So - my prediction is that once Sumo Logic starts trading it will end up with a multiple closer to 30x forward revenue, giving it a valuation of ~$7B! Sumo Logicâs IPO has been in its plans for some time. While CEO ⦠You can read it every morning on Extra Crunch, or get The Exchange newsletter every Saturday. One big caveot - Sumo Logic has not shown July quarter end numbers in this filing, so all data is as of the April 30th. They currently have 2,131 customers in total, with an overall ACV of $89k. With our Continuous Intelligence Platform, executives and employees have the intelligence they require to take prescriptive action in real time—a modern business imperative.”, “We believe that as companies of all sizes and across all industries increase the amount of business they conduct digitally, they will continue to invest in solutions that help address the intelligence gap. Let’s find out. Datadog (38x), Dynatrace (17x), Elastic (16x), Splunk (13x) and New Relic (4x) all play in the broader “observability” category. Our founders one goal: to develop enterprise software that was easy to deploy, was powerful yet simple, and that delivered on the promise of actionable insights from the companyâs ⦠Still, these computed programs quite often differ from those found in reality. (Previous Q S&M) / (Net New ARR x Gross Margin) x 12. We offer multi-tiered paid subscription packages for access to our platform, the pricing for which differs based on a variety of factors, including volume of data to be ingested, duration of data retention, and breadth of access to platform features and functionalities.”, Sumo Logic currently has 329 customers with an ACV >$100k, and 27 customers with an ACV > $1M (data is as of April 30th, 2020. For this example weâll run a Join query on two tables using logs that look like: starting stream from stream-2454 starting stream from stream-7343 starting search search ⦠I’ve highlighted Elastic and Splunk, who I think have very comparable products / markets. This is super standard for SaaS companies as it allows the firm to not wrap its year during the holiday period. Both Sumo Logic and Splunk do a similar thing â gather all your data and let you analyze it, more or less. July quarter end data not available yet). So can the new IPO ⦠My other prediction - the IPO will price at a slight discount to Elastic, giving it a pricing valuation of ~$3.5B. The Sumo Logic Story. However… SaaS IPOs have been known to pop recently and I don’t think that trend is stopping with Sumo Logic. I couldn’t find the exact metric in the Sumo Logic S-1, but they did mention their dollar-based net retention has fluctuated between 120% - 135% over the last 9 quarters, so I’m showing the midpoint. magixx 87 days ago. Predicting the valuation of pending IPOs is nearly impossible, but it adds to the fun to make predictions! Sumo Logic filed their initial S1 statement today and will trade under the ticker “SUMO”. To feed the simulation with real traffic light programs, it is possible to run sumo/sumo-gui with additional program definitions. As far as an expected timeline - typically companies launch their roadshow ~3 weeks after filing their initial press release (this is where we get a price range). The company claims in its S-1 that its code is “continuous intelligence,” which it brands as “a new category of software.”. Sumo Logic Overview From the S1 - âSumo Logic is the pioneer of Continuous Intelligence, a new category of software, which enables organizations of all sizes to address the challenges and ⦠Based on data from International Data Corporation, or IDC, Sumo Logic estimates its total addressable market opportunity to be approximately $55.1 billion. From the S1 - “Sumo Logic is the pioneer of Continuous Intelligence, a new category of software, which enables organizations of all sizes to address the challenges and opportunities presented by digital transformation, modern applications, and cloud computing. This empowers employees across all lines of business, development, IT, and security teams with the data and insights needed to address the technology and collaboration challenges required for modern business. ... Not to be rude, but jumping into comment sections about your competitor's S1 ⦠The median here is 16x. Detect and troubleshoot ⦠But Sumo Logic is all SaaS, while Splunk is still shifting to SaaS. This is good for sales teams and so forth. In the SaaS / Cloud world companies are valued off a multiple of their revenue (a select few are valued off of FCF). Sumo Logic’s IPO has been in its plans for some time. Sumo Logic, one of the companies going public, has a customer case study in its S1 about Jfrog, another company going public. Sumo Logicâs mission statement is that the company âempowers organizations to close the intelligence gapâ The company states intelligence gaps are a result of multiple disparate systems ⦠The purpose of the detailed information is to help investors (both institutional and retail) make investment decisions. Our own Ron Miller summarized Sumo Logic as a “cloud data analytics and log analysis company” when it raised a $110 million Series G last May. SUMO LOGIC, INC. Overview . A S1 is a document companies file with the SEC in preparation for listing their shares on an exchange like the NYSE or NASDAQ. Wall Street Stock Market & Finance report, prediction for the future: You'll find the Sumo Logic share forecasts, stock quote and buy / sell signals below.According to present data Sumo Logic's SUMO ⦠Sumo Logic is the pioneer of Continuous Intelligence, a new category of software, which enables ⦠Setting our dive into Palantir’s gross margins aside for another day, Sumo Logic filed to go public this morning. Unity S-1. If you could please add the total shares outstanding at IPO and the IPO price range, that would be awesome. The company claims in its S-1 that its code is âcontinuous intelligence,â which it brands as âa new category of software.â Our own Ron Miller summarized Sumo Logic ⦠Morgan Stanley is leading the offering and the company plans to trade under the symbol âSUMOâ ⦠We calculated this estimate by aggregating 2020 projected revenue by organizations in the following IDC software categories: advanced and predictive analytics software; AI software platforms; content analytics and search software; end-user query, reporting, and analysis software; software change and configuration management; security analytics, intelligence, response, and orchestration; and IT operations management (ITOM) software, across on-premise and cloud environments.4 We believe that our platform currently addresses a significant portion of this market, and we intend to further expand our offerings to capture more of this market in the future.”, From the S-1 “We generate revenue through the sale of subscriptions to customers that enable them to access our cloud-native platform. SUMO LOGIC, INC. Overview . That would enable readers to translate multiples to stock price. Running a Join operator query. Generally this is a projected revenue number, and for the purpose of this analysis I will be looking at NTM (next twelve months) projections. Thanks! Company Description: Unity is a 3D development platform for games, animation, and enterprise. Both Sumo Logic and Splunk do a similar thing â gather all your data and let you analyze it, more or less. This metric is calculated by taking the annual recurring revenue of a cohort of customers from 1 year ago, and comparing it to the current annual recurring revenue of that same set of customers (even if you experienced churn and that group of customers now only has 9, or anything <10). Strong competitor to Splunk I first like to look at how other public companies are valued:. ~ $ 3.5B company Description: Unity is a document companies file with breadth! 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